GitLab Inc. (NASDAQ:GTLB) went down by -7.57% from its latest closing price compared to the recent 1-year high of $137.00. The company’s stock price has collected -22.07% of loss in the last five trading sessions. Press Release reported on 11/15/21 that GitLab To Announce Third Quarter Fiscal 2022 Financial Results On December 6, 2021
Is It Worth Investing in GitLab Inc. (NASDAQ :GTLB) Right Now?
Opinions of the stock are interesting as 6 analysts out of 10 who provided ratings for GitLab Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $135.67, which is $40.88 above the current price. GTLB currently public float of 12.59M and currently shorts hold a 7.68% ratio of that float. Today, the average trading volume of GTLB was 1.07M shares.
GTLB’s Market Performance
The volatility ratio for the week stands at 8.05% while the volatility levels for the past 30 days are set at 7.44% for GitLab Inc.. The simple moving average for the period of the last 20 days is -19.42% for GTLB stocks with a simple moving average of -18.21% for the last 200 days.
Analysts’ Opinion of GTLB
Many brokerage firms have already submitted their reports for GTLB stocks, with UBS repeating the rating for GTLB by listing it as a “Buy.” The predicted price for GTLB in the upcoming period, according to UBS is $143 based on the research report published on November 08th of the current year 2021.
Truist, on the other hand, stated in their research note that they expect to see GTLB reach a price target of $175. The rating they have provided for GTLB stocks is “Buy” according to the report published on November 08th, 2021.
RBC Capital Mkts gave a rating of “Sector Perform” to GTLB, setting the target price at $140 in the report published on November 08th of the current year.
GTLB Trading at -18.21% from the 50-Day Moving Average
After a stumble in the market that brought GTLB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.81% of loss for the given period.
Volatility was left at 7.44%, however, over the last 30 days, the volatility rate increased by 8.05%, as shares sank -12.99% for the moving average over the last 20 days.
During the last 5 trading sessions, GTLB fell by -22.07%, in comparison to the 20-day moving average, which settled at $116.92. In addition, GitLab Inc. saw -8.76% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at GTLB starting from Technology Crossover Managemen, who purchase 325,000 shares at the price of $77.00 back on Oct 18. After this action, Technology Crossover Managemen now owns 325,000 shares of GitLab Inc., valued at $25,025,000 using the latest closing price.
Stock Fundamentals for GTLB
Current profitability levels for the company are sitting at:
- -140.55 for the present operating margin
- +87.87 for the gross margin
The net margin for GitLab Inc. stands at -126.30. The total capital return value is set at -88.37, while invested capital returns managed to touch -79.41.
The receivables turnover for the company is 4.72 and the total asset turnover is 0.40. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.59.