The 36-month beta value for GTLB is at 0.50. Analysts have varying views on the stock, with 17 analysts rating it as a “buy,” 6 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for GTLB is 116.35M, and currently, shorts hold a 3.86% of that float. The average trading volume for GTLB on November 13, 2024 was 1.77M shares.
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GTLB) stock’s latest price update
The stock of Gitlab Inc (NASDAQ: GTLB) has increased by 3.79 when compared to last closing price of 59.95.Despite this, the company has seen a gain of 3.34% in its stock price over the last five trading days. businesswire.com reported 2024-11-12 that SAN FRANCISCO–(BUSINESS WIRE)–All Remote – GitLab Inc., (NASDAQ: GTLB), the most comprehensive AI-powered DevSecOps platform, today announced that it will report its financial results for the third quarter of fiscal year 2025, which ended October 31, 2024, after U.S. markets close on Thursday, December 5, 2024. Management will host a conference call and webcast on the same day to discuss the company’s financial results at 4:30 p.m. EST / 1:30 p.m. PST. GitLab Third Quarter Fiscal 2025 Financi.
GTLB’s Market Performance
GTLB’s stock has risen by 3.34% in the past week, with a monthly rise of 14.33% and a quarterly rise of 38.88%. The volatility ratio for the week is 3.96% while the volatility levels for the last 30 days are 3.63% for Gitlab Inc The simple moving average for the last 20 days is 9.70% for GTLB’s stock, with a simple moving average of 13.83% for the last 200 days.
Analysts’ Opinion of GTLB
Many brokerage firms have already submitted their reports for GTLB stocks, with Needham repeating the rating for GTLB by listing it as a “Buy.” The predicted price for GTLB in the upcoming period, according to Needham is $70 based on the research report published on October 21, 2024 of the current year 2024.
Morgan Stanley, 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 October 09th, 2024.
BofA Securities gave a rating of “Buy” to GTLB, setting the target price at $66 in the report published on August 27th of the current year.
GTLB Trading at 14.61% 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 -20.77% of loss for the given period.
Volatility was left at 3.63%, however, over the last 30 days, the volatility rate increased by 3.96%, as shares surge +14.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.24% upper at present.
During the last 5 trading sessions, GTLB rose by +3.12%, which changed the moving average for the period of 200-days by -16.52% in comparison to the 20-day moving average, which settled at $56.71. In addition, Gitlab Inc saw -1.18% 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 16,666 shares at the price of $56.74 back on Nov 01 ’24. After this action, ROBINS BRIAN G now owns 242,803 shares of Gitlab Inc, valued at $945,673 using the latest closing price.
BLASING KAREN, the Director of Gitlab Inc, sale 3,250 shares at $54.72 during a trade that took place back on Oct 15 ’24, which means that BLASING KAREN is holding 141,233 shares at $177,840 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 14.56. 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 conclusion, Gitlab Inc (GTLB) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
