The stock has a 36-month beta value of 0.48. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GTLB is 116.73M, and at present, short sellers hold a 4.29% of that float. On August 06, 2024, the average trading volume of GTLB was 2.67M shares.
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GTLB) stock’s latest price update
Gitlab Inc (NASDAQ: GTLB)’s stock price has plunge by -10.56relation to previous closing price of 47.71. Nevertheless, the company has seen a -19.29% plunge in its stock price over the last five trading sessions. accesswire.com reported 2024-08-05 that NEW YORK, NY / ACCESSWIRE / August 5, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of GitLab Inc. (“GitLab”) (NASDAQ:GTLB) concerning possible violations of federal securities laws. On March 4, 2024, GitLab announced 4Q24 financial results that beat consensus estimates.
GTLB’s Market Performance
Gitlab Inc (GTLB) has seen a -19.29% fall in stock performance for the week, with a -18.85% decline in the past month and a -21.76% plunge in the past quarter. The volatility ratio for the week is 6.39%, and the volatility levels for the past 30 days are at 4.90% for GTLB. The simple moving average for the past 20 days is -17.61% for GTLB’s stock, with a -23.75% 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 -13.74% 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 -45.66% of loss for the given period.
Volatility was left at 4.90%, however, over the last 30 days, the volatility rate increased by 6.39%, as shares sank -19.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.71% lower at present.
During the last 5 trading sessions, GTLB fell by -19.29%, which changed the moving average for the period of 200-days by -11.80% in comparison to the 20-day moving average, which settled at $51.27. In addition, Gitlab Inc saw -32.23% 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 23,332 shares at the price of $49.24 back on Aug 01 ’24. After this action, ROBINS BRIAN G now owns 259,109 shares of Gitlab Inc, valued at $1,148,938 using the latest closing price.
BLASING KAREN, the Director of Gitlab Inc, sale 4,430 shares at $56.25 during a trade that took place back on Jul 17 ’24, which means that BLASING KAREN is holding 150,983 shares at $249,188 based on the most recent closing price.
Stock Fundamentals for GTLB
Current profitability levels for the company are sitting at:
- -0.29 for the present operating margin
- 0.9 for the gross margin
The net margin for Gitlab Inc stands at -0.69. The total capital return value is set at -0.28. Equity return is now at value -63.95, with -34.30 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 226.79. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -24.82.
Currently, EBITDA for the company is -172.88 million with net debt to EBITDA at 2.43. When we switch over and look at the enterprise to sales, we see a ratio of 10.22. The receivables turnover for the company is 4.6for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.83.
Conclusion
To sum up, Gitlab Inc (GTLB) has seen a bad 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.
