Gitlab Inc [GTLB] stock prices are up 0.10% to $72.20 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GTLB shares have gain 7.11% over the last week, with a monthly amount drifted -1.88%, and not seem to be holding up well over a long-time horizon.
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On 12, February 2024, GitLab To Announce Fourth Quarter and Full Year Fiscal 2024 Financial Results. In a post published today on Yahoo Finance, All Remote – GitLab Inc., (NASDAQ: GTLB), the most comprehensive AI-powered DevSecOps Platform, today announced that it will report its financial results for the fourth quarter and its fiscal year 2024, which ended January 31, 2024, after U.S. markets close on Monday, March 4, 2024.
From an analyst’s perspective:
Gitlab Inc [NASDAQ: GTLB] stock has seen the most recent analyst activity on January 08, 2024, when Mizuho upgraded its rating to a Buy but kept the price target unchanged to $73 for it. On November 22, 2023, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $55 on the stock. Barclays downgraded its rating to a Equal Weight and decreased its price target to $50 on November 17, 2023. BTIG Research initiated its recommendation with a Buy and recommended $56 as its price target on November 13, 2023. Canaccord Genuity started tracking with a Buy rating for this stock on September 12, 2023, and assigned it a price target of $62. In a note dated September 12, 2023, Bernstein initiated an Outperform rating and provided a target price of $62 on this stock.
The stock price of Gitlab Inc [GTLB] has been fluctuating between $26.24 and $78.53 over the past year. Currently, Wall Street analysts expect the stock to reach $56.84 within the next 12 months. Gitlab Inc [NASDAQ: GTLB] shares were valued at $72.20 at the most recent close of the market. An investor can expect a potential drop of -21.27% based on the average GTLB price forecast.
Analyzing the GTLB fundamentals
The Gitlab Inc [NASDAQ:GTLB] reported sales of 539.03M for trailing twelve months, representing a surge of 32.47%. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at -0.37%, Pretax Profit Margin comes in at -0.32%, and Net Profit Margin reading is -0.8%. To continue investigating profitability, this company’s Return on Assets is posted at -0.35, Equity is -0.6 and Total Capital is -0.31. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 70.73 points at the first support level, and at 69.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 73.23, and for the 2nd resistance point, it is at 74.26.
Gitlab Inc [GTLB] reported earnings per share of $0.09 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.01/share, meaning a difference of $0.1 and a surprise factor of 1,000.00%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.01 per share as compared to estimates of -$0.03 per share, a difference of $0.04 representing a surprise of 133.30%.
Ratios To Look Out For
It’s worth pointing out that Gitlab Inc [NASDAQ:GTLB]’s Current Ratio is 1.97. As well, the Quick Ratio is 1.97, while the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 20.86, the price to book ratio is 20.57.
Transactions by insiders
Insider trading has also been a hot topic recently, with 0 insiders purchasing 0 shares and 1 selling 1,982 shares in the past 3 months. Recent insider trading involved Sijbrandij Sytse, Chief Executive Officer, that happened on Feb 14 when 0.38 million shares were sold. Chief Financial Officer, ROBINS BRIAN G completed a deal on Feb 13 to sell 13000.0 shares. Meanwhile, Chief Legal Officer & Corp Sec Schulman Robin sold 30543.0 shares on Feb 08.
