Asana Inc Stock Chance of Future Stock Price Finishing Under 14.05
| ASAN Stock | USD 15.15 0.27 1.75% |
Asana |
Asana Target Price Odds to finish below 14.05
The tendency of Asana Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 14.05 or more in 90 days |
| 15.15 | 90 days | 14.05 | about 86.69 |
Based on a normal probability distribution, the odds of Asana to drop to $ 14.05 or more in 90 days from now is about 86.69 (This Asana Inc probability density function shows the probability of Asana Stock to fall within a particular range of prices over 90 days) . Probability of Asana Inc price to stay between $ 14.05 and its current price of $15.15 at the end of the 90-day period is about 11.08 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.38 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Asana will likely underperform. Additionally Asana Inc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Asana Price Density |
| Price |
Predictive Modules for Asana
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Asana Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Asana Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Asana is not an exception. The market had few large corrections towards the Asana's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Asana Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Asana within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.17 | |
β | Beta against Dow Jones | 2.38 | |
σ | Overall volatility | 1.21 | |
Ir | Information ratio | -0.0003 |
Asana Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Asana for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Asana Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the previous year's revenue of 652.5 M. Net Loss for the year was (257.03 M) with profit before overhead, payroll, taxes, and interest of 618.06 M. | |
| Asana Inc currently holds about 238.91 M in cash with (17.93 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.25. | |
| Asana Inc has a poor financial position based on the latest SEC disclosures | |
| Roughly 42.0% of the company shares are held by company insiders | |
| Latest headline from seekingalpha.com: Asana inks strategic partnership with Datacom |
Asana Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Asana Stock often depends not only on the future outlook of the current and potential Asana's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Asana's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 220.4 M | |
| Cash And Short Term Investments | 519.5 M |
Asana Technical Analysis
Asana's future price can be derived by breaking down and analyzing its technical indicators over time. Asana Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Asana Inc. In general, you should focus on analyzing Asana Stock price patterns and their correlations with different microeconomic environments and drivers.
Asana Predictive Forecast Models
Asana's time-series forecasting models is one of many Asana's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Asana's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Asana Inc
Checking the ongoing alerts about Asana for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Asana Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the previous year's revenue of 652.5 M. Net Loss for the year was (257.03 M) with profit before overhead, payroll, taxes, and interest of 618.06 M. | |
| Asana Inc currently holds about 238.91 M in cash with (17.93 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.25. | |
| Asana Inc has a poor financial position based on the latest SEC disclosures | |
| Roughly 42.0% of the company shares are held by company insiders | |
| Latest headline from seekingalpha.com: Asana inks strategic partnership with Datacom |
Check out Asana Backtesting, Asana Valuation, Asana Correlation, Asana Hype Analysis, Asana Volatility, Asana History as well as Asana Performance. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Systems Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Asana. If investors know Asana will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Asana listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.15) | Revenue Per Share 3.053 | Quarterly Revenue Growth 0.103 | Return On Assets (0.18) | Return On Equity (0.83) |
The market value of Asana Inc is measured differently than its book value, which is the value of Asana that is recorded on the company's balance sheet. Investors also form their own opinion of Asana's value that differs from its market value or its book value, called intrinsic value, which is Asana's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Asana's market value can be influenced by many factors that don't directly affect Asana's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Asana's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asana is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asana's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.