What shareholders can do to beat the market with Gitlab Inc (GTLB) stock

Gitlab Inc (NASDAQ: GTLB) closed the day trading at $58.75 down -0.56% from the previous closing price of $59.08. In other words, the price has decreased by -$0.33 from its previous closing price. On the day, 1932364 shares were traded. GTLB stock price reached its highest trading level at $59.64 during the session, while it also had its lowest trading level at $57.86.

Ratios:

For a better understanding of GTLB, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 276.81. For the most recent quarter (mrq), Quick Ratio is recorded 1.89 and its Current Ratio is at 1.89. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, CapitalOne on March 22, 2024, initiated with a Overweight rating and assigned the stock a target price of $72.

On March 19, 2024, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $70.

Wolfe Research Upgraded its Peer Perform to Outperform on March 06, 2024, while the target price for the stock was maintained at $75.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 21 ’24 when Schulman Robin sold 2,425 shares for $58.75 per share. The transaction valued at 142,469 led to the insider holds 55,150 shares of the business.

Mannix Erin sold 958 shares of GTLB for $57,026 on Mar 21 ’24. The Chief Accounting Officer now owns 74,908 shares after completing the transaction at $59.53 per share. On Mar 18 ’24, another insider, Sijbrandij Sytse, who serves as the Chief Executive Officer of the company, sold 75,000 shares for $55.19 each. As a result, the insider received 4,139,250 and left with 0 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GTLB now has a Market Capitalization of 9.33B and an Enterprise Value of 8.29B. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.96 while its Price-to-Book (P/B) ratio in mrq is 16.21. Its current Enterprise Value per Revenue stands at 14.30 whereas that against EBITDA is -45.82.

Stock Price History:

Over the past 52 weeks, GTLB has reached a high of $78.53, while it has fallen to a 52-week low of $26.24. The 50-Day Moving Average of the stock is 66.73, while the 200-Day Moving Average is calculated to be 54.19.

Shares Statistics:

Over the past 3-months, GTLB traded about 2.82M shares per day on average, while over the past 10 days, GTLB traded about 2.56M shares per day. A total of 114.67M shares are outstanding, with a floating share count of 99.36M. Insiders hold about 36.94% of the company’s shares, while institutions hold 55.59% stake in the company. Shares short for GTLB as of Feb 29, 2024 were 3.68M with a Short Ratio of 1.14, compared to 5.06M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.34% and a Short% of Float of 3.46%.

Earnings Estimates

Current recommendations for the stock of the company come from 22 analysts. On average, analysts expect EPS of -$0.03 for the current quarter, with a high estimate of $0.03 and a low estimate of -$0.05, while EPS last year was -$0.06. The consensus estimate for the next quarter is $0.06, with high estimates of $0.17 and low estimates of $0.01.

Analysts are recommending an EPS of between $0.45 and $0.17 for the fiscal current year, implying an average EPS of $0.22. EPS for the following year is $0.44, with 20 analysts recommending between $0.8 and $0.24.

Revenue Estimates

A total of 22 analysts have provided revenue estimates for GTLB’s current fiscal year. The highest revenue estimate was $761.53M, while the lowest revenue estimate was $727.3M, resulting in an average revenue estimate of $731.8M. In the same quarter a year ago, actual revenue was $579.91M, up 26.20% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $914.78M in the next fiscal year. The high estimate is $975.32M and the low estimate is $872.6M. The average revenue growth estimate for next year is up 25.00% from the average revenue estimate for this year.

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