At the time of writing, Gitlab Inc [GTLB] stock is trading at $60.01, up 0.30%. An important factor to consider is whether the stock is rising or falling in short-term value. The GTLB shares have gain 1.59% over the last week, with a monthly amount drifted -7.39%, and not 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 December 12, 2024, when Macquarie initiated its Outperform rating and assigned the stock a price target of $90. Previously, Needham upgraded its rating to Buy on October 21, 2024, and kept the price target unchanged to $70. On October 09, 2024, Morgan Stanley initiated with a Overweight rating and assigned a price target of $70 on the stock. BofA Securities reiterated its Buy rating and decreased its price target to $66 on August 27, 2024. Robert W. Baird initiated its recommendation with a Outperform and recommended $59 as its price target on August 27, 2024. Raymond James upgraded its rating to Outperform for this stock on April 12, 2024, but kept the price target unchanged to $70. In a note dated April 09, 2024, Wells Fargo 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 $40.72 and $78.53. Currently, Wall Street analysts expect the stock to reach $64 within the next 12 months. Gitlab Inc [NASDAQ: GTLB] shares were valued at $60.01 at the most recent close of the market. An investor can expect a potential return of 6.65% based on the average GTLB price forecast.
Analyzing the GTLB fundamentals
According to Gitlab Inc [NASDAQ:GTLB], the company’s sales were 711.60M for trailing twelve months, which represents an 30.99% jump. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.16%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.08 and Total Capital is -0.2.
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 58.05 points at the first support level, and at 56.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.52, and for the 2nd resistance point, it is at 63.04.
Ratios To Look Out For
It is important to note that Gitlab Inc [NASDAQ:GTLB] has a current ratio of 2.49. On the other hand, the Quick Ratio is 2.49, and the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 14.71, the price to book ratio is 13.42.
Transactions by insiders
Recent insider trading involved Schulman Robin, Chief Legal Officer & Corp Sec, that happened on Dec 20 ’24 when 2996.0 shares were sold. Officer, ROBIN SCHULMAN completed a deal on Dec 20 ’24 to buy 2996.0 shares. Meanwhile, Director BLASING KAREN sold 3250.0 shares on Dec 16 ’24.
