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Last updated: 9/09/2020.
Since hitting $40 in June of this year, Slack ($WORK) has fallen 38% and is close to giving up all its 2020 gains.
What’s its chart telling us?
- Price is testing support at $25. A move below $25, and the next support zone is b/w $20-$22. This zone is where the stock found a bottom after its IPO in June 2019.
- What we're looking for: Evidence (price action) that buyers are stepping up in the $20-$22 zone.
|What They do
||San Francisco, CA
||June 20, 2019
|# of Employees
||1,664 (as of 2019)
||TTM, $ in millions
|Net Income Margin
|Free Cash Flow
|Free Cash Flow Margin
|Return on Assets
|Return on Invested Capital (ROIC)
|Return on Equity
Note: For comparison, Zoom's ($ZM) forward price/revenue multiple sits at 34.9x.
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