Gitlab Inc (GTLB) concluded trading on Wednesday at a closing price of $42.17, with 3.65 million shares of worth about $153.82 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -23.29% during that period and on April 16, 2025 the price saw a loss of about -3.39%. Currently the company’s common shares owned by public are about 144.44M shares, out of which, 131.50M shares are available for trading.
Stock saw a price change of -8.92% in past 5 days and over the past one month there was a price change of -15.47%. Year-to-date (YTD), GTLB shares are showing a performance of -25.16% which decreased to -21.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $37.90 but also hit the highest price of $74.18 during that period. The average intraday trading volume for Gitlab Inc shares is 3.00 million. The stock is currently trading -8.99% below its 20-day simple moving average (SMA20), while that difference is down -23.98% for SMA50 and it goes to -24.16% lower than SMA200.
Gitlab Inc (NASDAQ: GTLB) currently have 144.44M outstanding shares and institutions hold larger chunk of about 68.05% of that.
The stock has a current market capitalization of $6.92B and its 3Y-monthly beta is at 0.80. It has posted earnings per share of -$0.03 in the same period. It has Quick Ratio of 2.38 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 5.54% while standing at 6.37% over the month.
Stock’s fiscal year EPS is expected to drop by -3.08% while it is estimated to increase by 31.70% in next year. EPS is likely to shrink at an annualized rate of 18.16% for next 5-years, compared to annual growth of 46.64% 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 Macquarie on December 12, 2024 offering an Outperform rating for the stock and assigned a target price of $90 to it. Coverage by Needham stated Gitlab Inc (GTLB) stock as a Buy in their note to investors on October 21, 2024, suggesting a price target of $70 for the stock. On October 09, 2024, Morgan Stanley Initiated their recommendations, while on August 27, 2024, BofA Securities Reiterated their ratings for the stock with a price target of $66. Stock get an Outperform rating from Robert W. Baird on August 27, 2024.
