Duolingo Inc (NASDAQ:DUOL) Shares Are Up 69.42% From The Lows, But Can They Stay Up?

In last trading session, Duolingo Inc (NASDAQ:DUOL) saw 0.73 million shares changing hands with its beta currently measuring 0.67. Company’s recent per share price level of $211.65 trading at $3.71 or 1.78% at ring of the bell on the day assigns it a market valuation of $8.90B. That closing price of DUOL’s stock is at a discount of -5.36% from its 52-week high price of $223.00 and is indicating a premium of 69.42% from its 52-week low price of $64.73. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.33 million shares which gives us an average trading volume of 658.85K if we extend that period to 3-months.

For Duolingo Inc (DUOL), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.38. Splitting up the data highlights that, out of 13 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.14 in the current quarter.

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Duolingo Inc (NASDAQ:DUOL) trade information

Upright in the green during last session for gaining 1.78%, in the last five days DUOL remained trading in the green while hitting it’s week-highest on Tuesday, 11/14/23 when the stock touched $211.65 price level, adding 5.09% to its value on the day. Duolingo Inc’s shares saw a change of 197.55% in year-to-date performance and have moved 0.06% in past 5-day. Duolingo Inc (NASDAQ:DUOL) showed a performance of 38.37% in past 30-days. Number of shares sold short was 2.68 million shares which calculate 4.21 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $187.75 to the stock, which implies a fall of -12.73% to its current value. Analysts have been projecting $104.00 as a low price target for the stock while placing it at a high target of $230.00. It follows that stock’s current price would drop -8.67% in reaching the projected high whereas dropping to the targeted low would mean a gain of 50.86% for stock’s current value.

Duolingo Inc (DUOL) estimates and forecasts

Statistics highlight that Duolingo Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 40.77% of value to its shares in past 6 months, showing an annual growth rate of 116.56% while that of industry is 12.30. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 140.00% in the current quarter and calculating 316.70% increase in the next quarter. This year revenue growth is estimated to rise 42.80% from the last financial year’s standing.

12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $147.35 million for the same. And 11 analysts are in estimates of company making revenue of $158.37 million in the next quarter that will end on Mar 2024. Company posted $103.82 million and $112.95 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 41.90% while estimating it to be 40.20% for the next quarter.

In 2023, company’s earnings growth rate is likely to be around 111.92% while estimates for its earnings growth in next 5 years are of 43.00%.

DUOL Dividends

Duolingo Inc is more likely to be releasing its next quarterly report on November 08 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Duolingo Inc (NASDAQ:DUOL)’s Major holders

Insiders are in possession of 1.44% of company’s total shares while institution are holding 87.39 percent of that, with stock having share float percentage of 88.66%. Investors also watch the number of corporate investors in a company very closely, which is 87.39% institutions for Duolingo Inc that are currently holding shares of the company. Baillie Gifford and Company is the top institutional holder at DUOL for having 4.28 million shares of worth $611.08 million. And as of Jun 29, 2023, it was holding 12.09% of the company’s outstanding shares.

The second largest institutional holder is Durable Capital Partners Lp, which was holding about 4.16 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 11.75% of outstanding shares, having a total worth of $594.16 million.

On the other hand, Vanguard U.S. Growth Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of May 30, 2023, the former fund manager was holding 1.45 million shares of worth $216.65 million or 4.09% of the total outstanding shares. The later fund manager was in possession of 1.03 million shares on Jun 29, 2023, making its stake of worth around $147.91 million in the company or a holder of 2.93% of company’s stock.

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