At the time of writing, Gitlab Inc [GTLB] stock is trading at $54.73, up 0.68%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GTLB shares have gain 9.11% over the last week, with a monthly amount glided 1.07%, 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 October 09, 2024, when Morgan Stanley initiated its Overweight rating and assigned the stock a price target of $70. Previously, BofA Securities reaffirmed its Buy rating on August 27, 2024, and dropped its price target to $66. On August 27, 2024, Robert W. Baird initiated with a Outperform rating and assigned a price target of $59 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $70 on April 12, 2024. Wells Fargo initiated its recommendation with a Overweight and recommended $70 as its price target on April 09, 2024. CapitalOne started tracking with a Overweight rating for this stock on March 22, 2024, and assigned it a price target of $72. In a note dated March 19, 2024, KeyBanc Capital Markets initiated an Overweight rating and provided a target price of $70 on this stock.
For the past year, the stock price of Gitlab Inc fluctuated between $40.19 and $78.53. Currently, Wall Street analysts expect the stock to reach $63.63 within the next 12 months. Gitlab Inc [NASDAQ: GTLB] shares were valued at $54.73 at the most recent close of the market. An investor can expect a potential return of 16.26% based on the average GTLB price forecast.
Analyzing the GTLB fundamentals
According to Gitlab Inc [NASDAQ:GTLB], the company’s sales were 665.22M for trailing twelve months, which represents an 30.81% jump. 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. 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 54.05 points at the first support level, and at 53.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.48, and for the 2nd resistance point, it is at 56.23.
Ratios To Look Out For
It is important to note that Gitlab Inc [NASDAQ:GTLB] has a current ratio of 1.92. Also, the Quick Ratio is 1.92, while the Cash Ratio stands at 0.66. Considering the valuation of this stock, the price to sales ratio is 13.20, the price to book ratio is 13.66.
Transactions by insiders
Recent insider trading involved Schulman Robin, Chief Legal Officer & Corp Sec, that happened on Oct 10 ’24 when 2990.0 shares were sold. Officer, ROBIN SCHULMAN completed a deal on Oct 10 ’24 to buy 2990.0 shares. Meanwhile, Chief Financial Officer ROBINS BRIAN G sold 16666.0 shares on Oct 01 ’24.
