Gitlab Inc (GTLB) concluded trading on Wednesday at a closing price of $66.56, with 3.46 million shares of worth about $230.38 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 48.27% during that period and on December 04, 2024 the price saw a gain of about 4.23%. Currently the company’s common shares owned by public are about 136.46M shares, out of which, 120.17M shares are available for trading.
Stock saw a price change of 0.29% in past 5 days and over the past one month there was a price change of 18.88%. Year-to-date (YTD), GTLB shares are showing a performance of 5.72% which increased to 25.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $40.72 but also hit the highest price of $78.53 during that period. The average intraday trading volume for Gitlab Inc shares is 1.86 million. The stock is currently trading 6.32% above its 20-day simple moving average (SMA20), while that difference is up 16.63% for SMA50 and it goes to 23.29% higher than SMA200.
Gitlab Inc (NASDAQ: GTLB) currently have 136.46M outstanding shares and institutions hold larger chunk of about 62.91% of that.
The stock has a current market capitalization of $10.68B and its 3Y-monthly beta is at 0.54. 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 3.67% while standing at 3.98% over the month.
Stock’s fiscal year EPS is expected to rise by 134.58% while it is estimated to increase by 39.99% in next year. EPS is likely to grow at an annualized rate of 30.00% 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 Needham on October 21, 2024 offering a Buy rating for the stock and assigned a target price of $70 to it. Coverage by Morgan Stanley stated Gitlab Inc (GTLB) stock as an Overweight in their note to investors on October 09, 2024, suggesting a price target of $70 for the stock. On August 27, 2024, BofA Securities Reiterated their recommendations, while on August 27, 2024, Robert W. Baird Initiated their ratings for the stock with a price target of $59. Stock get an Outperform rating from Raymond James on April 12, 2024.
