The stock of GitLab Inc. (GTLB) has seen a -8.80% decrease in the past week, with a 11.81% gain in the past month, and a -6.15% decrease in the past quarter. The volatility ratio for the week is 3.31%, and the volatility levels for the past 30 days are at 4.47% for GTLB. The simple moving average for the last 20 days is 0.02% for GTLB stock, with a simple moving average of 11.45% for the last 200 days.
Is It Worth Investing in GitLab Inc. (NASDAQ: GTLB) Right Now?
Additionally, the 36-month beta value for GTLB is 0.17. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 3 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for GTLB is $61.06, which is $13.84 above the current price. The public float for GTLB is 97.70M and currently, short sellers hold a 7.75% ratio of that float. The average trading volume of GTLB on September 19, 2023 was 1.93M shares.
GTLB) stock’s latest price update
The stock price of GitLab Inc. (NASDAQ: GTLB) has plunged by -1.45 when compared to previous closing price of 48.80, but the company has seen a -8.80% decline in its stock price over the last five trading sessions. MarketBeat reported 2023-09-11 that The earnings action has quieted down, but the analysts’ activity remains hot. The activity in the 1st week of September is driven by a handful of small tech names with 1 thing in common: exposure to the blossoming AI-powered client-service industry.
Analysts’ Opinion of GTLB
Many brokerage firms have already submitted their reports for GTLB stocks, with Canaccord Genuity repeating the rating for GTLB by listing it as a “Buy.” The predicted price for GTLB in the upcoming period, according to Canaccord Genuity is $62 based on the research report published on September 12, 2023 of the current year 2023.
GTLB Trading at -0.41% 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 -18.07% of loss for the given period.
Volatility was left at 4.47%, however, over the last 30 days, the volatility rate increased by 3.31%, as shares surge +8.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.74% lower at present.
During the last 5 trading sessions, GTLB fell by -8.80%, which changed the moving average for the period of 200-days by +25.27% in comparison to the 20-day moving average, which settled at $48.27. In addition, GitLab Inc. saw 5.83% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GTLB starting from Jacobson Matthew, who sale 81,876 shares at the price of $51.31 back on Sep 13. After this action, Jacobson Matthew now owns 1,298,646 shares of GitLab Inc., valued at $4,200,943 using the latest closing price.
ICONIQ Strategic Partners III, the 10% Owner of GitLab Inc., sale 42,294 shares at $51.31 during a trade that took place back on Sep 13, which means that ICONIQ Strategic Partners III, is holding 1,387,619 shares at $2,170,046 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. The total capital return value is set at -26.09, while invested capital returns managed to touch -22.29. Equity return is now at value -24.60, with -16.30 for asset returns.
Based on GitLab Inc. (GTLB), the company’s capital structure generated 0.15 points at debt to equity in total, while total debt to capital is 0.15. Total debt to assets is 0.10, with long-term debt to equity ratio resting at 0.05. Finally, the long-term debt to capital ratio is 0.05.
When we switch over and look at the enterprise to sales, we see a ratio of 13.15, with the company’s debt to enterprise value settled at 0.00. The receivables turnover for the company is 4.01 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
In conclusion, GitLab Inc. (GTLB) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
