The stock of Gitlab Inc (GTLB) has seen a 4.12% increase in the past week, with a -4.50% drop in the past month, and a -20.66% decrease in the past quarter. The volatility ratio for the week is 3.95%, and the volatility levels for the past 30 days are at 3.54% for GTLB. The simple moving average for the last 20 days is -0.23% for GTLB stock, with a simple moving average of 2.56% for the last 200 days.
Is It Worth Investing in Gitlab Inc (NASDAQ: GTLB) Right Now?
The 36-month beta value for GTLB is at 0.49. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GTLB is 112.33M, and currently, shorts hold a 3.64% of that float. The average trading volume for GTLB on April 24, 2024 was 2.77M shares.
GTLB) stock’s latest price update
Gitlab Inc (NASDAQ: GTLB)’s stock price has increased by 6.78 compared to its previous closing price of 52.52. However, the company has seen a 4.12% increase in its stock price over the last five trading sessions. MarketBeat reported 2024-04-19 that Having seen its shares rally almost 200% in the nine months before this past February, software company Gitlab Inc NASDAQ: GTLB was finally starting to break out of a multi-year range. Having chosen to IPO at the tail end of 2021, it was one of those tech stocks that initially soared but then collapsed into 2022.
Analysts’ Opinion of GTLB
Many brokerage firms have already submitted their reports for GTLB stocks, with Raymond James repeating the rating for GTLB by listing it as a “Outperform.” The predicted price for GTLB in the upcoming period, according to Raymond James is $70 based on the research report published on April 12, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see GTLB reach a price target of $70. The rating they have provided for GTLB stocks is “Overweight” according to the report published on April 09th, 2024.
CapitalOne gave a rating of “Overweight” to GTLB, setting the target price at $72 in the report published on March 22nd of the current year.
GTLB Trading at -9.03% 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 -28.59% of loss for the given period.
Volatility was left at 3.54%, however, over the last 30 days, the volatility rate increased by 3.95%, as shares sank -4.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.73% lower at present.
During the last 5 trading sessions, GTLB rose by +4.12%, which changed the moving average for the period of 200-days by +14.59% in comparison to the 20-day moving average, which settled at $56.08. In addition, Gitlab Inc saw -10.93% 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 Sijbrandij Sytse, who sale 56,000 shares at the price of $54.92 back on Apr 15 ’24. After this action, Sijbrandij Sytse now owns 0 shares of Gitlab Inc, valued at $3,075,458 using the latest closing price.
ROBINS BRIAN G, the Chief Financial Officer of Gitlab Inc, sale 60,000 shares at $56.08 during a trade that took place back on Apr 01 ’24, which means that ROBINS BRIAN G is holding 346,146 shares at $3,365,038 based on the most recent closing price.
Stock Fundamentals for GTLB
Current profitability levels for the company are sitting at:
- -0.32 for the present operating margin
- 0.9 for the gross margin
The net margin for Gitlab Inc stands at -0.73. The total capital return value is set at -0.28. Equity return is now at value -63.21, with -33.88 for asset returns.
Based on Gitlab Inc (GTLB), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 35040000.0. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 25.59.
Currently, EBITDA for the company is -170.75 million with net debt to EBITDA at 1.61. When we switch over and look at the enterprise to sales, we see a ratio of 14.28. The receivables turnover for the company is 3.48for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.89.
Conclusion
In conclusion, Gitlab Inc (GTLB) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
