Gitlab Inc [GTLB] stock prices are up 21.64% to $54.35 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 15.61% over the last week, with a monthly amount glided 27.37%, 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 August 27, 2024, when BofA Securities reiterated its Buy rating and also revised its price target to $66 from $80. Previously, Robert W. Baird started tracking the stock with Outperform rating on August 27, 2024, and set its price target to $59. On April 12, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $70 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $70 on April 09, 2024. CapitalOne initiated its recommendation with a Overweight and recommended $72 as its price target on March 22, 2024. KeyBanc Capital Markets started tracking with a Overweight rating for this stock on March 19, 2024, and assigned it a price target of $70. In a note dated March 06, 2024, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $75.
The stock price of Gitlab Inc [GTLB] has been fluctuating between $40.19 and $78.53 over the past year. Currently, Wall Street analysts expect the stock to reach $63.34 within the next 12 months. Gitlab Inc [NASDAQ: GTLB] shares were valued at $54.35 at the most recent close of the market. An investor can expect a potential return of 16.54% based on the average GTLB price forecast.
Analyzing the GTLB fundamentals
The Gitlab Inc [NASDAQ:GTLB] reported sales of 665.22M for trailing twelve months, representing a surge of 30.81%. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at -0.24%, Pretax Profit Margin comes in at -0.2%, and Net Profit Margin reading is -0.55%. To continue investigating profitability, this company’s Return on Assets is posted at -0.26, Equity is -0.62 and Total Capital is -0.23. 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 51.40 points at the first support level, and at 48.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.09, and for the 2nd resistance point, it is at 57.83.
Ratios To Look Out For
It’s worth pointing out that Gitlab Inc [NASDAQ:GTLB]’s Current Ratio is 1.92. As well, the Quick Ratio is 1.92, while the Cash Ratio is 0.66. Considering the valuation of this stock, the price to sales ratio is 12.80, the price to book ratio is 13.56.
Transactions by insiders
Recent insider trading involved BLASING KAREN, Director, that happened on Aug 16 ’24 when 3250.0 shares were sold. Director, KAREN BLASING completed a deal on Aug 16 ’24 to buy 10930.0 shares. Meanwhile, Chief Executive Officer Sijbrandij Sytse sold 56000.0 shares on Aug 14 ’24.
