Gitlab Inc (NASDAQ: GTLB) on Friday, plunged -4.00% from the previous trading day, before settling in for the closing price of $61.04. Within the past 52 weeks, GTLB’s price has moved between $40.72 and $78.53.
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Technology Sector giant saw their annual sales surged by 64.50% over the last five years. The company achieved an average annual earnings per share of 216.60%. With a float of $120.17 million, this company’s outstanding shares have now reached $140.53 million.
The firm has a total of 2130 workers. Let’s measure their productivity. In terms of profitability, gross margin is 89.0%, operating margin of -21.83%, and the pretax margin is -16.34%.
Gitlab Inc (GTLB) Insider Activity
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Gitlab Inc is 23.97%, while institutional ownership is 63.86%. The most recent insider transaction that took place on Dec 09 ’24, was worth 675,896. In this transaction Chief Financial Officer of this company sold 10,000 shares at a rate of $67.59, taking the stock ownership to the 242,803 shares. Before that another transaction happened on Nov 19 ’24, when Company’s Chief Executive Officer sold 195,224 for $60.53, making the entire transaction worth $11,816,909. This insider now owns 0 shares in total.
Gitlab Inc (GTLB) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 216.60% 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
Gitlab Inc (GTLB) is currently performing well based on its current performance indicators. A quick ratio of 2.49 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.87.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.32, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 0.80 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 4.17 million was better than the volume posted last year of 2.43 million. As of the previous 9 days, the stock’s Stochastic %D was 4.85%. Additionally, its Average True Range was 3.04.
During the past 100 days, Gitlab Inc’s (GTLB) raw stochastic average was set at 54.55%, which indicates a significant increase from 4.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.56% in the past 14 days, which was lower than the 55.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $58.81, while its 200-day Moving Average is $53.72. Now, the first resistance to watch is $60.21. This is followed by the second major resistance level at $61.82. The third major resistance level sits at $62.99. If the price goes on to break the first support level at $57.43, it is likely to go to the next support level at $56.26. Should the price break the second support level, the third support level stands at $54.65.
Gitlab Inc (NASDAQ: GTLB) Key Stats
Market capitalization of the company is 9.16 billion based on 162,300K outstanding shares. Right now, sales total 579,910 K and income totals -424,170 K. The company made 196,050 K in profit during its latest quarter, and 29,570 K in sales during its previous quarter.
