GitLab Inc. (NASDAQ:GTLB) went up by 10.55% from its latest closing price compared to the recent 1-year high of $137.00. The company’s stock price has collected 10.64% of gains in the last five trading sessions. Barron’s reported on 06/07/22 that GitLab Beats Earnings Estimates. Analysts Praise Its Continued Strong Performance.
Is It Worth Investing in GitLab Inc. (NASDAQ :GTLB) Right Now?
Opinions of the stock are interesting as 9 analysts out of 10 who provided ratings for GitLab Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $66.67, which is $13.74 above the current price. GTLB currently public float of 53.63M and currently shorts hold a 10.81% ratio of that float. Today, the average trading volume of GTLB was 1.79M shares.
GTLB’s Market Performance
GTLB stocks went up by 10.64% for the week, with a monthly jump of 39.73% and a quarterly performance of -2.33%. The volatility ratio for the week stands at 9.87% while the volatility levels for the past 30 days are set at 11.14% for GitLab Inc. The simple moving average for the period of the last 20 days is 21.48% for GTLB stocks with a simple moving average of -23.01% for the last 200 days.
Analysts’ Opinion of GTLB
Many brokerage firms have already submitted their reports for GTLB stocks, with Scotiabank repeating the rating for GTLB by listing it as a “Sector Outperform.” The predicted price for GTLB in the upcoming period, according to Scotiabank is $62 based on the research report published on June 09th of the current year 2022.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see GTLB reach a price target of $90. The rating they have provided for GTLB stocks is “Outperform” according to the report published on February 04th, 2022.
JP Morgan gave a rating of “Overweight” to GTLB, setting the target price at $99 in the report published on January 27th of the current year.
GTLB Trading at 18.03% 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 -61.36% of loss for the given period.
Volatility was left at 11.14%, however, over the last 30 days, the volatility rate increased by 9.87%, as shares surge +51.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.20% upper at present.
During the last 5 trading sessions, GTLB rose by +10.64%, in comparison to the 20-day moving average, which settled at $44.47. In addition, GitLab Inc. saw -39.16% 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 GV 2021 GP, L.L.C., who purchase 13,528 shares at the price of $33.72 back on May 24. After this action, GV 2021 GP, L.L.C. now owns 593,402 shares of GitLab Inc., valued at $456,149 using the latest closing price.
GV 2021 GP, L.L.C., the Member of 10% Group of GitLab Inc., purchase 76,136 shares at $34.71 during a trade that took place back on May 11, which means that GV 2021 GP, L.L.C. is holding 555,831 shares at $2,642,642 based on the most recent closing price.
Stock Fundamentals for GTLB
Current profitability levels for the company are sitting at:
- -50.84 for the present operating margin
- +88.00 for the gross margin
The net margin for GitLab Inc. stands at -61.40. Equity return is now at value -29.70, with -17.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 4.25.