Gitlab Inc (NASDAQ: GTLB)’s stock price has gone decline by -2.10 in comparison to its previous close of 55.21, however, the company has experienced a 3.01% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-01 that GitLab Inc. (GTLB) concluded the recent trading session at $53.36, signifying a +1.7% move from its prior day’s close.
Is It Worth Investing in Gitlab Inc (NASDAQ: GTLB) Right Now?
The 36-month beta value for GTLB is also noteworthy at 0.51. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for GTLB is 105.61M, and at present, short sellers hold a 3.84% of that float. The average trading volume of GTLB on May 07, 2024 was 2.67M shares.
GTLB’s Market Performance
GTLB stock saw a decrease of 3.01% in the past week, with a monthly decline of -7.76% and a quarterly a decrease of -23.82%. The volatility ratio for the week is 4.11%, and the volatility levels for the last 30 days are 3.79% for Gitlab Inc (GTLB). The simple moving average for the past 20 days is -1.70% for GTLB’s stock, with a -1.43% simple moving average for the past 200 days.
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 -7.13% 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 -31.17% of loss for the given period.
Volatility was left at 3.79%, however, over the last 30 days, the volatility rate increased by 4.11%, as shares sank -9.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.43% lower at present.
During the last 5 trading sessions, GTLB rose by +2.41%, which changed the moving average for the period of 200-days by +7.47% in comparison to the 20-day moving average, which settled at $54.70. In addition, Gitlab Inc saw -14.15% 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 ROBINS BRIAN G, who sale 30,000 shares at the price of $53.27 back on May 01 ’24. After this action, ROBINS BRIAN G now owns 316,146 shares of Gitlab Inc, valued at $1,598,085 using the latest closing price.
Sijbrandij Sytse, the Chief Executive Officer of Gitlab Inc, sale 56,000 shares at $54.92 during a trade that took place back on Apr 15 ’24, which means that Sijbrandij Sytse is holding 0 shares at $3,075,458 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 13.83. 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 summary, Gitlab Inc (GTLB) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
