The market fears that Duolingo will lose ground to AI and Google, and on top of that, their marketing executive left the company. That’s why the stock has already dropped 52% from its previous high. But don’t think it’s cheap..nope, at the current price it still has a P/E ratio of 65, so there’s room for more downside.
However, I see that it has reached a major support level, and volume is also increasing. I bought 80 shares at $280.
However, I see that it has reached a major support level, and volume is also increasing. I bought 80 shares at $280.
Catch the move before it happens - ft.wtf/subscribe
Join 2,000+ traders.
Join 2,000+ traders.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Catch the move before it happens - ft.wtf/subscribe
Join 2,000+ traders.
Join 2,000+ traders.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.