The stock has a 36-month beta value of 0.48. Opinions on the stock are mixed, with 17 analysts rating it as a “buy,” 8 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for GTLB is 116.39M, and at present, short sellers hold a 3.86% of that float. On November 20, 2024, the average trading volume of GTLB was 1.79M shares.
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GTLB) stock’s latest price update
Gitlab Inc (NASDAQ: GTLB)’s stock price has increased by 1.58 compared to its previous closing price of 59.96. However, the company has seen a 1.60% increase in its stock price over the last five trading sessions. 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
Gitlab Inc (GTLB) has seen a 1.60% rise in stock performance for the week, with a 9.89% gain in the past month and a 28.88% surge in the past quarter. The volatility ratio for the week is 4.64%, and the volatility levels for the past 30 days are at 3.97% for GTLB. The simple moving average for the last 20 days is 5.48% for GTLB stock, with a simple moving average of 11.92% 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 11.30% 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 -22.44% of loss for the given period.
Volatility was left at 3.97%, however, over the last 30 days, the volatility rate increased by 4.64%, as shares surge +11.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.38% upper at present.
During the last 5 trading sessions, GTLB rose by +1.60%, which changed the moving average for the period of 200-days by -15.37% in comparison to the 20-day moving average, which settled at $57.75. In addition, Gitlab Inc saw -3.26% 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 $59.41 back on Nov 15 ’24. After this action, BLASING KAREN now owns 137,983 shares of Gitlab Inc, valued at $193,080 using the latest closing price.
SYTSE SIJBRANDIJ REVOCABLE TRU, the Director of Gitlab Inc, proposed sale 252,000 shares at $59.96 during a trade that took place back on Nov 19 ’24, which means that SYTSE SIJBRANDIJ REVOCABLE TRU is holding shares at $15,109,920 based on the most recent closing price.
Stock Fundamentals for GTLB
Current profitability levels for the company are sitting at:
- -0.25 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 -0.24. Equity return is now at value -50.94, with -28.33 for asset returns.
Currently, EBITDA for the company is -187.44 million with net debt to EBITDA at 2.7. When we switch over and look at the enterprise to sales, we see a ratio of 14.03. 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
To sum up, Gitlab Inc (GTLB) has seen a better 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.
