Four software stocks with plunging share prices rebound as revenue grows over 18%
DUOL Duolingo Inc
$142.11 +0.25%
View chart & analysis → 
- 1Duolingo, Monday.com, Unity, and GitLab saw recent quarterly revenue increase by at least 18% year-over-year
- 2All four stocks rose at least 38% over the past six months as of October 16, with GitLab surging 145%
- 3Duolingo trades at 17 times earnings and Monday.com at 38.3 times earnings, with short interest at approximately 18% and 16% respectively
So what's the key point?
Four software companies that experienced significant drops are seeing stock price rebounds alongside steady revenue growth. While Duolingo and Monday.com are still trading at low valuations, there is a high level of short selling on these stocks.
Source The Motley Fool +1 · View original ↗
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