Asana Inc (ASAN): The stock short term indicators scream Sell today

Asana Inc (ASAN) saw an uptrend of 1.26% in the recent trading with $3420000.0 being its most recent. The current price level -50.77% lower than the highest price of $27.77 marked by the stock while trading over the past 52-weeks, whereas it is 23.77% higher than the lowest price of $11.05 the company dropped to over past 52-weeks. The latest news story on ASAN appeared in (Business Wire) under the title “Battery Ventures Launches The Battery Catalyst Network, Connecting Portfolio Companies with Proven Go-to-Market Operators to Accelerate Growth” on Jun-26-25.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 19 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.89 for the stock.

Asana Inc Earnings – What Happened With ASAN

Coming around sales and income figures on ASAN Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

Asana Inc – Insider Activity and Holdings

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 155.66 million. ASAN does have institutional investors; and they hold 31.94% of the stock.

As on 2024-06-30, VOYA INVESTMENT MANAGEMENT LLC was the top most holder in Asana Inc (NYSE:ASAN) with an ownership of 11.6 million shares of the company or 5.0497 of the stake worth $162.31 million. The filing also reveals VANGUARD GROUP INC as the second largest holder in the company with a control over 4.3977 of the outstanding shares. Its stake is worth $141.36 million for having 10.1 million shares in hand.

BLACKROCK INC. also came holding a key position in the company during the recent quarter and it now holds 3.0385 of the outstanding shares. With this there are now 325.0 institutions which have possession in ASAN’s shares.

Key Metrics forASAN

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Asana Inc has a debt to equity ratio of 1.12.

Technical Analysis of Asana Inc (NYSE:ASAN) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Asana Inc (ASAN), we notice that the stock’s 20-day average volume is at 5,528,365 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 3,473,652 shares. And to end, ASAN’s 100-day average volume is 3,479,767 shares with 50% of the long-term indicators pointing towards Sell for the stock.

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