How to Buy Duolingo Stock
Duolingo Inc
Duolingo, Inc. develops a language-learning website and mobile app in the United States and China.
Duolingo stock last closed at $214.84, down 0.71% from the previous day, and has increased 53.46% in one year. It has overperformed other stocks in the Software - Application industry by 0.26 percentage points. Duolingo stock is currently +83.91% from its 52-week low of $116.82, and -12.62% from its 52-week high of $245.87.
As of Apr 25, 2024, there are 42.88M shares of DUOL outstanding. The market capitalization of DUOL is $9.21B. In the last 24 hours, 480,561 DUOL shares were traded.
How to Buy Duolingo Stock
Not sure how to invest in Duolingo stock? Here's how.
- Figure out where to buy Duolingo stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you choose where to buy Duolingo stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Choose your payment method and add your info.
- Research Duolingo stock: The Duolingo ticker symbol is DUOL. Is Duolingo stock a good investment? Should you buy shares of DUOL? How do DUOL's underlying business fundamentals look? Do top analysts think Duolingo is a good buy? Why has DUOL's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if DUOL is a good stock to buy).
- Make your DUOL trade: Decide if you will purchase DUOL shares at the current market price or use a limit order to buy DUOL shares at a given price.
- Get updates on your DUOL investment: Create a watchlist to monitor your position in Duolingo shares.
Step 1: Figure out where to buy Duolingo stock
You need an online brokerage account in order to access the NASDAQ market and buy DUOL shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best brokerage. eToro gives you:
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- Social investing: eToro boasts a community of more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
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Get $10 towards your stock purchase by opening an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, you need to fill out some personal info so you can invest in DUOL stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open your new trading account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have finished signing up on app for stock, you need to deposit funds:
Check out this video walkthrough if you need help transferring funds into your new investment account.
Step 4: Research Duolingo stock
After you have identified the best place to buy Duolingo stock, it's important to evaluate their stock prior to buying, so you actually comprehend the risk and upside.
Duolingo shares at a glance
DUOL Overview
WallStreetZen was designed to help everyday investors do better fundamental analysis quickly.
You can view all of the due diligence checks on DUOL's stock page.
What is the fair value of DUOL stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge DUOL's true value.
Using relative valuations ratios:
- DUOL could be overvalued based on its P/E ratio of 550.87x, relative to Software - Application industry P/E ratio of 101.91x
- DUOL may be overvalued based on its P/B ratio of 14.05x, relative to Software - Application industry P/B ratio of 6.49x
You can access more valuation research on DUOL's stock here.
A quick look at DUOL Financials
Passed Health Checks:
- DUOL's operating cash flow of $153.61M allows it to safely service it's debt of $21.09M.
- There are more short-term assets than long-term liabilities on the DUOL balance sheet.
- DUOL earnings of $17.78M is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the DUOL balance sheet.
- DUOL profit margin has gone up from -16.1% to 3% in the past year.
Failed Health Checks:
- DUOL has a relatively high debt to equity ratio of 0.46.
Is Duolingo stock a Buy, Hold, or Sell, according to analysts?
Out of 7 Equities analysts who research DUOL, the consensus analyst rating on DUOL is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent DUOL Analyst Forecasts
Chris Kuntarich, a top 37% analyst from UBS maintains DUOL with a strong buy rating and raises their DUOL price target from $230.00 to $275.00, on Feb 29, 2024.
Arvind Ramnani, a bottom 1% analyst from Piper Sandler maintains DUOL with a strong buy rating and raises their DUOL price target from $217.00 to $282.00, on Feb 29, 2024.
You can dig deeper into what analysts are forecasting on the Duolingo stock forecast page.
How is DUOL performing as a company?
Last year, DUOL revenue was $531.11M. Over the past 4 year, DUOL's revenue has grown by 65.52% per year. This was faster than the Software - Application industry average of 27.57%.
Dig into DUOL's earnings and revenue performance here.
Are DUOL executives and large shareholders buying or selling the stock?
In the last year, executives and large shareholders at DUOL have sold more shares than they have bought.
Natalie Glance, Chief Engineering Officer of DUOL, was the latest DUOL insider to sell. They sold $323,025.00 worth of DUOL stock on Apr 8, 2024.
Dig into more about who owns DUOL stock here.
Does DUOL provide a stable income stream?
No, Duolingo doesn't provide an income stream by paying out dividends.
What do other traders have to say about DUOL?
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your DUOL trade
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price limit, use a limit order.
Hit the Open button and your broker will place your order.
If you require additional assistance buying stocks on eToro, click the how to video below:
Step 6: Get updates on your DUOL investment
Now that you own some shares in DUOL, you'll want to keep up with your new shares.
Make a watchlist to keep tabs on your DUOL stock.
DUOL Feed
How to Buy Stock in Duolingo
To summarize, here are the 6 steps to buy Duolingo stock:
- Figure out where to buy Duolingo stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Research Duolingo stock
- Make your DUOL trade
- Get updates on your DUOL investment
If you need a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest news on your investment in Duolingo, add DUOL to your watchlist by clicking the button below.
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