Gitlab Inc [NASDAQ: GTLB] closed the trading session at $76.19. The company report on January 18, 2024 at 4:05 PM that GitLab Appoints Sabrina Farmer as Chief Technology Officer.
Former Google VP of Engineering brings more than 25 years of experience to lead GitLab’s software engineering, operations, and customer support teams for the most comprehensive AI-powered DevSecOps platform in the market.
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
The stocks have a year to date performance of 21.01 percent and weekly performance of 5.34 percent. The stock has been moved at 71.25 percent over the last six months. The stock has performed 24.31 percent around the most recent 30 days and changed 71.02 percent over the most recent 3-months.
If compared to the average trading volume of 2.43M shares, GTLB reached to a volume of 3081190 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Gitlab Inc [GTLB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GTLB shares is $71.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GTLB stock is a recommendation set at 1.64. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Mizuho have made an estimate for Gitlab Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 08, 2024.
The Average True Range (ATR) for Gitlab Inc is set at 3.17, with the Price to Sales ratio for GTLB stock in the period of the last 12 months amounting to 22.01. The Price to Book ratio for the last quarter was 21.70, with the Price to Cash per share for the same quarter was set at 6.36.
GTLB stock trade performance evaluation
Gitlab Inc [GTLB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.34. With this latest performance, GTLB shares gained by 24.31% in over the last four-week period, additionally plugging by 71.25% over the last 6 months – not to mention a rise of 46.07% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GTLB stock in for the last two-week period is set at 69.97, with the RSI for the last a single of trading hit 72.18, and the three-weeks RSI is set at 68.47 for Gitlab Inc [GTLB]. The present Moving Average for the last 50 days of trading for this stock 63.53, while it was recorded at 72.84 for the last single week of trading, and 49.05 for the last 200 days.
Gitlab Inc [GTLB]: An insightful look at the core fundamentals
Gitlab Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.97 and a Current Ratio set at 1.97.
Earnings per share (EPS) analysis for Gitlab Inc [GTLB] stock
With the latest financial reports released by the company, Gitlab Inc posted -0.03/share EPS, while the average EPS was predicted by analysts to be reported at -0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 78.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GTLB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gitlab Inc go to 38.10%.
Gitlab Inc [GTLB]: Institutional Ownership
The top three institutional holders of GTLB stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in GTLB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in GTLB stock with ownership which is approximately 5.8325%.
