Gitlab Inc (NASDAQ:GTLB) shares, rose in value on Thursday, March 27, with the stock price down by -2.37% to the previous day’s close as strong demand from buyers drove the stock to $50.18.
Actively observing the price movement in the last trading, the stock closed the session at $51.40, falling within a range of $49.705 and $51.13. The value of beta (5-year monthly) was 0.675. Referring to stock’s 52-week performance, its high was $74.18, and the low was $40.72. On the whole, GTLB has fluctuated by -17.74% over the past month.
With the market capitalization of Gitlab Inc currently standing at about $8.23 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-02.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 944.55M, with a low estimate of 212.4M and a high estimate of 218.79M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 213.25M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GTLB’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of GTLB currently trading nearly -6.71% and -18.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.32, while the 7-day volatility ratio is showing 3.16% which for the 30-day chart, stands at 5.65%. Furthermore, Gitlab Inc (GTLB)’s beta value is 0.73, and its average true range (ATR) is 2.87.
A comparison of Gitlab Inc (GTLB) with its peers suggests the former has fared considerably weaker in the market. GTLB showed an intraday change of -2.37% in last session, and over the past year, it shrunk by -14.66%%.
Data on historical trading for Gitlab Inc (NASDAQ:GTLB) indicates that the trading volumes over the past 10 days have averaged 1.85 and over the past 3 months, they’ve averaged 2.79 million. According to company’s latest data on outstanding shares, there are 144.44 million shares outstanding.
Nearly 19.82% of Gitlab Inc’s shares belong to company insiders and institutional investors own 67.79% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.35 million shares as on 2025-03-14, resulting in a short ratio of 2.87. According to the data, the short interest in Gitlab Inc (GTLB) stood at 694.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 10.49 million. The stock has fallen by -10.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GTLB stock heading into the next quarter.
