While Duolingo Inc has overperformed by 0.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DUOL rose by 101.39%, with highs and lows ranging from $251.30 to $121.89, whereas the simple moving average jumped by 32.15% in the last 200 days.
On March 11, 2024, JP Morgan started tracking Duolingo Inc (NASDAQ: DUOL) recommending Overweight. A report published by Seaport Research Partners on February 27, 2024, Initiated its previous ‘Buy’ rating for DUOL. Goldman also Downgraded DUOL shares as ‘Sell’, setting a target price of $160 on the company’s shares in a report dated January 19, 2024. BofA Securities Initiated an Neutral rating on October 19, 2023, and assigned a price target of $188. Barclays initiated its ‘Equal Weight’ rating for DUOL, as published in its report on October 09, 2023. UBS’s report from September 28, 2023 suggests a price prediction of $195 for DUOL shares, giving the stock a ‘Buy’ rating. Raymond James also rated the stock as ‘Mkt Perform’.
Analysis of Duolingo Inc (DUOL)
Further, the quarter-over-quarter increase in sales is 45.42%, showing a positive trend in the upcoming months.
Duolingo Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 2.68% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.24, 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.
The average volume for any stock is also a very valuable indicator of volatility, and DUOL has an average volume of 782.68K. On a monthly basis, the volatility of the stock is set at 4.78%, whereas on a weekly basis, it is put at 4.53%, with a gain of 10.23% over the past seven days. Furthermore, long-term investors anticipate a median target price of $252.19, showing growth from the present price of $248.84, 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?
Software – Application giant Duolingo Inc (DUOL) is based in the USA and is one of the largest companies in the market. 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 770.40, there is a growth in quarterly earnings of 171.66%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 15.93%. 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 76.93% 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 76.93% at present.
