In the latest session, GitLab Inc. (NASDAQ: GTLB) closed at $34.17 up 0.35% from its previous closing price of $34.05. In other words, the price has increased by $+0.12 from its previous closing price. On the day, 1209829 shares were traded. GTLB stock price reached its highest trading level at $34.46 during the session, while it also had its lowest trading level at $33.50.
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For a deeper understanding of GitLab Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.60 and its Current Ratio is at 3.60. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 05 when GV 2021 GP, L.L.C. bought 7,286 shares for $26.98 per share. The transaction valued at 196,584 led to the insider holds 2,647,312 shares of the business.
Brown Dale R sold 894 shares of GTLB for $24,183 on May 05. The Principal Accounting Officer now owns 15,884 shares after completing the transaction at $27.05 per share. On May 04, another insider, GV 2021 GP, L.L.C., who serves as the Member of 10% Group of the company, bought 396,361 shares for $26.97 each. As a result, the insider paid 10,689,665 and bolstered with 2,640,026 shares of the company.
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 4.96B and an Enterprise Value of 4.02B. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.27 while its Price-to-Book (P/B) ratio in mrq is 6.66. Its current Enterprise Value per Revenue stands at 9.48 whereas that against EBITDA is -19.55.
Stock Price History:
Over the past 52 weeks, GTLB has reached a high of $70.96, while it has fallen to a 52-week low of $26.24. The 50-Day Moving Average of the stock is 32.58, while the 200-Day Moving Average is calculated to be 44.86.
For the past three months, GTLB has traded an average of 2.89M shares per day and 1.78M over the past ten days. A total of 150.19M shares are outstanding, with a floating share count of 90.00M. Insiders hold about 1.30% of the company’s shares, while institutions hold 84.70% stake in the company. Shares short for GTLB as of Apr 27, 2023 were 7.97M with a Short Ratio of 7.97M, compared to 7.43M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.25% and a Short% of Float of 8.99%.
There are 17 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.15, while EPS last year was -$0.18. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.06 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.2 and -$0.29 for the fiscal current year, implying an average EPS of -$0.26. EPS for the following year is -$0.01, with 16 analysts recommending between $0.14 and -$0.28.
A total of 17 analysts believe the company’s revenue will be $117.78M this quarter.It ranges from a high estimate of $119.54M to a low estimate of $116.97M. As of the current estimate, GitLab Inc.’s year-ago sales were $87.41M, an estimated increase of 34.70% from the year-ago figure. For the next quarter, 17 analysts are estimating revenue of $127.04M, an increase of 25.70% less than the figure of $34.70% in the same quarter last year. There is a high estimate of $130.1M for the next quarter, whereas the lowest estimate is $123.9M.
A total of 17 analysts have provided revenue estimates for GTLB’s current fiscal year. The highest revenue estimate was $545.03M, while the lowest revenue estimate was $530.05M, resulting in an average revenue estimate of $532.56M. In the same quarter a year ago, actual revenue was $424.34M, up 25.50% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $684.25M in the next fiscal year. The high estimate is $710.44M and the low estimate is $656.2M. The average revenue growth estimate for next year is up 28.50% from the average revenue estimate for this year.