On Monday, Gitlab Inc (NASDAQ: GTLB) opened higher 2.00% from the last session, before settling in for the closing price of $51.49. Price fluctuations for GTLB have ranged from $26.24 to $78.53 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 64.50% over the last five years. Company’s average yearly earnings per share was noted 11.14% at the time writing. With a float of $112.33 million, this company’s outstanding shares have now reached $114.67 million.
The firm has a total of 2130 workers. Let’s measure their productivity.
Gitlab Inc (GTLB) Insider Activity
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Gitlab Inc is 29.18%, while institutional ownership is 55.72%. The most recent insider transaction that took place on Apr 15 ’24, was worth 3,075,458. In this transaction Chief Executive Officer of this company sold 56,000 shares at a rate of $54.92, taking the stock ownership to the 0 shares. Before that another transaction happened on Apr 01 ’24, when Company’s Chief Financial Officer sold 60,000 for $56.08, making the entire transaction worth $3,365,038. This insider now owns 346,146 shares in total.
Gitlab Inc (GTLB) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 11.14% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 38.10% during the next five years compared to -31.81% drop over the previous five years of trading.
Gitlab Inc (NASDAQ: GTLB) Trading Performance Indicators
Check out the current performance indicators for Gitlab Inc (GTLB). In the past quarter, the stock posted a quick ratio of 1.89. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 14.36. Likewise, its price to free cash flow for the trailing twelve months is 249.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.74, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach 0.45 in one year’s time.
Technical Analysis of Gitlab Inc (GTLB)
Analysing the last 5-days average volume posted by the [Gitlab Inc, GTLB], we can find that recorded value of 1.49 million was lower than the volume posted last year of 2.63 million. As of the previous 9 days, the stock’s Stochastic %D was 9.99%. Additionally, its Average True Range was 2.21.
During the past 100 days, Gitlab Inc’s (GTLB) raw stochastic average was set at 19.48%, which indicates a significant increase from 19.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.34% in the past 14 days, which was lower than the 58.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $61.65, while its 200-day Moving Average is $54.68. Now, the first resistance to watch is $53.15. This is followed by the second major resistance level at $53.79. The third major resistance level sits at $54.91. If the price goes on to break the first support level at $51.39, it is likely to go to the next support level at $50.27. Should the price break the second support level, the third support level stands at $49.63.
Gitlab Inc (NASDAQ: GTLB) Key Stats
There are currently 158,600K shares outstanding in the company with a market cap of 8.33 billion. Presently, the company’s annual sales total 579,910 K according to its annual income of -424,170 K. Last quarter, the company’s sales amounted to 163,780 K and its income totaled -36,470 K.
