Gitlab Inc (NASDAQ: GTLB) kicked off on Friday, up 1.67% from the previous trading day, before settling in for the closing price of $54.43. Over the past 52 weeks, GTLB has traded in a range of $40.19-$78.53.
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Annual sales at Technology sector company grew by 64.50% over the past five years. While this was happening, its average annual earnings per share was recorded 134.22%. With a float of $116.40 million, this company’s outstanding shares have now reached $160.46 million.
Let’s look at the performance matrix of the company that is accounted for 2130 employees. In terms of profitability, gross margin is 89.29%, operating margin of -24.22%, and the pretax margin is -20.25%.
Gitlab Inc (GTLB) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Gitlab Inc is 27.46%, while institutional ownership is 60.93%. The most recent insider transaction that took place on Oct 15 ’24, was worth 177,840. In this transaction Director of this company sold 3,250 shares at a rate of $54.72, taking the stock ownership to the 141,233 shares. Before that another transaction happened on Oct 15 ’24, when Company’s Chief Executive Officer sold 56,000 for $54.68, making the entire transaction worth $3,062,174. This insider now owns 0 shares in total.
Gitlab Inc (GTLB) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 7/31/2024, the organization reported 0.09 earnings per share (EPS), higher than consensus estimate (set at -0.01) by 0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 134.22% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 30.00% during the next five years compared to -31.81% drop over the previous five years of trading.
Gitlab Inc (NASDAQ: GTLB) Trading Performance Indicators
Take a look at Gitlab Inc’s (GTLB) current performance indicators. Last quarter, stock had a quick ratio of 1.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.35. Likewise, its price to free cash flow for the trailing twelve months is 134.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.34, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 0.64 in one year’s time.
Technical Analysis of Gitlab Inc (GTLB)
Gitlab Inc (NASDAQ: GTLB) saw its 5-day average volume 1.14 million, a negative change from its year-to-date volume of 2.42 million. As of the previous 9 days, the stock’s Stochastic %D was 82.67%. Additionally, its Average True Range was 1.85.
During the past 100 days, Gitlab Inc’s (GTLB) raw stochastic average was set at 90.36%, which indicates a significant increase from 84.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.54% in the past 14 days, which was lower than the 61.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $50.37, while its 200-day Moving Average is $55.43. Nevertheless, the first resistance level for the watch stands at $56.52 in the near term. At $57.70, the stock is likely to face the second major resistance level. The third major resistance level sits at $58.79. If the price goes on to break the first support level at $54.25, it is likely to go to the next support level at $53.15. Assuming the price breaks the second support level, the third support level stands at $51.97.
Gitlab Inc (NASDAQ: GTLB) Key Stats
The company with the Market Capitalisation of 8.88 billion has total of 158,900K Shares Outstanding. Its annual sales at the moment are 579,910 K in contrast with the sum of -424,170 K annual income. Company’s last quarter sales were recorded 182,580 K and last quarter income was 12,950 K.
