Asana Inc (ASAN): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Asana to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on Monday, March 11, 2024.

Stocks Info

This NYSE-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $19.95 and fluctuated between $20.14 as its day high and $19.51 as its day low. The current market capitalization of Asana Inc is $4.44B. A total of 1.19 million shares were traded on the day, compared to an average of 2.31M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ASAN has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 5,000 and the disposition of 5,000 shares. Over the last 12 months, there were 103 BUYs and 27 SELLs from insiders. Insiders purchased 9,420,790 shares during that period but sold 487,246.

In the most recent transaction, Wan Tim M sold 5,000 shares of ASAN for 19.27 per share on Dec 22. After the transaction, the Chief Financial Officer now owns 763,993 company shares. In a previous transaction on Dec 21, Wan Tim M sold 5,000 shares at 19.05 per share. ASAN shares that Chief Financial Officer owns now total 763,993.

Among the insiders who sold shares, Raimondi Anne disposed of 17,045 shares on Dec 20 at a per-share price of $19.31. This resulted in the Chief Operating Officer holding 502,636 shares of ASAN after the transaction. In another insider transaction, Wan Tim M sold 14,535 shares at $19.31 per share on Dec 20. Company shares held by the Chief Financial Officer now total 763,993.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, ASAN has a high of $26.27 and a low of $14.32.

As of this writing, ASAN has an earnings estimate of -$0.1 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of -$0.08 per share and a lower estimate of -$0.12. The company reported an EPS of -$0.04 in the last quarter, which was 63.60% higher than expectations of -$0.11.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $1.49, while its Total Shareholder’s Equity was $203.84M.

Analysts Opinion

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. 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 3.00.