The closing price of Gitlab Inc (NASDAQ: GTLB) was $58.11 for the day, up 0.28% from the previous closing price of $57.95. In other words, the price has increased by $+0.16 from its previous closing price. On the day, 1754745 shares were traded.
Ratios:
Our analysis of GTLB’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 275.61. 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, Wells Fargo on April 09, 2024, initiated with a Overweight rating and assigned the stock a target price of $70.
On March 22, 2024, CapitalOne started tracking the stock assigning a Overweight rating and target price of $72.
On March 19, 2024, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $70.KeyBanc Capital Markets initiated its Overweight rating on March 19, 2024, with a $70 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 01 ’24 when ROBINS BRIAN G sold 60,000 shares for $56.08 per share. The transaction valued at 3,365,038 led to the insider holds 346,146 shares of the business.
Bedi Sundeep sold 9,000 shares of GTLB for $527,770 on Mar 27 ’24. The Director now owns 8,369 shares after completing the transaction at $58.64 per share. On Mar 21 ’24, another insider, Schulman Robin, who serves as the Chief Legal Officer & Corp Sec of the company, sold 2,425 shares for $58.75 each. As a result, the insider received 142,469 and left with 55,150 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 9.22B and an Enterprise Value of 8.18B. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.89 while its Price-to-Book (P/B) ratio in mrq is 16.03. Its current Enterprise Value per Revenue stands at 14.11 whereas that against EBITDA is -45.22.
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 64.31, while the 200-Day Moving Average is calculated to be 54.56.
Shares Statistics:
GTLB traded an average of 2.88M shares per day over the past three months and 1.83M shares per day over the past ten days. A total of 114.67M shares are outstanding, with a floating share count of 112.45M. Insiders hold about 29.10% of the company’s shares, while institutions hold 55.25% stake in the company. Shares short for GTLB as of Mar 15, 2024 were 3.2M with a Short Ratio of 1.42, 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
The firm’s stock currently is rated by 23 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 $0.45, with 21 analysts recommending between $0.8 and $0.24.
Revenue Estimates
A total of 23 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 $731.68M. In the same quarter a year ago, actual revenue was $579.91M, up 26.20% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $914.79M 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.
