Gitlab Inc (NASDAQ:GTLB) currently has a daily average trading volume of 1.92M but it saw 1063375 shares traded in last market. With a market cap of 8.51B USD, the company’s current market price of $53.06 came falling about -3.26 while comparing to the previous closing price of $54.85. In past 52 weeks, the stock remained buoying in the range of price level as high as $78.53 and as low as $40.19. In the recent trading on the day, stock has struck highest price mark of $52.44 while lowest mark touched by it was $54.6199.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Needham which upgraded the stock as “Buy” in its note to investors issued on October 21, 2024, recommending a price target of $70 for it. BofA Securities issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $80 and $66.
Over the week, GTLB’s stock price is moving -2.37% down while it is -0.06% when we observe its performance for the past one month. Year-to-date it is -15.72% down and over the past year, the stock is showing an upside performance of 19.50%.
Currently, Gitlab Inc’s total number of outstanding shares is 160.46M. Company’s return on investment (ROI) stands at -56.52% and return on equity (ROE) at -50.94%. It has a 82.30 of forward P/E ratio. Stock’s beta reads 0.47. Stock has a price to book (P/B) ratio of 13.24 while price to sale or P/S ratio amounts to 12.80. Its return on asset (ROA) is -28.33% on average.
