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 $11.25, up 3.73% from the previous day, and has decreased 42.2% in one year. It has underperformed other stocks in the Software - Application industry by 0.57 percentage points. Asana stock is currently +1.86% from its 52-week low of $11.05, and -52.01% from its 52-week high of $23.44.
At the moment, there are 228.16M shares of ASAN outstanding. The market value of ASAN is $2.57B. In the past 24 hours, 2.79M 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 8.79x, relative to Software - Application industry P/B ratio of 6.4x
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 $522.08M in cash and short term investments. This is enough to cover its annual cash burn of $19.93M.
- There are more short-term assets than short-term liabilities on the ASAN balance sheet.
- ASAN has cash burn of 19932000. It has sufficient cash and short-term investments to cover this for at least one year.
Failed Health Checks:
- ASAN profit margin has gone up by 0.17 percentage points in the past year, but the company is still unprofitable.
- ASAN has a relatively high debt to equity ratio of 2.24.
Is it a good time to buy Asana stock, according to Wall Street analysts?
Out of 16 Equities analysts who research ASAN, the consensus analyst rating on Asana is a Hold
Please note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent ASAN Analyst Recommendations
Taylor McGinnis, a bottom 7% analyst from UBS maintains ASAN with a hold rating and lowers their ASAN price target from $17.00 to $13.00, on Sep 4, 2024.
Ittai Kidron, a top 13% analyst from Oppenheimer maintains ASAN with a buy rating and lowers their ASAN price target from $23.00 to $20.00, on Sep 4, 2024.
Rishi Jaluria, a bottom 2% analyst from RBC Capital reiterates ASAN with a sell rating and maintains their ASAN price target from $10.00 to $10.00, on Sep 4, 2024.
Michael Funk, a bottom 9% analyst from Bank of America maintains ASAN with a strong buy rating and lowers their ASAN price target from $18.00 to $16.00, on Sep 4, 2024.
Rob Oliver, a top 15% analyst from Baird maintains ASAN with a hold rating and lowers their ASAN price target from $20.00 to $13.00, on Sep 4, 2024.
You can dive deeper into what analysts are saying on the Asana stock forecast page.
Metrics for Advanced ASAN Traders
ASAN Growth Numbers
Last year, ASAN revenue was $689.30M. During the past 4 year, ASAN's revenue has gone up by 39.64% per year. This was faster than the Software - Application industry average of 27.13%.
Dive into ASAN's earnings and revenue performance here.
Latest Insiders Trades at ASAN
Over the past year, executives and large shareholders at ASAN have bought more shares than they have sold.
Tim M. Wan, Chief Financial Officer of ASAN, was the latest ASAN insider to sell. They sold $76,500.00 worth of ASAN shares on Jul 26, 2024.
Get more info about who owns ASAN stock here.
Can I get consistent income from ASAN stock?
No, Asana doesn't provide an income stream by paying out dividends.
What do other traders have to say about ASAN?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your ASAN purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, use a limit order.
Hit the Open button and eToro will execute the order.
If you need additional help with buying stocks on eToro, click the helpful video below:
Step 6: Monitor your ASAN investment
Now that you own some shares in ASAN, you'll want to keep up with your company.
Start a watchlist to track the most important metrics related to 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 need a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep track of your new investment in Asana, click the button below.
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