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Understanding the Risks of Investing in Asana Inc (ASAN)

Asana Inc’s filing revealed that its Officer Wan Tim M acquired Company’s shares for reported $0.4 million on Nov 25 ’24. In the deal valued at $16.00 per share,25,000 shares were bought.

Then, Wan Tim M bought 19,000 shares, generating $264,024 in total proceeds.

Before that, LACEY ELEANOR B sold 9,308 shares. Asana Inc shares valued at $111,603 were divested by the GC, Corporate Secretary at a price of $11.99 per share. As a result of the transaction, LACEY ELEANOR B now holds 375,310 shares, worth roughly $5.75 million.

Scotiabank initiated its Asana Inc [ASAN] rating to a Sector perform in a research note published on November 19, 2024; the price target was $15. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in early June from “a Reduce” to “a Hold”. Piper Sandler also remained covering ASAN and has increased its forecast on May 31, 2024 with a “Neutral” recommendation from previously “an Underweight” rating.

Price Performance Review of ASAN

On Friday, Asana Inc [NYSE:ASAN] saw its stock jump 1.06% to $15.31. Over the last five days, the stock has gained 4.01%. Asana Inc shares have fallen nearly -19.46% since the year began. Nevertheless, the stocks have fallen -28.99% over the past one year. While a 52-week high of $23.44 was reached on 03/01/24, a 52-week low of $11.05 was recorded on 09/10/24. SMA at 50 days reached $12.81, while 200 days put it at $14.13.

Levels Of Support And Resistance For ASAN Stock

The 24-hour chart illustrates a support level at 15.11, which if violated will result in even more drops to 14.90. On the upside, there is a resistance level at 15.49. A further resistance level may holdings at 15.66. The Relative Strength Index (RSI) on the 14-day chart is 67.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.20%. Stochastics %K at 59.98% indicates the stock is a holding.

How much short interest is there in Asana Inc?

A steep rise in short interest was recorded in Asana Inc stocks on 2024-11-15, growing by 0.12 million shares to a total of 8.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.55 million shares. There was a rise of 1.34%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on February 26, 2024 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.

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