GitLab Inc. (NASDAQ: GTLB) In 2021: Will It Be Worth Investing In? – Marketing Sentinel
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GitLab Inc. (NASDAQ: GTLB) In 2021: Will It Be Worth Investing In?

In the last trading session, 1.18 million shares of the GitLab Inc. (NASDAQ:GTLB) were traded. Most recently the company’s share price was $94.79, and it changed around -$7.76 or -7.57% from the last close, which brings the market valuation of the company to $14.04B. GTLB currently trades at a discount to its 52-week high of $137.00, offering almost -44.53% off that amount. The share price’s 52-week low was $93.11, which indicates that the current value has risen by an impressive 1.77% since then. We note from GitLab Inc.’s average daily trading volume that its 10-day average is 0.4 million shares, with the 3-month average coming to 1.07 million.

GitLab Inc. (NASDAQ:GTLB) trade information

Instantly GTLB has showed a red trend with a performance of -7.57% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 124.28 on Tuesday, 11/23/21 increased the stock’s daily price by 23.73%. The company’s shares are currently down -8.76% year-to-date, but still down -22.07% over the last five days. On the other hand, GitLab Inc. (NASDAQ:GTLB) is -22.24% down in the 30-day period. We can see from the shorts that 0.97 million shares have been sold at a short interest cover period of 0.49 day(s).

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The consensus price target as assigned by Wall Street analysts is $135.67, which translates to bulls needing to increase their stock price by 30.13% from its current value. Analyst projections state that GTLB is forecast to be at a low of $100.00 and a high of $175.00. In order for the stock price to hit the forecast high, the stock would need to plunge -84.62% from its current level, while the stock would need to crash -5.5% from its current level to reach the projected low.

GitLab Inc. (GTLB) estimates and forecasts

GTLB Dividends

GitLab Inc.’s next quarterly earnings report is expected to be released in December.

GitLab Inc. (NASDAQ:GTLB)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 1.15% of GitLab Inc. shares, and 63.54% of them are in the hands of institutional investors. The stock currently has a share float of 64.28%.

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