Why Asana Shares Are Trading Lower By 11%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Shares of Asana, Inc. ASAN fell sharply during Tuesday’s session following soft FY25 revenue guidance.

Asana reported quarterly losses of 4 cents per share which beat the analyst consensus estimate of losses of 10 cents by 60%. Quarterly sales came in at $171.1 million, beating the analyst consensus estimate of $167.676 million by 2.04%.

The company expects fiscal year 2025 adjusted losses of between 22 cents and 19 cents per share, versus the losses of 22 cents estimate and fiscal year revenues of between $716 million and $722 million, versus the $724.75 estimate.

Asana shares dipped 11% to $16.72 on Tuesday.

Here are some other stocks moving in today's mid-day session.

Gainers

• ClearOne, Inc. CLRO rose 168.4% to $2.4299. ClearOne announced a special one-time cash dividend of 50 cents per share.
• Regulus Therapeutics Inc. RGLS climbed 74.3% to $2.4050 after the company announced topline results from the second cohort of patients in its Phase 1b MAD study of RGLS8429 for the treatment of ADPKD. The company announced an oversubscribed $100 million private placement of equity.
• Assure Holdings Corp. IONM gained 49% to $0.4880. Assure Holdings entered into an agreement to sell certain of its assets to MPOWERHealth for up to $4.5 million.
• Ranpak Holdings Corp. PACK shares gained 40.1% to $6.12 after the company reported better-than-expected fourth-quarter revenue results and issued FY24 guidance. Also, Baird maintained an Outperform rating on the stock and raised its price target from $5 to $7.
• Singularity Future Technology Ltd. SGLY climbed 37.6% to $4.3321 after gaining over 6% on Monday.
• Li-Cycle Holdings Corp. LICY gained 27.4% to $0.5111 after the company entered an agreement to issue a senior secured convertible note in an aggregate principal amount of $75 million to an affiliate of Glencore.
• Nukkleus Inc. NUKK shares rose 22.5% to $1.41 after surging over 43% on Monday.
• ATRenew Inc. RERE gained 17.7% to $1.4003 after the company reported fourth-quarter results and announced a $20 million share repurchase program.
• Lucas GC Limited LGCL climbed 17.4% to $3.5099.
• The Beachbody Company, Inc. BODI gained 16.7% to $10.60 after the company reported better-than-expected fourth-quarter revenue results and issued first-quarter revenue guidance.
• Assertio Holdings, Inc. ASRT rose 15.6% to $1.08 following fourth-quarter earnings.
• Kanzhun Limited BZ gained 14.8% to $20.10 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance above estimates. The company approved a $200 million share buyback.
• Heritage Insurance Holdings, Inc. HRTG shares gained 13.4% to $8.11 following better-than-expected fourth-quarter results.
• Datasea Inc. DTSS gained 13.3% to $9.12.
• Mission Produce, Inc. AVO surged 12% to $11.98 following upbeat quarterly results.
• Talkspace, Inc. TALK jumped 11.3% to $3.25.
• Bioventus Inc. BVS gained 11.2% to $5.91 after the company reported better-than-expected fourth-quarter financial results and issued FY24 net sales guidance above estimates.
• Bowman Consulting Group Ltd. BWMN gained 11% to $37.33 following strong quarterly results.
• Oracle Corporation ORCL rose 10.5% to $126.09 after the company reported upbeat earnings for its fiscal third quarter.
• Archer-Daniels-Midland Company ADM jumped 5% to $57.63 after the company reported fourth-quarter financial results and issued FY24 guidance. Also, the company authorized the purchase an additional $2 billion of shares under its existing share repurchase program.
• MINISO Group Holding Limited MNSO shares gained 3% to $18.45 after posting stronger-than-expected quarterly earnings.

Losers

• BYND Cannasoft Enterprises Inc. BCAN shares fell 71.5% to $0.0285 after the company announced pricing of $7.0 million underwritten public offering.
• Simpple Ltd. SPPL dipped 40.4% to $3.38.
• Blade Air Mobility, Inc.. BLDE fell 30.2% to $2.7850 after the company reported worse-than-expected fourth-quarter revenue results and issued FY24 revenue guidance below estimates.
• Lexaria Bioscience Corp. LEXX dipped 29.9% to $4.3787.
• Jeffs' Brands Ltd JFBR fell 29% to $0.4412.
• NRx Pharmaceuticals, Inc. NRXP fell 28.3% to $0.48. NRx Pharmaceuticals initiated a strategy to combat short sellers in the company's stock.
• Vincerx Pharma, Inc. VINC fell 26.6% to $5.92.
• Solidion Technology Inc. STI fell 25.2% to $1.3093 after jumping 124% on Monday.
• Caribou Biosciences, Inc. CRBU fell 24.6% to $5.44 after the company reported worse-than-expected fourth-quarter financial results.
• Renalytix Plc RNLX fell 23.3% to $0.8732 after gaining around 5% on Monday. Renalytix recently received an unsolicited acquisition approach from a large, publicly-listed strategic diagnostics company and is evaluating an acquisition of the entire issued, and to be issued, the share capital of the company.
• Nauticus Robotics, Inc. KITT dipped 23% to $0.1820.
• Presto Automation Inc. PRST declined 22.7% to $0.2002.
• Psyence Biomedical Ltd. PBM fell 21.4% to $1.3900.
• Canoo Inc. GOEV declined 21.4% to $1.41.
• SolarMax Technology, Inc. SMXT declined 18.6% to $7.08.
• Geron Corporation GERN fell 17.5% to $1.7650 after FDA staff reviewers reportedly said treatment with the company's anemia drug Imetelstat is associated with risks that might be considered substantial.
• Aeva Technologies, Inc. AEVA dipped 16.7% to $1.0827.
• ACADIA Pharmaceuticals Inc ACAD fell 15.8% to $20.31 after the company reported the Phase 3 ADVANCE-2 trial evaluating pimavanserin for the treatment of negative symptoms of schizophrenia did not meet the primary endpoint.
• Finch Therapeutics Group, Inc. FNCH dipped 14.9% to $2.91 after jumping over 36% on Monday.
• Southwest Airlines Co. LUV fell 14.5% to $28.88. Southwest Airlines said it sees first quarter 2024 RASM to be flat to up 2%, significantly lower than the prior estimate of up 2.5% to 4.5%.
• CytomX Therapeutics, Inc. CTMX shares dipped 14.3% to $2.14 following fourth-quarter results.
• On Holding AG ONON fell 13.7% to $29.01 after the company reported worse-than-expected quarterly financial results.
• ESGL Holdings Limited ESGL fell 13.4% to $0.5610.
• Safe and Green Development Corporation SGD declined 11.6% to $1.0250 after falling over 6% on Monday.
• Kidpik Corp. PIK shares tumbled 11.1% to $4.3314 after surging 80% on Monday.
• Janux Therapeutics, Inc. JANX declined 8.2% to $36.70.
• Enphase Energy, Inc. ENPH fell 5.7% to $121.41.
• Ocular Therapeutix, Inc. OCUL shares fell 4.9% to $9.26 after the company reported worse-than-expected fourth-quarter financial results.

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