Gitlab Inc (NASDAQ:GTLB) currently has a daily average trading volume of 2.78M but it saw 3422978 shares traded in last market. With a market cap of 7.87B USD, the company’s current market price of $47.60 came falling about -5.10 while comparing to the previous closing price of $50.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $74.18 and as low as $37.90.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Macquarie which initiated the stock as “Outperform” in its note to investors issued on December 12, 2024, recommending a price target of $90 for it. Needham upgraded its recommendation for the stock as a “Buy” from “Hold” on October 21, 2024 while assigning a price target of $70. Morgan Stanley also issued its recommendations for the stock as it initiated the price target for the stock is $70.
Over the week, GTLB’s stock price is moving -10.91% down while it is 14.56% when we observe its performance for the past one month. Year-to-date it is -15.53% down and over the past year, the stock is showing a downside performance of -15.39%.
Currently, Gitlab Inc’s total number of outstanding shares is 144.44M with 3.79% of that held by the insiders while 87.61% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.17% and return on equity (ROE) at -0.20%. It has a 51.67 of forward P/E ratio. Stock’s beta reads 0.79. Stock has a price to book (P/B) ratio of 10.06 while price to sale or P/S ratio amounts to 10.36. Its return on asset (ROA) is -0.10% on average.
