A share price of Gitlab Inc [GTLB] is currently trading at $53.57, up 1.06%. An important factor to consider is whether the stock is rising or falling in short-term value. The GTLB shares have gain 5.14% over the last week, with a monthly amount glided 24.55%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 experienced fluctuations in its stock price throughout the past year between $40.19 and $78.53. Currently, Wall Street analysts expect the stock to reach $63.42 within the next 12 months. Gitlab Inc [NASDAQ: GTLB] shares were valued at $53.57 at the most recent close of the market. An investor can expect a potential return of 18.39% based on the average GTLB price forecast.
Analyzing the GTLB fundamentals
Trailing Twelve Months sales for Gitlab Inc [NASDAQ:GTLB] were 622.22M which represents 33.35% growth. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at -0.29%, Pretax Profit Margin comes in at -0.25%, and Net Profit Margin reading is -0.69%. To continue investigating profitability, this company’s Return on Assets is posted at -0.32, Equity is -0.69 and Total Capital is -0.28. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 52.77 points at the first support level, and at 51.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.43, and for the 2nd resistance point, it is at 55.28.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Gitlab Inc [NASDAQ:GTLB] is 1.83. On the other hand, the Quick Ratio is 1.83, and the Cash Ratio is 0.62. Considering the valuation of this stock, the price to sales ratio is 13.68, the price to book ratio is 14.99.
Transactions by insiders
Recent insider trading involved BLASING KAREN, Director, that happened on Jul 17 ’24 when 4430.0 shares were sold. Chief Legal Officer & Corp Sec, Schulman Robin completed a deal on Jul 17 ’24 to sell 2402.0 shares. Meanwhile, Chief Executive Officer Sijbrandij Sytse sold 56000.0 shares on Jul 15 ’24.
