Analyzing GitLab Inc. (GTLB) By Technical Indicators

As of Friday close, GitLab Inc.’s (NASDAQ:GTLB) stock was up $2.5, moving up 3.95 percent to $65.83. The average number of shares traded per day over the past five days has been 1,551,740 shares. 5 times new highs have been achieved over the past 5 days, with a $8.43 gain in that time frame. In the last twenty days, the average volume was 1,381,070, while in the previous 50 days, it was 1,879,848.

Since last month, GTLB stock rose 11.41%. Shares of the company fell to $51.38 on 07/26/22, the lowest level in the past month. Since the beginning of this year, GTLB’s stock price has dropped by -24.33% or -$21.17, and marked a new high 1 time. However, the stock has declined by -51.95% since its 52-week high.

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GitLab Inc. (GTLB) last reported insider trading activity 29 days ago on Jul 08. August Capital Management VII, the 10% Owner of the company, disposed of 43,573 shares for $57.54 on Jul 08. It resulted in a $2,507,229 divestment by the insider. August Capital Management VII, sold 56,427 shares at an average price of $58.71 on Jul 07. The insider now owns 86,027 shares following the transaction. On Jul 06, 10% Owner August Capital Management VII, sold 70,000 shares at $56.57 apiece. The transaction was valued at $3,959,974.

Financial Health

In the three months ended April 29, GitLab Inc.’s quick ratio stood at 4.50, while its current ratio was 4.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 88.50% percent. In the year ended April 29, operating margins totaled -44.10%. Based on annual data, GTLB earned $222.67 million in gross profit and brought in $252.65 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -16.40%. Return on equity (ROE) for the past 12 months was -29.70%.

GTLB’s revenue rose 100.0% to $185.85 million during the quarter, while net income inched up to $87.41 million. While analysts expected GitLab Inc. to report -$0.27 quarterly earnings, the actual figure was -$0.18 per share, beating the consensus estimate by 33.30%. During the quarter, the company generated -$30.92 million in EBITDA. The liabilities of GitLab Inc. were 280.75 million at the end of its most recent quarter ended April 29. The value of shareholders’ equity is $147.7 million.

Technical Picture

This quick technical analysis looks at GitLab Inc.’s (GTLB) price momentum. With a historical volatility rate of 46.69%, the RSI 9-day stood at 75.77% on 05 August.

With respect to its five-day moving average, the current GitLab Inc. price is up by +14.69% percent or $8.43. At present, GTLB shares trade +13.85% above its 20-day simple moving average and +98.88% percent above its 100-day simple moving average. However, the stock is currently trading approximately +88.95% above its SMA50 and -38.89% below its SMA200.

Stochastic coefficient K was 93.83% and Stochastic coefficient D was 90.18%, while ATR was 3.92. Given the Stochastic reading of 95.47% for the 14-day period, the RSI (14) reading has been calculated as 68.83%. As of today, the MACD Oscillator reading stands at 4.99, while the 14-day reading stands at 5.59.

Analyst Ratings

Needham launched its rating on GitLab Inc. (NASDAQ: GTLB) to a Buy in a note to investors on July 07, 2022. GitLab Inc. (GTLB) has been rated Buy by analysts. According to 0 brokerage firms, GTLB is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate GitLab Inc. stock as buy, with 11 recommending it as overweight.


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