The stock of Gitlab Inc (GTLB) has seen a -0.77% decrease in the past week, with a 5.41% gain in the past month, and a 0.69% flourish in the past quarter. The volatility ratio for the week is 2.77%, and the volatility levels for the past 30 days are at 3.09% for GTLB. The simple moving average for the last 20 days is 3.39% for GTLB’s stock, with a simple moving average of -2.71% for the last 200 days.
Is It Worth Investing in Gitlab Inc (NASDAQ: GTLB) Right Now?
Company’s 36-month beta value is 0.46.Analysts have differing opinions on the stock, with 15 analysts rating it as a “buy,” 5 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for GTLB is 116.39M, and currently, short sellers hold a 2.70% ratio of that floaft. The average trading volume of GTLB on October 17, 2024 was 2.05M shares.
GTLB) stock’s latest price update
Gitlab Inc (NASDAQ: GTLB)’s stock price has gone decline by -0.75 in comparison to its previous close of 54.35, however, the company has experienced a -0.77% decrease in its stock price over the last five trading days. accesswire.com reported 2024-10-17 that LOS ANGELES, CA / ACCESSWIRE / October 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against GitLab Inc. (“GitLab” or “the Company”) (NASDAQ:GTLB) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company’s securities between June 6, 2023 and March 4, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before November 4, 2024.
Analysts’ Opinion of GTLB
Many brokerage firms have already submitted their reports for GTLB stocks, with Morgan Stanley repeating the rating for GTLB by listing it as a “Overweight.” The predicted price for GTLB in the upcoming period, according to Morgan Stanley is $70 based on the research report published on October 09, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see GTLB reach a price target of $66, previously predicting the price at $80. The rating they have provided for GTLB stocks is “Buy” according to the report published on August 27th, 2024.
Robert W. Baird gave a rating of “Outperform” to GTLB, setting the target price at $59 in the report published on August 27th of the current year.
GTLB Trading at 7.72% 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 -31.31% of loss for the given period.
Volatility was left at 3.09%, however, over the last 30 days, the volatility rate increased by 2.77%, as shares surge +3.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.33% upper at present.
During the last 5 trading sessions, GTLB fell by -0.42%, which changed the moving average for the period of 200-days by -9.84% in comparison to the 20-day moving average, which settled at $52.18. In addition, Gitlab Inc saw -14.33% 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 BLASING KAREN, who sale 3,250 shares at the price of $54.72 back on Oct 15 ’24. After this action, BLASING KAREN now owns 141,233 shares of Gitlab Inc, valued at $177,840 using the latest closing price.
Sijbrandij Sytse, the Chief Executive Officer of Gitlab Inc, sale 56,000 shares at $54.68 during a trade that took place back on Oct 15 ’24, which means that Sijbrandij Sytse is holding 0 shares at $3,062,174 based on the most recent closing price.
Stock Fundamentals for GTLB
Current profitability levels for the company are sitting at:
- -0.24 for the present operating margin
- 0.89 for the gross margin
The net margin for Gitlab Inc stands at -0.55. The total capital return value is set at -0.23. Equity return is now at value -50.94, with -28.33 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 212.12. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -22.22.
Currently, EBITDA for the company is -172.88 million with net debt to EBITDA at 2.87. When we switch over and look at the enterprise to sales, we see a ratio of 12.43. The receivables turnover for the company is 4.03for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.92.
Conclusion
In a nutshell, Gitlab Inc (GTLB) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
