Duolingo Inc (NASDAQ:DUOL) shares, rose in value, with the stock price up by 3.64% to the previous day’s close as strong demand from buyers drove the stock to $222.66.
Actively observing the price movement in the last trading, the stock closed the session at $214.84. The PE ratio was 689.35 over 12-month period. Referring to stock’s 52-week performance, its high was $245.87, and the low was $116.82. On the whole, DUOL has fluctuated by 0.05% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 727.44M, with a low estimate of 163.58M and a high estimate of 167.54M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 165.64M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DUOL’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 20.10, with the price of DUOL currently trading nearly 5.03% and 5.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.59, while the 7-day volatility ratio is showing 5.57% which for the 30-day chart, stands at 4.53%. Furthermore, Duolingo Inc (DUOL)’s beta value is 0.84, and its average true range (ATR) is 11.08.
A comparison of Duolingo Inc (DUOL) with its peers suggests the former has fared considerably weaker in the market. DUOL showed an intraday change of 3.64% in last session, and over the past year, it grew by 63.00%%.
Data on historical trading for Duolingo Inc (NASDAQ:DUOL) indicates that the trading volumes over the past 3 months, they’ve averaged 759.25K. According to company’s latest data on outstanding shares, there are 36.31 million shares outstanding.
Nearly 15.93% of Duolingo Inc’s shares belong to company insiders and institutional investors own 77.03% of the company’s shares. The stock has fallen by -1.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DUOL stock heading into the next quarter.
