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As of close of business last night, Gitlab Inc’s stock clocked out at $47.26, up 1.59% from its previous closing price of $46.52. In other words, the price has increased by $1.59 from its previous closing price. On the day, 1.11 million shares were traded. GTLB stock price reached its highest trading level at $47.45 during the session, while it also had its lowest trading level at $46.47.
Ratios:
To gain a deeper understanding of GTLB’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 91.47. For the most recent quarter (mrq), Quick Ratio is recorded 1.83 and its Current Ratio is at 1.83. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 16 ’24 when BLASING KAREN sold 3,250 shares for $45.00 per share. The transaction valued at 146,250 led to the insider holds 147,733 shares of the business.
KAREN BLASING bought 10,930 shares of GTLB for $489,664 on Aug 16 ’24. On Aug 14 ’24, another insider, Sijbrandij Sytse, who serves as the Chief Executive Officer of the company, sold 56,000 shares for $42.74 each. As a result, the insider received 2,393,321 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 7509613568 and an Enterprise Value of 6495007232. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.07 while its Price-to-Book (P/B) ratio in mrq is 13.22. Its current Enterprise Value per Revenue stands at 10.439 whereas that against EBITDA is -36.908.
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 $40.19. The 50-Day Moving Average of the stock is -1.57%, while the 200-Day Moving Average is calculated to be -15.50%.
Shares Statistics:
It appears that GTLB traded 2.71M shares on average per day over the past three months and 1678940 shares per day over the past ten days. A total of 158.90M shares are outstanding, with a floating share count of 116.63M. Insiders hold about 26.60% of the company’s shares, while institutions hold 61.18% stake in the company. Shares short for GTLB as of 1722384000 were 4139976 with a Short Ratio of 1.53, compared to 1719532800 on 5448225. Therefore, it implies a Short% of Shares Outstanding of 4139976 and a Short% of Float of 3.37.
Earnings Estimates
As of right now, 21.0 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $0.11, with high estimates of $0.17 and low estimates of $0.09.
Analysts are recommending an EPS of between $0.4 and $0.34 for the fiscal current year, implying an average EPS of $0.36. EPS for the following year is $0.54, with 22.0 analysts recommending between $0.9 and $0.37.
Revenue Estimates
For the next quarter, 23 analysts are estimating revenue of $187.04M. There is a high estimate of $192.59M for the next quarter, whereas the lowest estimate is $180.64M.
A total of 24 analysts have provided revenue estimates for GTLB’s current fiscal year. The highest revenue estimate was $756.41M, while the lowest revenue estimate was $734.53M, resulting in an average revenue estimate of $736.63M. In the same quarter a year ago, actual revenue was $579.91MBased on 23 analysts’ estimates, the company’s revenue will be $917.14M in the next fiscal year. The high estimate is $970.34M and the low estimate is $885.2M.
