22-Nov-2024
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Duolingo to Announce Third Quarter 2024 Results on Wednesday, November 6, 2024
Globe Newswire (Wed, 9-Oct 4:04 PM ET)
Duolingo Introduces AI-Powered Innovations at Duocon 2024
Globe Newswire (Tue, 24-Sep 12:01 AM ET)
Duolingo Inc is a technology company that develops mobile learning platform to learn languages and is the top-grossing app in the Education category on both Google Play and the Apple App Store. Its products are powered by sophisticated data analytics and artificial intelligence and delivered with class art, animation, and design to make it easier for learners to stay motivated master new material, and achieve their learning goals. Its solutions include The Duolingo Language Learning App, Super Duolingo, Duolingo English Test: AI-Driven Language Assessment, Duolingo For Schools, Duolingo ABC, and Duolingo Math. It has three predominant sources of revenue; time-based subscriptions, in-app advertising placement by third parties, and the Duolingo English Test.
Duolingo - Class A trades on the NASDAQ stock market under the symbol DUOL.
As of November 22, 2024, DUOL stock price climbed to $351.97 with 543,060 million shares trading.
DUOL has a beta of 1.73, meaning it tends to be more sensitive to market movements. DUOL has a correlation of 0.13 to the broad based SPY ETF.
DUOL has a market cap of $15.48 billion. This is considered a Large Cap stock.
Last quarter Duolingo - Class A reported $193 million in Revenue and $.49 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.14.
In the last 3 years, DUOL traded as high as $352.39 and as low as $60.50.
The top ETF exchange traded funds that DUOL belongs to (by Net Assets): IJH, VTI, VB, VXF, VBK.
DUOL has outperformed the market in the last year with a price return of +61.0% while the SPY ETF gained +32.4%. DUOL has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +68.7% and +7.7%, respectively, while the SPY returned +7.4% and -0.4%, respectively.
DUOL support price is $330.37 and resistance is $352.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DUOL shares will trade within this expected range on the day.