How to Buy Asana Stock
Asana Inc
Asana is a app company located in California, United States, which is part of the Technology sector, and is traded under the ticker ASAN on the NYSE exchange.
Asana stock last closed at $14.98, up 1.77% from the previous day, and has decreased 13.26% in one year. It has underperformed other stocks in the Software - Application industry by 0.37 percentage points. Asana stock is currently +12.29% from its 52-week low of $13.34, and -42.98% from its 52-week high of $26.27.
At the moment, there are 224.81M shares of ASAN outstanding. The market value of ASAN is $3.37B. In the past 24 hours, 1.94M ASAN shares were traded.
How to Buy Asana Stock
Not sure how to invest in Asana stock? Here's how.
- Figure out where to buy Asana stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you decide where to buy Asana stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Select your method of payment and add your information.
- Evaluate Asana stock: The Asana ticker symbol is ASAN. Is Asana stock a good investment? Should you buy shares of ASAN? How do ASAN's underlying business fundamentals look? Do top analysts think Asana is a good buy? Why has ASAN's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if ASAN is a good stock to buy).
- Execute your ASAN purchase: Decide if you will purchase ASAN shares at the current market price or use a limit order to buy ASAN shares at a particular price.
- Monitor your ASAN investment: Create a watchlist to track your investment in Asana shares.
Step 1: Figure out where to buy Asana stock
You need an online brokerage account in order to access the NYSE market and buy ASAN stock.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best place to buy stocks. Here's why:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to world markets: From Technology to Utilities, New York to Hong Kong — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro has a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the best brokerage, you need to fill out some personal details so you can invest in ASAN today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to open your new brokerage account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have created your account on a investment app, you need to deposit funds:
Check out this video walkthrough if you need help depositing funds into your new investment account.
Step 4: Evaluate Asana stock
After you have selected the best place to buy Asana stock, it's important to evaluate their stock before you buy, so you can comprehend the risk and upside.
Asana stock quick numbers
Asana Overview
WallStreetZen was created to help part-time investors perform better fundamental analysis quickly.
You can view all of the due diligence checks on ASAN's stock page.
Is ASAN stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge ASAN's intrinsic value.
Using relative valuations methods:
- ASAN may be overvalued based on its P/B ratio of 10.32x, relative to Software - Application industry P/B ratio of 6.53x
You can access additional valuation analysis on ASAN's stock here.
ASAN Financial Summary
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the ASAN balance sheet.
- ASAN has $519.46M in cash and short term investments. This is enough to cover its annual cash burn of $31.09M.
- There are more short-term assets than short-term liabilities on the ASAN balance sheet.
- ASAN has cash burn of 31092000. It has sufficient cash and short-term investments to cover this for at least one year.
- Total ASAN debt is lower than 5 years ago, relative to shareholder equity.
Failed Health Checks:
- ASAN profit margin has gone up by 0.35 percentage points in the past year, but the company is still unprofitable.
- ASAN has a relatively high debt to equity ratio of 1.95.
Is ASAN stock a Buy, Hold, or Sell, according to analysts?
Out of 10 sell side analysts who give ratings on ASAN, the consensus analyst rating on ASAN is a Hold
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent ASAN Analyst Upgrades/Downgrades
Josh Baer, a bottom 17% analyst from Morgan Stanley maintains ASAN with a hold rating and lowers their ASAN price target from $22.00 to $20.00, on Mar 12, 2024.
George Iwanyc, a bottom 8% analyst from Oppenheimer maintains ASAN with a buy rating and maintains their ASAN price target from $28.00 to $28.00, on Mar 12, 2024.
Stephen Bersey, a top 28% analyst from HSBC maintains ASAN with a sell rating and lowers their ASAN price target from $18.00 to $16.00, on Mar 12, 2024.
Brent A. Bracelin, a top 1% analyst from Piper Sandler reiterates ASAN with a strong sell rating and maintains their ASAN price target from $18.00 to $18.00, on Mar 12, 2024.
Michael Funk, a bottom 11% analyst from Bank of America initiates coverage on ASAN with a strong buy rating and announces their ASAN price target of $25.00, on Feb 26, 2024.
You can dive deeper into what analysts are forecasting on the Asana stock forecast page.
ASAN Momentum
ASAN Growth Metrics
Last year, ASAN revenue was $652.50M. In the past five year, ASAN's revenue has gone up by 53.42% per year. This was faster than the Software - Application industry average of 27.59%.
You can research ASAN's earnings and revenue performance here.
Latest Insiders Trades at ASAN
In the last year, executives and large shareholders at ASAN have bought more shares than they have sold.
Eleanor B. Lacey, GC CORPORATE SECRETARY of ASAN, was the latest ASAN insider to sell. They sold $39,510.38 worth of ASAN stock on Apr 1, 2024.
Dig into more about who owns ASAN shares here.
Does ASAN provide a stable income stream?
No, Asana doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your ASAN purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a given price, place a limit order.
Press the Open button and your broker will place your order.
If you require additional help buying stocks on eToro, watch the how to video below:
Step 6: Monitor your ASAN investment
Now that you own some ASAN stock, you'll want to keep up with your investment.
Add ASAN to a watchlist to see the latest developments about your ASAN stock.
ASAN Feed
How to Buy Stock in Asana
To reiterate, here are the 6 steps you need to take to buy Asana stock right now:
- Figure out where to buy Asana stock
- Create your brokerage account
- Put funds into your investment account
- Evaluate Asana stock
- Execute your ASAN purchase
- Monitor your ASAN investment
If you are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to monitor your new investment in Asana, create a watchlist today.
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