The stock of GitLab Inc. (GTLB) has gone up by 3.89% for the week, with a 9.61% rise in the past month and a -22.01% drop in the past quarter. The volatility ratio for the week is 5.04%, and the volatility levels for the past 30 days are 5.33% for GTLB. The simple moving average for the past 20 days is 10.13% for GTLB’s stock, with a -24.61% simple moving average for the past 200 days.
Is It Worth Investing in GitLab Inc. (NASDAQ: GTLB) Right Now?
Opinions on the stock are mixed, with 13 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The average price predicted for GitLab Inc. (GTLB) by analysts is $44.67, which is $11.69 above the current market price. The public float for GTLB is 90.00M, and at present, short sellers hold a 10.95% of that float. On May 25, 2023, the average trading volume of GTLB was 2.90M shares.
GTLB) stock’s latest price update
GitLab Inc. (NASDAQ: GTLB) has experienced a decline in its stock price by -1.04 compared to its previous closing price of 34.17. However, the company has seen a gain of 3.89% in its stock price over the last five trading days.
GTLB Trading at 3.79% 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 -52.35% of loss for the given period.
Volatility was left at 5.33%, however, over the last 30 days, the volatility rate increased by 5.04%, as shares surge +8.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.02% upper at present.
During the last 5 trading sessions, GTLB rose by +3.81%, which changed the moving average for the period of 200-days by -48.39% in comparison to the 20-day moving average, which settled at $30.83. In addition, GitLab Inc. saw -25.58% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GTLB starting from GV 2021 GP, L.L.C., who purchase 7,286 shares at the price of $26.98 back on May 05. After this action, GV 2021 GP, L.L.C. now owns 2,647,312 shares of GitLab Inc., valued at $196,584 using the latest closing price.
Brown Dale R, the Principal Accounting Officer of GitLab Inc., sale 894 shares at $27.05 during a trade that took place back on May 05, which means that Brown Dale R is holding 15,884 shares at $24,183 based on the most recent closing price.
Stock Fundamentals for GTLB
Current profitability levels for the company are sitting at:
- -49.96 for the present operating margin
- +87.75 for the gross margin
The net margin for GitLab Inc. stands at -40.61. Equity return is now at value -22.30, with -15.30 for asset returns.
The receivables turnover for the company is 4.09 and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.56.
Conclusion
To sum up, GitLab Inc. (GTLB) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
