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Asana Inc (ASAN) Stock: A Year of Stock Market Ups and Downs

A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Asana Inc’s current trading price is 2.97% away from its 52-week high, while its distance from the 52-week low is 100.91%. The stock’s price range for this time frame has been between $11.05 and $21.55. The trading volume of the company’s shares in the Technology reached around 23.85 million for the day, which was evidently higher than the average daily volume of 1.84 million over the last three months.

In terms of market performance, Asana Inc had a somewhat regular. The highest value for the stock in the past year was $21.55 on 12/06/24, while the lowest value was $11.05 on 09/10/24.

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How Financial Performance Impacts Market Capitalization

Asana Inc (ASAN) has experienced a quarterly rise of 92.79% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.28B and boasts a workforce of 1840 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 13.22, with a change in price of +7.41. Similarly, Asana Inc recorded 2,098,453 in trading volume during the last 100 days, posting a change of +50.14%.

How ASAN’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ASAN stands at 1.15. Similarly, the long-term debt-to-equity ratio is also 1.03.

ASAN Stock Stochastic Average

The raw stochastic average for Asana Inc over the last 50 days is presently at 96.95%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 96.12%. Further, the company’s Stochastic %K and %D values for the last 20 days were 82.58% and 76.95%, respectively.

ASAN Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The metric has seen a significant gain of 16.73% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 64.37%. Over the past 30 days, the price of ASAN has fallen by 59.99%. And in the last five days, it has surged by 44.94%.

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