Gitlab Inc (NASDAQ: GTLB)’s stock price has plunge by -5.80relation to previous closing price of 66.37. Nevertheless, the company has seen a 0.60% surge in its stock price over the last five trading sessions. businesswire.com reported 2024-11-25 that SAN FRANCISCO–(BUSINESS WIRE)–All Remote – GitLab Inc., (NASDAQ: GTLB), the most comprehensive AI-powered DevSecOps platform, today announced that GitLab Chief Financial Officer Brian Robins will present at the Barclays 22nd Annual Global Technology Conference in San Francisco, Calif., on Wednesday, December 11, 2024. The fireside chat is scheduled for 2:30 p.m. Pacific Time and will be webcast live at the following link: https://cc.webcasts.com/barc002/121124a_js/?entity=25_G5GOQ5B A link to.
Is It Worth Investing in Gitlab Inc (NASDAQ: GTLB) Right Now?
The 36-month beta value for GTLB is at 0.57. Analysts have varying views on the stock, with 17 analysts rating it as a “buy,” 8 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for GTLB is 120.17M, and currently, shorts hold a 4.07% of that float. The average trading volume for GTLB on November 27, 2024 was 1.90M shares.
GTLB’s Market Performance
The stock of Gitlab Inc (GTLB) has seen a 0.60% increase in the past week, with a 14.23% rise in the past month, and a 30.55% gain in the past quarter. The volatility ratio for the week is 3.89%, and the volatility levels for the past 30 days are at 3.95% for GTLB. The simple moving average for the last 20 days is 2.77% for GTLB stock, with a simple moving average of 15.45% 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 11.42% 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 -20.39% of loss for the given period.
Volatility was left at 3.95%, however, over the last 30 days, the volatility rate increased by 3.89%, as shares surge +14.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.30% upper at present.
During the last 5 trading sessions, GTLB rose by +0.69%, which changed the moving average for the period of 200-days by -13.84% in comparison to the 20-day moving average, which settled at $60.84. In addition, Gitlab Inc saw -0.70% 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 Sijbrandij Sytse, who sale 195,224 shares at the price of $60.53 back on Nov 19 ’24. After this action, Sijbrandij Sytse now owns 0 shares of Gitlab Inc, valued at $11,816,909 using the latest closing price.
Sijbrandij Sytse, the Chief Executive Officer of Gitlab Inc, sale 84,776 shares at $59.64 during a trade that took place back on Nov 18 ’24, which means that Sijbrandij Sytse is holding 0 shares at $5,055,961 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.
Based on Gitlab Inc (GTLB), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 9.3. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -23.02.
Currently, EBITDA for the company is -180.91 million with net debt to EBITDA at 2.73. When we switch over and look at the enterprise to sales, we see a ratio of 14.45. 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’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.
