How Is GitLab Inc. (GTLB)’s Price-To-Earnings Ratio?

As of Thursday close, GitLab Inc.’s (NASDAQ:GTLB) stock was up $3.37, moving up 9.77 percent to $37.85. The average number of shares traded per day over the past five days has been 2,632,060 shares. 1 time new highs have been achieved over the past 5 days, with a -$9.94 fall in that time frame. In the last twenty days, the average volume was 1,617,590, while in the previous 50 days, it was 1,905,442.

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Since last month, GTLB stock retreated -19.52%. Shares of the company fell to $32.12 on 05/12/22, the lowest level in the past month. Since the beginning of this year, GTLB’s stock price has dropped by -56.49% or -$49.15, and marked a new high 1 time. However, the stock has declined by -72.37% since its 52-week high.

GitLab Inc. (GTLB) last reported insider trading activity 2 days ago on May 11. GV 2021 GP, L.L.C., the Member of 10% Group of the company, purchased of 76,136 shares for $34.71 on May 11. It resulted in a $2,642,642 investment by the insider. GV 2021 GP, L.L.C. added 255,647 shares at an average price of $34.65 on May 10. The insider now owns 479,695 shares following the transaction. On Dec 13, 10% Owner Makan Divesh bought 48,816 shares at $74.64 apiece. The transaction was valued at $3,643,546.

Financial Health

In the three months ended October 30, GitLab Inc.’s quick ratio stood at 4.40, while its current ratio was 4.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 88.10% percent. In the year ended October 30, operating margins totaled -51.10%. Based on annual data, GTLB earned $222.67 million in gross profit and brought in $252.65 million in revenue.

GTLB’s revenue rose 100.0% to $66.8 million during the quarter, while net income inched up to $185.85 million. While analysts expected GitLab Inc. to report -$0.48 quarterly earnings, the actual figure was -$0.34 per share, beating the consensus estimate by 29.20%. The value of shareholders’ equity is $147.6 million.

Technical Picture

This quick technical analysis looks at GitLab Inc.’s (GTLB) price momentum. With a historical volatility rate of 138.58%, the RSI 9-day stood at 36.25% on 12 May.

With respect to its five-day moving average, the current GitLab Inc. price is down by -20.80% percent or -$9.94. At present, GTLB shares trade -25.58% below its 20-day simple moving average and -55.83% percent below its 100-day simple moving average. However, the stock is currently trading approximately -31.78% below its SMA50.

Stochastic coefficient K was 15.82% and Stochastic coefficient D was 11.51%, while ATR was 5.98. Given the Stochastic reading of 25.29% for the 14-day period, the RSI (14) reading has been calculated as 38.60%. As of today, the MACD Oscillator reading stands at -6.93, while the 14-day reading stands at -9.62.


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