|Bid||119.49 x 1400|
|Ask||120.24 x 1300|
|Day's Range||112.50 - 120.54|
|52 Week Range||20.57 - 124.85|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Flying on the headwind of remote work and increasingly important online work management, Asana (NYSE: ASAN) has been doing great in 2021, almost tripling up before the latest earnings caused a parabolic rally. In the wake of these events, we will look at the numbers and examine the current cash burn of this exciting yet unprofitable company.
Shares of Asana (NYSE: ASAN) surged as much as 9.7% higher Monday, though the stock closed out the trading session up by only 3.9%. Jefferies Financial Group analyst Brent Thill raised the investment bank's price target on Asana to $115 from $90 this week while maintaining a buy rating on the stock, according to a report by The Fly. In his note to clients, Thill pointed out that CEO and co-founder Dustin Moskovitz had purchased an additional 750,000 shares of Asana stock last week, bringing his total purchases over the past three months to $217 million or 3.6 million shares.
Stocks were mixed midday with the Dow Jones Industrial Average rallying more than 200 points as it tries to halt a five-day losing streak.