DUOL is trading at a price to sales ratio of roughly 14. Duolingo is a prime example of one of the covid era IPO's and SPACs that trade on hype without any earnings or sign of profitability.
The technicals suggest more downside. I see a break below 93.5 support leading to a retest of current ATL at around 60.3, ultimately leading to another leg lower creating a new low at 50-45 a share.
This is not trading advice. These are just my thoughts on future price movement for DUOL.
