The trading price of Gitlab Inc (NASDAQ:GTLB) closed higher on Tuesday, April 23, closing at $56.08, 6.78% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $78.53 and a 52-week low of $26.24. Over the past month, the stock has lost -4.50% in value.
Gitlab Inc, whose market valuation is $8.89 billion at the time of this writing, is expected to release its quarterly earnings report Mar 11, 2024 – Mar 15, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.03 per share this quarter, however they have predicted annual earnings per share of 0.22 for current year and 0.45 for next year.
Analysts have forecast the company to bring in revenue of 165.89M for the current quarter, with the likely lows of 165M and highs of 169.57M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 731.68M.
On the technical side, indicators suggest GTLB has a 25% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently Hold.
A quick review shows that GTLB’s price is currently -0.23% off the SMA20 and -9.03% off the SMA50. The RSI metric on the 14-day chart is currently showing 47.79, and weekly volatility stands at 3.95%. When measured over the past 30 days, the indicator reaches 3.54%. Gitlab Inc (NASDAQ:GTLB)’s beta value is currently sitting at 0.46, while the Average True Range indicator is currently displaying 2.33.
To see how Gitlab Inc stock has been performing in comparison to its peers in the industry, here are the numbers: GTLB stock’s performance was 6.78% in the latest trading, and 70.30% in the past year.
An evaluation of the daily trading volume of Gitlab Inc (NASDAQ:GTLB) indicates that the 3-month average is 2.78 million.
Currently, records show that 114.67 million of the company’s shares remain outstanding. The insiders hold 29.18% of outstanding shares, whereas institutions hold 55.70%. However, since the stock’s price has seen -10.93% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
