While Duolingo Inc has overperformed by 3.20%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DUOL rose by 51.77%, with highs and lows ranging from $251.30 to $140.16, whereas the simple moving average jumped by 22.75% in the last 200 days.
On July 26, 2024, BofA Securities Upgraded Duolingo Inc (NASDAQ: DUOL) to Buy. A report published by Wolfe Research on July 16, 2024, Initiated its previous ‘Peer Perform’ rating for DUOL. JMP Securities also Upgraded DUOL shares as ‘Mkt Outperform’, setting a target price of $260 on the company’s shares in a report dated May 28, 2024. JP Morgan Initiated an Overweight rating on March 11, 2024, and assigned a price target of $270. Seaport Research Partners initiated its ‘Buy’ rating for DUOL, as published in its report on February 27, 2024. Goldman’s report from January 19, 2024 suggests a price prediction of $160 for DUOL shares, giving the stock a ‘Sell’ rating. BofA Securities also rated the stock as ‘Neutral’.
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Analysis of Duolingo Inc (DUOL)
Further, the quarter-over-quarter increase in sales is 40.59%, showing a positive trend in the upcoming months.
One of the most important indicators of Duolingo Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 9.72% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.28, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and DUOL is recording 625.22K average volume. On a monthly basis, the volatility of the stock is set at 3.56%, whereas on a weekly basis, it is put at 3.58%, with a gain of 12.12% over the past seven days. Furthermore, long-term investors anticipate a median target price of $236.88, showing decline from the present price of $250.23, which can serve as yet another indication of whether DUOL is worth investing in or should be passed over.
How Do You Analyze Duolingo Inc Shares?
The Software – Application market is dominated by Duolingo Inc (DUOL) based in the USA. When comparing Duolingo Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 180.53, there is a growth in quarterly earnings of 541.26%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 17.71%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 80.29% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DUOL shares are owned by institutional investors to the tune of 80.29% at present.
