On Friday, Gitlab Inc (NASDAQ: GTLB) was 6.03% up from the session before settling in for the closing price of $56.36. A 52-week range for GTLB has been $40.72 – $78.53.
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Technology Sector giant saw their annual sales surged by 64.50% over the last five years. When this article was written, the company’s average yearly earnings per share was at 216.60%. With a float of $123.90 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Gitlab Inc stocks. The insider ownership of Gitlab Inc is 23.91%, while institutional ownership is 62.41%. The most recent insider transaction that took place on Jan 02 ’25, was worth 562,424. In this transaction Chief Financial Officer of this company sold 10,000 shares at a rate of $56.24, taking the stock ownership to the 267,380 shares. Before that another transaction happened on Jan 03 ’25, when Company’s Chief Legal Officer & Corp Sec sold 9,251 for $60.00, making the entire transaction worth $555,060. This insider now owns 121,893 shares in total.
Gitlab Inc (GTLB) Earnings and Forecasts
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
You can see what Gitlab Inc (GTLB) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 14.45.
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 2.0 million was lower than the volume posted last year of 2.23 million. As of the previous 9 days, the stock’s Stochastic %D was 38.02%. Additionally, its Average True Range was 2.77.
During the past 100 days, Gitlab Inc’s (GTLB) raw stochastic average was set at 56.79%, which indicates a significant decrease from 74.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.18% in the past 14 days, which was lower than the 52.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $60.04, while its 200-day Moving Average is $53.65. Now, the first resistance to watch is $60.73. This is followed by the second major resistance level at $61.70. The third major resistance level sits at $63.40. If the price goes on to break the first support level at $58.06, it is likely to go to the next support level at $56.36. Should the price break the second support level, the third support level stands at $55.39.
Gitlab Inc (NASDAQ: GTLB) Key Stats
There are 162,300K outstanding shares of the company, which has a market capitalization of 10.28 billion. As of now, sales total 579,910 K while income totals -424,170 K. Its latest quarter income was 196,050 K while its last quarter net income were 29,570 K.
