In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Gitlab Inc (NASDAQ: GTLB) closed at $53.51 down -0.65% from its previous closing price of $53.86. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 1.07 million shares were traded. GTLB stock price reached its highest trading level at $54.97 during the session, while it also had its lowest trading level at $53.35.
Ratios:
For a deeper understanding of Gitlab Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 253.79. 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.
On April 09, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $70.
On March 22, 2024, CapitalOne started tracking the stock assigning a Overweight rating and target price of $72.CapitalOne initiated its Overweight rating on March 22, 2024, with a $72 target price.
Insider Transactions:
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 Apr 15 ’24 when Sijbrandij Sytse sold 56,000 shares for $54.92 per share. The transaction valued at 3,075,458 led to the insider holds 0 shares of the business.
ROBINS BRIAN G sold 60,000 shares of GTLB for $3,365,038 on Apr 01 ’24. The Chief Financial Officer now owns 346,146 shares after completing the transaction at $56.08 per share. On Mar 27 ’24, another insider, Bedi Sundeep, who serves as the Director of the company, sold 9,000 shares for $58.64 each. As a result, the insider received 527,770 and left with 8,369 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 8486685696 and an Enterprise Value of 7497570816. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.63 while its Price-to-Book (P/B) ratio in mrq is 14.76. Its current Enterprise Value per Revenue stands at 12.929 whereas that against EBITDA is -42.824.
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 -15.45%, while the 200-Day Moving Average is calculated to be -2.07%.
Shares Statistics:
For the past three months, GTLB has traded an average of 2.87M shares per day and 1638020 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 55.66% stake in the company. Shares short for GTLB as of 1711584000 were 4087259 with a Short Ratio of 1.43, compared to 1709164800 on 3679781. Therefore, it implies a Short% of Shares Outstanding of 4087259 and a Short% of Float of 3.36.
Earnings Estimates
The stock of Gitlab Inc (GTLB) is currently being evaluated by GitLab Inc. analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $147.59, with high estimates of $0.00 and low estimates of $2.47.
Analysts are recommending an EPS of between $Industrials and $Healthcare for the fiscal current year, implying an average EPS of $Industrials.
