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Duolingo shares slide after KeyBanc downgrades due to valuation concerns

Jul. 11, 2022 7:49 AM ETDuolingo, Inc. (DUOL)By: SA News Team1 Comment

Duolingo, Vocabulary, Dictionary and other Apps on iPhone screen


Duolingo (NASDAQ:DUOL) shares fell sharply in premarket trading on Monday as KeyBanc analyst Justin Patterson advised clients that shares are fully valued.

Patterson advised that consumer spending trends are likely to moderate amid elevated macroeconomic pressures, with earnings revisions

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Comments (1)

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DUOL is a real head scratcher. In 2022 it is going to lose about $1.80. In 2023 it will lose about $1.20. Assuming it flips to a profit in 2024 of say, $1.20, it would be worth about 15 times earnings or about $18.00 a share. It looks like somebody is using a bot on the stock. It bumps up the bid penny by penny until it finds supply. The shares drop a little and the bot starts again. Always on the bid side, never on the offer.
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