In the last trading session, 6.74 million shares of the Gitlab Inc (NASDAQ:GTLB) were traded, and its beta was 0.75. Most recently the company’s share price was $42.08, and it changed around $0.85 or 2.06% from the last close, which brings the market valuation of the company to $6.81B. GTLB currently trades at a discount to its 52-week high of $74.18, offering almost -76.28% off that amount. The share price’s 52-week low was $37.90, which indicates that the current value has risen by an impressive 9.93% since then.
Gitlab Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.43. If we narrow it down even further, the data shows that 0 out of 30 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 4 recommended GTLB as a Hold, whereas 19 deemed it a Buy, and 0 rated it as Underweight.
Gitlab Inc (NASDAQ:GTLB) trade information
Instantly GTLB has showed a green trend with a performance of 2.06% 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 49.87 on recent trading dayincreased the stock’s daily price by 15.62%. The company’s shares are currently down -25.32% year-to-date, but still down -13.49% over the last five days. On the other hand, Gitlab Inc (NASDAQ:GTLB) is -18.78% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $60.5, which translates to bulls needing to increase their stock price by 30.45% from its current value. Analyst projections state that GTLB is forecast to be at a low of $45 and a high of $76.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 46.64%. Gitlab Inc earnings are expected to increase by 1.43% in 2025, but the outlook is positive 19.19% per year for the next five years.
GTLB Dividends
Gitlab Inc’s next quarterly earnings report is expected to be released in July.
ALPHABET INC., with 6.1113% or 9.76 million shares worth $485.18 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
