After finishing at $58.32 in the prior trading day, Gitlab Inc (NASDAQ: GTLB) closed at $55.55, down -4.75%. In other words, the price has decreased by -$2.77 from its previous closing price. On the day, 2244026 shares were traded.
Ratios:
Our goal is to gain a better understanding of GTLB by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 226.42. 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 27 ’24 when Bedi Sundeep sold 9,000 shares for $58.64 per share. The transaction valued at 527,770 led to the insider holds 8,369 shares of the business.
Schulman Robin sold 2,425 shares of GTLB for $142,469 on Mar 21 ’24. The Chief Legal Officer & Corp Sec now owns 55,150 shares after completing the transaction at $58.75 per share. On Mar 21 ’24, another insider, Mannix Erin, who serves as the Chief Accounting Officer of the company, sold 958 shares for $59.53 each. As a result, the insider received 57,026 and left with 74,908 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 8.81B and an Enterprise Value of 7.77B. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.06 while its Price-to-Book (P/B) ratio in mrq is 15.32. Its current Enterprise Value per Revenue stands at 13.41 whereas that against EBITDA is -42.97.
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 66.29, while the 200-Day Moving Average is calculated to be 54.60.
Shares Statistics:
The stock has traded on average 2.85M shares per day over the past 3-months and 2.19M shares per day over the last 10 days, according to various share statistics. A total of 114.67M shares are outstanding, with a floating share count of 93.50M. Insiders hold about 31.40% of the company’s shares, while institutions hold 64.26% stake in the company. Shares short for GTLB as of Mar 15, 2024 were 3.2M with a Short Ratio of 1.12, compared to 4.32M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.02% and a Short% of Float of 2.63%.
Earnings Estimates
Its stock is currently analyzed by 22 different market 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 $731.81M. 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.
