6-Dec-2024
Benzinga (Sun, 8-Dec 10:15 AM ET)
Asana’s (ASAN) Valuation Skyrockets on Q3 Beat and Shift to AI
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Asana’s $150 Million Stock Buyback: Potential Risks and Uncertain Benefits
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Seeking Alpha News (Fri, 6-Dec 10:11 AM ET)
Bank of America Securities Sticks to Its Buy Rating for Asana (ASAN)
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Benzinga (Fri, 6-Dec 9:06 AM ET)
Asana elevates, receives upgrade on earnings turnaround: analysts
Seeking Alpha News (Fri, 6-Dec 8:50 AM ET)
Scotiabank Remains a Hold on Asana (ASAN)
TipRanks (Fri, 6-Dec 8:41 AM ET)
D.A. Davidson Sticks to Their Hold Rating for Asana (ASAN)
TipRanks (Fri, 6-Dec 8:40 AM ET)
Asana is a provider of collaborative work management software delivered via a cloud-based SaaS model. The firm's solution offers scalable, dynamic tools to improve the efficiency of project and process management across countless use cases, including marketing programs, managing IT approvals, and performance management. Asana's offering supports workflow management across teams, provides real time visibility into projects, and reporting and automation capabilities. The firm generates revenue via software subscriptions on a per seat basis.
Asana Class A trades on the NYSE stock market under the symbol ASAN.
As of December 6, 2024, ASAN stock price climbed to $22.19 with 22,382,889 million shares trading.
ASAN has a beta of 2.25, meaning it tends to be more sensitive to market movements. ASAN has a correlation of 0.17 to the broad based SPY ETF.
ASAN has a market cap of $5.06 billion. This is considered a Mid Cap stock.
Last quarter Asana Class A reported $184 million in Revenue and -$.02 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.05.
In the last 3 years, ASAN traded as high as $83.25 and as low as $11.05.
The top ETF exchange traded funds that ASAN belongs to (by Net Assets): IWM, VTI, VB, VGT, SKYY.
ASAN has underperformed the market in the last year with a return of +14.3%, while SPY returned +35.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ASAN shares. However, ASAN has outperformed the market in the last 3 month and 2 week periods, returning +88.4% and +41.0%, while SPY returned +12.8% and +2.1%, respectively. This indicates ASAN has been having a stronger performance recently.
ASAN support price is $15.06 and resistance is $15.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ASAN shares will trade within this expected range on the day.