Gitlab Inc (GTLB) concluded trading on Wednesday at a closing price of $54.35, with 13.56 million shares of worth about $736.93 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.63% during that period and on September 04, 2024 the price saw a gain of about 21.64%. Currently the company’s common shares owned by public are about 156.66M shares, out of which, 116.74M shares are available for trading.
Stock saw a price change of 15.61% in past 5 days and over the past one month there was a price change of 27.37%. Year-to-date (YTD), GTLB shares are showing a performance of -13.68% which increased to 10.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $40.19 but also hit the highest price of $78.53 during that period. The average intraday trading volume for Gitlab Inc shares is 2.53 million. The stock is currently trading 20.55% above its 20-day simple moving average (SMA20), while that difference is up 12.09% for SMA50 and it goes to -3.03% lower than SMA200.
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Gitlab Inc (NASDAQ: GTLB) currently have 156.66M outstanding shares and institutions hold larger chunk of about 62.03% of that.
The stock has a current market capitalization of $8.51B and its 3Y-monthly beta is at 0.46. It has posted earnings per share of -$2.34 in the same period. It has Quick Ratio of 1.92 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GTLB, volatility over the week remained 5.62% while standing at 4.07% over the month.
Stock’s fiscal year EPS is expected to rise by 131.30% while it is estimated to increase by 37.85% in next year. EPS is likely to grow at an annualized rate of 38.10% for next 5-years, compared to annual growth of -31.81% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on August 27, 2024 offering a Buy rating for the stock and assigned a target price range of between $80 and $66 to it. Coverage by Robert W. Baird stated Gitlab Inc (GTLB) stock as an Outperform in their note to investors on August 27, 2024, suggesting a price target of $59 for the stock. On April 12, 2024, Raymond James Upgrade their recommendations, while on April 09, 2024, Wells Fargo Initiated their ratings for the stock with a price target of $70. Stock get an Overweight rating from CapitalOne on March 22, 2024.
