Duolingo, Inc. (NASDAQ:DUOL) Looks Just Right With A 27% Price Jump
Those holding Duolingo, Inc. (NASDAQ:DUOL) shares would be relieved that the share price has rebounded 27% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Looking further back, the 20% rise over the last twelve months isn’t too bad notwithstanding the strength over the last 30 days.
Following the firm bounce in price, when almost half of the companies in the United States’ Consumer Services industry have price-to-sales ratios (or “P/S”) below 1.5x, you may consider Duolingo as a stock not worth researching with its 18x P/S ratio. However, the P/S might be quite high for a reason and it requires further investigation to determine if it’s justified.
