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Should You Buy the Dip in Duolingo? By StockNews

by Mike Robinson

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© Reuters. Do You Need to Buy Duolingo Dip?

Despite Duolingo, an education company (DUOL), making a strong debut on the stock exchange in July 2021 it currently trades 22.1% lower than its previous high. Let’s find out if it is wise to buy in the dip in the stock now.Language app company Duolingo, Inc. (DUOL) made its stock market debut on July 28, 2021, and soared nearly 35%, opening at $102 per share. The company has over 40 million registered users, and approximately 500 million downloaded apps. However, the stock has lost 11.2% over the past month to close yesterday’s trading session at $142.49. The stock is trading at $142.49. It also trades 22.1% less than the $205 all-time peak, which it achieved on September 22nd 2021.

The company’s losses widened in the second quarter, and it is expected to continue reporting losses in the upcoming quarters. Its 12-month trailing net income margin, ROTC and ROA were negative in comparison to industry averages of 6.2%, 7.6% and 6.28%. So, DUOL’s near-term prospects look bleak.

Here’s what could shape DUOL’s performance in the upcoming months:

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