Gitlab Inc [NASDAQ: GTLB] closed the trading session at $42.98.
The stocks have a year to date performance of -23.73 percent and weekly performance of 1.06 percent. The stock has been moved at -13.99 percent over the last six months. The stock has performed -18.58 percent around the most recent 30 days and changed -30.27 percent over the most recent 3-months.
If compared to the average trading volume of 2.94M shares, GTLB reached to a volume of 3846627 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 $77.56 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 1.35. 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.
Macquarie have made an estimate for Gitlab Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 12, 2024. The new note on the price target was released on October 21, 2024, representing the official price target for Gitlab Inc stock. Previously, the target price had yet another raise to $70, while Morgan Stanley analysts kept a Overweight rating on GTLB stock. On August 27, 2024, analysts decreased their price target for GTLB shares from 80 to 66.
The Average True Range (ATR) for Gitlab Inc is set at 3.71, with the Price to Sales ratio for GTLB stock in the period of the last 12 months amounting to 9.28. The Price to Book ratio for the last quarter was 9.08, with the Price to Cash per share for the same quarter was set at 6.05.
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 1.06. With this latest performance, GTLB shares dropped by -18.58% in over the last four-week period, additionally sinking by -13.99% over the last 6 months – not to mention a drop of -27.80% 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 38.11, with the RSI for the last a single of trading hit 39.36, and the three-weeks RSI is set at 38.32 for Gitlab Inc [GTLB]. The present Moving Average for the last 50 days of trading for this stock 57.76, while it was recorded at 42.74 for the last single week of trading, and 55.71 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 2.38 and a Current Ratio set at 2.38.
Earnings per share (EPS) analysis for Gitlab Inc [GTLB] stock
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 18.48%.
Gitlab Inc [GTLB]: Institutional Ownership
There are presently around $82.93%, or 86.51%% of GTLB stock, in the hands of institutional investors. The top three institutional holders of GTLB stocks are: VANGUARD GROUP INC with ownership of 11.47 million shares, which is approximately 7.2539%. ALPHABET INC., holding 9.76 million shares of the stock with an approximate value of $$485.18 million in GTLB stocks shares; and ALPHABET INC., currently with $$369.86 million in GTLB stock with ownership which is approximately 4.6587%.
