Asana is a growth machine, but it's burning money at an unsustainable rate, and that could be the company's downfall.
Asana (ASAN -2.40%) exemplified a lot of the run-up in growth stocks during the pandemic, but now that tech companies have shifted to lowering costs and improving profits, the company has to respond. In this video, Travis Hoium highlights what he's looking for in earnings and how Asana can get back in investors' good graces again.
*Stock prices used were end-of-day prices of May 2, 2023. The video was published on May 3, 2023.
Travis Hoium has positions in Asana. The Motley Fool has positions in and recommends Asana. The Motley Fool has a disclosure policy.
Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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