Duolingo Inc (NASDAQ: DUOL) Stock In Prove Me State

Duolingo Inc (DUOL) concluded trading on Thursday at a closing price of $200.58, with 3.52 million shares of worth about $706.7 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.91% during that period and on May 09, 2024 the price saw a loss of about -18.01%. Currently the company’s common shares owned by public are about 36.31M shares, out of which, 36.04M shares are available for trading.

Stock saw a price change of -12.37% in past 5 days and over the past one month there was a price change of -7.94%. Year-to-date (YTD), DUOL shares are showing a performance of -11.58% which increased to 49.35% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $121.89 but also hit the highest price of $251.30 during that period. The average intraday trading volume for Duolingo Inc shares is 798.60K. The stock is currently trading -8.61% below its 20-day simple moving average (SMA20), while that difference is down -9.12% for SMA50 and it goes to 5.97% higher than SMA200.

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Duolingo Inc (NASDAQ: DUOL) currently have 36.31M outstanding shares and institutions hold larger chunk of about 77.00% of that.

The stock has a current market capitalization of $8.60B and its 3Y-monthly beta is at 0.82. PE ratio of stock for trailing 12 months is 209.68, while it has posted earnings per share of $0.96 in the same period. Its PEG reads 6.11 and has Quick Ratio of 3.24 while making debt-to-equity ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DUOL, volatility over the week remained 4.42% while standing at 5.07% over the month.

Stock’s fiscal year EPS is expected to rise by 335.53% while it is estimated to increase by 62.81% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on March 11, 2024 offering an Overweight rating for the stock and assigned a target price of $270 to it. Coverage by Seaport Research Partners stated Duolingo Inc (DUOL) stock as a Buy in their note to investors on February 27, 2024, suggesting a price target of $222 for the stock. On January 19, 2024, Goldman Downgrade their recommendations, while on October 19, 2023, BofA Securities Resumed their ratings for the stock with a price target of $188. Stock get an Equal weight rating from Barclays on October 09, 2023.

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