The fast-growing software stock plunged through Wall Street's floorboards due to smaller revenue and earnings surprises than expected. What happened Shares of Asana (ASAN -5.11%) crashed hard on Thursday, following Wednesday evening's release of fourth-quarter results.
What's happening with asana stock?
Mar 10, 2022 · Asana’s fourth-quarter results and forward-looking guidance all landed above Wall Street’s published consensus estimates. But the surprise was smaller than usual, so the company’s least-forgiving...
Is Asana (Asan) a great high-flying stock?
Nov 22, 2021 · ASAN Stock Plummets As Bond Yields Rise Today, one of the big headlines that’s driving valuations across hypergrowth stocks lower is the re-appointment of Federal Reserve Chairman Jerome Powell. On...
How is the stock rating for asana calculated?
Dec 03, 2021 · Shares of workflow and project management software outfit Asana ( ASAN -5.23% ) sank over 28% today as of 3:40 p.m. ET. The small cloud-based service company has been soaring ever since its initial...
What are Asana’s cash flows like?
Dec 03, 2021 · Asana, Inc. (ASAN), a company that operates a work management platform, has plunged 16.14% in aftermarket trading session. Consequently, ASAN stock is trading at $76.31 at the time of the writing. In the late hours of Thursday, markets across the US tumbled, as more and more states are reporting Omicron cases.
Why is Asana stock going down today?
Why Asana Stock Plummeted 27% in March The enterprise-software company's share price plummeted following the release of its fourth-quarter earnings report.
Is Asana a good stock to buy?
Among 13 analysts polled, Asana has a “buy” rating. Also, the consensus of 13 analysts for a 12-month median price target stands around $95, implying an upside potential of over 45% from current levels. Meanwhile, the 12-month price estimates range between $60 and $110.Feb 15, 2022
Is Asana stock overpriced?
Why Asana Stock Still Seems Overvalued Asana's negative free cash flow (FCF) margins make it very challenging to model its fair value meaningfully. Moreover, consensus estimates do not point to the company reporting adjusted EBIT profitability over the next three FYs. High-growth SaaS peers EV/NTM Revenue median.Jan 11, 2022
Is Asana a buy Zacks?
How good is it? See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
Is Asana profitable?
Asana is currently not profitable. The company's burning a significant amount of cash investing in innovation and expansion, spending far more than than its sales are bringing in.Jan 13, 2022
Why did Asana stock go up?
Asana stock is gaining thanks to market momentum and a recent SEC filing.Feb 8, 2022
How much cash does Asana have?
Asana cash on hand for 2021 was $0.386B, a 9.95% increase from 2020. Asana cash on hand for 2020 was $0.351B, a INF% increase from 2019. Asana cash on hand for 2019 was $0B, a NAN% decline from 2019....Compare ASAN With Other Stocks.Asana Annual Cash on Hand (Millions of US $)2019$2019$2 more rows
Is Asana a small cap?
The stock is reasonably valued, and given Asana's still small absolute market cap, it has a high likelihood of becoming a multibagger. Buy the stock before others do.Jun 17, 2021
Asana Media Sentiment
Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.
Media Coverage
We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.
Asana (NYSE ASAN) News Headlines Today
Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm.
What does a high score mean on Asana?
Stockchase rating for Asana is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
What is Asana software?
It offers a work management software that helps workers (including remote workers) to save time and be more productive. Margins have been sinking as ASAN is burning cash. They're spending a lot on marketing, up 92% in the first half of 2020.
What is Asana app?
Asana is a web and mobile application designed to help teams organize, track, and manage their work. Forrester, Inc. reports that “Asana simplifies team-based work management.” It is produced by the company of the same name.