Slack has been a middling story since its vaunted Direct Listing in July 2019, after 10 years of existence.
The stock was listed initially at $26, rose to $42 immediately and has sold off since, given that growth has been slowing down and operations continue to be cash flow negative.
Despite the 28 P/S multiple, the stock seems posed for a run towards its earnings. It has recently broken out of a strong resistance at $30, which had been targeted multiple times.
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