As tech related stocks break out higher, DUOL is another one not followed by many that needs to be watched.
While the company is yet to put in a profitable year, its revenue has grown from 71mn in 2019 to 369mn in 2022. GP margins remain very strong but NI is yet to turn positive.
Its total cash position has grown from 60mn in 2018 to 608mn in 2022, giving the company ample cash for expansion.
Current ratio is around 3.64 as of Dec 2022.
Very limited long term debt.
Cash per share is $15.63
Technically, the stock remains in a well established stage 2 uptrend where good pull backs on low volume could be considered as buying opportunities.
With the company expected to grow its revenue by another 37% this year and its losses to shrink further and put the company closer towards profitability, DOUL continues to be a solid growth stock.
While the company is yet to put in a profitable year, its revenue has grown from 71mn in 2019 to 369mn in 2022. GP margins remain very strong but NI is yet to turn positive.
Its total cash position has grown from 60mn in 2018 to 608mn in 2022, giving the company ample cash for expansion.
Current ratio is around 3.64 as of Dec 2022.
Very limited long term debt.
Cash per share is $15.63
Technically, the stock remains in a well established stage 2 uptrend where good pull backs on low volume could be considered as buying opportunities.
With the company expected to grow its revenue by another 37% this year and its losses to shrink further and put the company closer towards profitability, DOUL continues to be a solid growth stock.