Stocks of Duolingo Inc (NASDAQ:DUOL) traded higher last session on Wall Street, up 0.87% to $323.14.
DUOL stock price is now -2.57% away from the 50-day moving average and 32.08% away from the 200-day moving average. The market capitalization of the company currently stands at $14.21B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $370 to $385, Needham maintained Buy rating for Duolingo Inc (NASDAQ: DUOL). On December 11, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $355 to quote $375, while ‘Scotiabank’ rates the stock as ‘Sector Outperform’
In other news, Hacker Severin, Chief Tech Officer, Co-Founder sold 10,000 shares of the company’s stock on Jan 06 ’25. The stock was sold for $3,362,318 at an average price of $336.23. Upon completion of the transaction, the Chief Tech Officer, Co-Founder now directly owns 72 shares in the company, valued at $23266.08. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’25, Chief Financial Officer Skaruppa Matthew sold 5,000 shares of the business’s stock. A total of $1,622,408 was realized by selling the stock at an average price of $324.48. This leaves the insider owning 67,730 shares of the company worth $21.89 million. A total of 18.61% of the company’s stock is owned by insiders.
During the past 12 months, Duolingo Inc has had a low of $145.05 and a high of $378.48. As of last week, the company has a debt-to-equity ratio of 0.07, a current ratio of 3.09, and a quick ratio of 3.09. The fifty day moving average price for DUOL is $331.0451 and a two-hundred day moving average price translates $244.20438 for the stock.
The latest earnings results from Duolingo Inc (NASDAQ: DUOL) was released for 2024-09-30. The net profit margin was 12.59% and return on equity was 12.08% for DUOL. The company reported revenue of $192.59 million for the quarter, compared to $137.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 39.94 percent.
