Muy bien! Language learning site Duolingo continues to heat up. New customers are using its online learning programs for more than 40 languages. On Monday, the Relative Strength (RS) Rating for no. 1 ranked Duolingo stock shot up 13 points and moved up to a new percentile, as it got a lift from 62 to 75.
The raised 75 RS Rating means that Duolingo topped 75% of all stocks for price performance over the past year. The small-cap growth stock is rapidly moving toward a key benchmark.
Duolingo Stock Near High Water Mark
Duolingo stock is now just five points shy of an 80 RS Rating. Market research shows that the best stocks tend to have an 80 or higher RS Rating as they begin their largest runs. See if Duolingo can continue to show renewed price strength and hit that benchmark.
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Duolingo stock is trying to complete a consolidation with a 251.30 entry. See if the stock can clear the breakout price in heavy volume. It was down fractionally Monday afternoon, around 205.
The company offers free language lessons, which it tries to make fun as well as informative. It also offers a paid version that includes some perks that the free version doesn't.
Duolingo holds the No. 1 rank among its peers in the 21-stock Computer Software-Education industry group. Instructure Holdings and Spotify Technology are also among the group's highest-rated stocks.
Duolingo's earnings growth over the last four quarters ranged from 115% to more than 1,000% albeit in low dollar amounts. During that time frame revenue growth ranged from 43% to 45%. Last quarter Duolingo reported a 57-cent per share profit, reversing from a 6-cent loss the same period a year earlier. Revenue in its latest quarter popped 45% to $167.6 million.
Among Top 7% Overall
Among its other key ratings Duolingo boasts a 93 IBD Composite Rating, putting it among the top 7% of stocks overall. It has a sturdy 81 EPS Rating and its C+ Accumulation/Distribution Rating shows that big funds are buying more shares than selling.
Pittsburgh-based Duolingo holds the No. 1 rank among its peers in the 21-stock Computer Software-Education industry group. Instructure Holdings and Spotify Technology are also among the group's highest-rated stocks.
The exclusive Relative Strength from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
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