At the time of writing, Gitlab Inc [GTLB] stock is trading at $54.56, down -0.31%. An important factor to consider is whether the stock is rising or falling in short-term value. The GTLB shares have gain 2.83% over the last week, with a monthly amount glided 9.82%, 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 21, 2024, when Needham upgraded its rating to a Buy but kept the price target unchanged to $70 for it. Previously, Morgan Stanley started tracking the stock with Overweight rating on October 09, 2024, and set its price target to $70. On August 27, 2024, BofA Securities reiterated its Buy rating and revised its price target to $66 on the stock. Robert W. Baird started tracking the stock assigning a Outperform rating and suggested a price target of $59 on August 27, 2024. Raymond James upgraded its rating to a Outperform but $70 remained the price target by the analyst firm on April 12, 2024. Wells Fargo started tracking with a Overweight rating for this stock on April 09, 2024, and assigned it a price target of $70. In a note dated March 22, 2024, CapitalOne initiated an Overweight rating and provided a target price of $72 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 $54.56 at the most recent close of the market. An investor can expect a potential return of 16.62% 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. 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 53.96 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 55.40, and for the 2nd resistance point, it is at 56.25.
Ratios To Look Out For
It is important to note that Gitlab Inc [NASDAQ:GTLB] has a current ratio of 1.92. On the other hand, the Quick Ratio is 1.92, and the Cash Ratio is 0.66. Considering the valuation of this stock, the price to sales ratio is 13.16, the price to book ratio is 13.62.
Transactions by insiders
Recent insider trading involved BLASING KAREN, Director, that happened on Oct 15 ’24 when 3250.0 shares were sold. Chief Executive Officer, Sijbrandij Sytse completed a deal on Oct 15 ’24 to sell 56000.0 shares. Meanwhile, Chief Legal Officer & Corp Sec Schulman Robin sold 2990.0 shares on Oct 10 ’24.
