NYSE:ASAN

Asana (ASAN) Stock Forecast, Price & News

$22.71

-0.37 (-1.60%)

(As of 06/7/2023 ET)

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Today's Range: $22.66
▼
$24.23
50-Day Range: $15.62
▼
$23.90
52-Week Range: $11.32
▼
$29.51

Volume: 3.31 million shs
Average Volume: 3.01 million shs
Market Capitalization: $4.87 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $21.98

Asana MarketRank™ Forecast

Analyst Rating: Hold
2.07 Rating Score
Upside/Downside: 3.2% Downside
$21.98 Price Target
Short Interest: Bearish
14.25% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.16
Based on 43 Articles This Week
Insider Trading: Selling Shares
$538,214 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.48) to ($1.28) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.40 out of 5 stars

Computer And Technology Sector

546th out of 596 stocks

Prepackaged Software Industry

183rd out of 207 stocks

2.0

Analyst's Opinion

Consensus Rating
Asana has received a consensus rating of Hold. The company's average rating score is 2.07, and is based on 3 buy ratings, 10 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.98, Asana has a forecasted downside of 3.2% from its current price of $22.71.
Amount of Analyst Coverage
Asana has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
14.25% of the float of Asana has been sold short.
Short Interest Ratio / Days to Cover
Asana has a short interest ratio ("days to cover") of 4.1.
Change versus previous month
Short interest in Asana has recently increased by 2.06%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Asana does not currently pay a dividend.
Dividend Growth
Asana does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ASAN.

1.8

News and Social Media Coverage

News Sentiment
Asana has a news sentiment score of 0.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 43 news articles for Asana this week, compared to 7 articles on an average week.
Search Interest
Only 23 people have searched for ASAN on MarketBeat in the last 30 days. This is a decrease of -18% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Asana to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Asana insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $538,214.00 in company stock.
Percentage Held by Insiders
63.26% of the stock of Asana is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 28.22% of the stock of Asana is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Asana are expected to grow in the coming year, from ($1.48) to ($1.28) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Asana is -12.62, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Asana is -12.62, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Asana has a P/B Ratio of 14.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Asana (NYSE:ASAN) Stock

Asana, Inc., together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. The company's platform enables teams to orchestrate work from daily tasks to cross-functional strategic initiatives; and manages product launches, marketing campaigns, and organization-wide goal settings. It serves customers in industries, such as technology, retail, education, non-profit, government, healthcare, media, and financial services. The company was formerly known as Smiley Abstractions, Inc. and changed its name to Asana, Inc. in July 2009. Asana, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.

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ASAN Stock News Headlines

June 7, 2023 | marketbeat.com

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[BREAKING] New "Living Missile" to Replace Nuclear Missiles

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