The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Asana Inc. (ASAN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.15, or -0.72%, to $20.73. The Asana Inc. has recorded 41,579 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Asana Named to Inc. Magazine’s Annual List of Best Workplaces for the Sixth Year in a Row.
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Asana Inc. is listed on the NYSE as a member of the Technology sector and is a part of the Software – Application industry. At the end of the last regular session, the stock closed at $20.88 and fluctuated between $21.86 as its day high and $20.35 as its day low. The current market capitalization of Asana Inc. is $4.53B. A total of 2.67 million shares were traded on the day, compared to an average of 2.78M shares.
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ASAN has seen 7 BUY and 4 SELL insider trades, representing the acquisition of 24,205 and the disposition of 25,346 shares. Over the last 12 months, there were 31 BUYs and 14 SELLs from insiders. Insiders purchased 19,477,703 shares during that period but sold 48,727.
In the most recent transaction, Wan Tim M sold 3,336 shares of ASAN for 20.86 per share on Mar 23. After the transaction, the Chief Financial Officer now owns 603,715 company shares. In a previous transaction on Mar 23, LACEY ELEANOR B sold 1,321 shares at 20.86 per share. ASAN shares that GC, Corporate Secretary owns now total 165,300.
Among the insiders who sold shares, LACEY ELEANOR B disposed of 689 shares on Mar 20 at a per-share price of $21.58. This resulted in the GC, Corporate Secretary holding 166,621 shares of ASAN after the transaction. In another insider transaction, Wan Tim M sold 20,000 shares at $21.31 per share on Mar 17. Company shares held by the Chief Financial Officer now total 607,051.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ASAN in the last 3 months, the mean price target is $22.00 with high estimates of $30.00 and low estimates of $10.00. In terms of 52-week highs and lows, ASAN has a high of $29.51 and a low of $11.32.
As of this writing, ASAN has an earnings estimate of -$0.18 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of -$0.15 per share and a lower estimate of -$0.19. The company reported an EPS of -$0.26 in the last quarter, which was 18.80% higher than expectations of -$0.32.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ASAN’s latest balance sheet shows that the firm has $312.03M in Cash & Short Term Investments as of fiscal 2022. There were $255.61M in debt and $255.19M in liabilities at the time. Its Book Value Per Share was $1.66, while its Total Shareholder’s Equity was $203.84M.
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ASAN is Buy with a score of 3.17.