Duolingo Inc [DUOL] stock is trading at $234.00, up 3.00%. An important factor to consider is whether the stock is rising or falling in short-term value. The DUOL shares have gain 3.74% over the last week, with a monthly amount glided 29.98%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, Duolingo Reports 65% DAU Growth, 45% Revenue Growth and Record Profitability in Fourth Quarter 2023. In a post published today on Yahoo Finance, Duolingo, Inc. (NASDAQ: DUOL), the world’s leading mobile learning platform, announced results for the fourth quarter and full year ended December 31, 2023 in a shareholder letter that is posted at investors.duolingo.com.
From an analyst’s perspective:
Duolingo Inc [NASDAQ: DUOL] stock has seen the most recent analyst activity on March 11, 2024, when JP Morgan initiated its Overweight rating and assigned the stock a price target of $270. Previously, Seaport Research Partners started tracking the stock with Buy rating on February 27, 2024, and set its price target to $222. On January 19, 2024, downgrade downgraded it’s rating to Sell but maintained its price target of $160 on the stock. UBS started tracking with a Buy rating for this stock on September 28, 2023, and assigned it a price target of $195.
Duolingo Inc [DUOL] stock has fluctuated between $116.82 and $245.87 over the past year. Currently, Wall Street analysts expect the stock to reach $118.63 within the next 12 months. Duolingo Inc [NASDAQ: DUOL] shares were valued at $234.00 at the most recent close of the market. An investor can expect a potential drop of -49.3% based on the average DUOL price forecast.
Analyzing the DUOL fundamentals
Duolingo Inc [NASDAQ:DUOL] reported sales of 531.11M for the trailing twelve months, which represents a growth of 45.42%. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 227.38 points at the first support level, and at 220.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 240.29, and for the 2nd resistance point, it is at 246.58.
Duolingo Inc [DUOL] reported earnings per share of $0.26 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of $0.09 and a surprise factor of 52.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.06 per share as compared to estimates of -$0.11 per share, a difference of $0.17 representing a surprise of 154.50%.
Ratios To Look Out For
For context, Duolingo Inc’s Current Ratio is 3.24. On the other hand, the Quick Ratio is 3.24, and the Cash Ratio is 2.7. Considering the valuation of this stock, the price to sales ratio is 18.89, the price to book ratio is 15.18 and price to earnings (TTM) ratio is 724.46.
Transactions by insiders
Recent insider trading involved von Ahn Luis, President & CEO, Co-Founder, that happened on Mar 11 ’24 when 22023.0 shares were sold. President & CEO, Co-Founder, von Ahn Luis completed a deal on Mar 08 ’24 to sell 18004.0 shares. Meanwhile, President & CEO, Co-Founder von Ahn Luis sold 100.0 shares on Mar 07 ’24.
