Gitlab Inc [GTLB] stock is trading at $57.07, down -1.79%. 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 1.22% over the last week, with a monthly amount glided 2.51%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Gitlab Inc [NASDAQ: GTLB] stock has seen the most recent analyst activity on April 12, 2024, when Raymond James upgraded its rating to a Outperform but kept the price target unchanged to $70 for it. Previously, Wells Fargo started tracking the stock with Overweight rating on April 09, 2024, and set its price target to $70. On March 22, 2024, CapitalOne initiated with a Overweight rating and assigned a price target of $72 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and suggested a price target of $70 on March 19, 2024. Wolfe Research upgraded its rating to a Outperform but $75 remained the price target by the analyst firm on March 06, 2024. Mizuho upgraded its rating to Buy for this stock on January 08, 2024, but kept the price target unchanged to $73. In a note dated November 29, 2023, Raymond James initiated an Mkt Perform rating.
Gitlab Inc [GTLB] stock has fluctuated between $26.24 and $78.53 over the past year. Currently, Wall Street analysts expect the stock to reach $66.04 within the next 12 months. Gitlab Inc [NASDAQ: GTLB] shares were valued at $57.07 at the most recent close of the market. An investor can expect a potential return of 15.72% based on the average GTLB price forecast.
Analyzing the GTLB fundamentals
Gitlab Inc [NASDAQ:GTLB] reported sales of 579.91M for the trailing twelve months, which represents a growth of 33.25%. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at -0.32%, Pretax Profit Margin comes in at -0.28%, and Net Profit Margin reading is -0.73%. To continue investigating profitability, this company’s Return on Assets is posted at -0.32, Equity is -0.64 and Total Capital is -0.28. 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 55.90 points at the first support level, and at 54.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.05, and for the 2nd resistance point, it is at 61.04.
Ratios To Look Out For
For context, Gitlab Inc’s Current Ratio is 1.89. As well, the Quick Ratio is 1.89, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 15.61, the price to book ratio is 15.74.
Transactions by insiders
Recent insider trading involved ROBINS BRIAN G, Chief Financial Officer, that happened on Apr 01 ’24 when 60000.0 shares were sold. Director, Bedi Sundeep completed a deal on Mar 27 ’24 to sell 9000.0 shares. Meanwhile, Chief Legal Officer & Corp Sec Schulman Robin sold 2425.0 shares on Mar 21 ’24.
