Gitlab Inc (NASDAQ:GTLB) price closed lower on current market day and dropping -0.27% below its previous close.
A look at the daily price movement shows that the last close reads $48.64. Taking into account the 52-week price action we note that the stock hit a 52-week high of $74.18 and 52-week low of $37.90. The stock subtracted -1.32% on its value in the past month.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 21 analysts have assigned GTLB a recommendation rating as follows: 5 rate it as a Hold; 16 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Gitlab Inc (GTLB) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that GTLB’s price is at present -0.17% off the SMA20 and 4.26% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 52.63, with weekly volatility standing at 1.53%. The indicator jumps to 2.36% when calculated based on the past 30 days. Gitlab Inc (NASDAQ:GTLB)’s beta value is holding at 0.76, while the average true range (ATR) indicator is currently reading 2.03. Considering analysts have assigned the stock a price target range of $45-$76 as the low and high respectively, we find the trailing 12-month average consensus price target to be $60.5. Based on this estimate, we see that current price is roughly 7.24% off the estimated low and -56.67% off the forecast high. Investors will no doubt be excited to see the share price fall to $60.5, which is the median consensus price, and at that level GTLB would be -24.72% from current price.
Current records show that the company has 144.44M in outstanding shares. The insiders’ percentage holdings are 17.80% of outstanding shares while the percentage share held by institutions stands at 73.89%. But the -13.91% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
