The featured asset for today is GitLab Inc. (GTLB), with our AI strategy showing a potential return of 461.73% if traded between 2021-11-08 and 2024-02-27. On average, a trade would have made 35.52% in 44.0 days while holding a long position. There were a total of 13.0 positions taken during this period. Our trading idea suggests that GTLB is a STRONGBUY since 2024-03-07, with a buy price target of 67.35. This prediction is based on a model with an accuracy of 0.67 in predicting an upward trend in the following 2 weeks, historically. The analyst consensus price target for GTLB is 75.71.
GitLab Inc. (GTLB) is a leading technology company that specializes in software for the software development lifecycle. The company offers a platform called GitLab, which helps organizations to plan, build, secure, and deploy software efficiently. It was founded in 2011 and is headquartered in San Francisco, California.
The company operates in the technology sector and caters to customers in the United States, Europe, and the Asia Pacific. As of March 7, 2024, the company’s stock symbol GTLB was trading at 67.35, with a market capitalization of $9.27 billion.
Historic Performance and Share Price
GitLab Inc. went public in 2021 and has shown consistent growth since then. The company’s stock price has increased steadily over the years, with a significant jump in 2022. In 2023, the stock price reached its all-time high of 78.53, and it has been trading at a stable level since then.
The company’s financial performance has also been impressive. In the last reported quarter, which ended on January 31, 2024, GitLab Inc. reported a total revenue of $579.9 million, which was a 33.3% increase from the previous quarter. The company’s net loss for the quarter was $424.2 million, which was mainly due to increased operating expenses.
Current Company Overview and Sector
GitLab Inc. operates in the technology sector, which is known for its fast-paced and ever-evolving nature. The company’s main focus is on providing a comprehensive DevOps platform that streamlines the software development process for organizations. This sector has seen significant growth in recent years, and GitLab Inc. has been a key player in driving this growth.
The company’s longBusinessSummary states that its platform leads to faster cycle times and provides visibility and control over various stages of the DevOps lifecycle. This has been a major factor in attracting a large customer base, including big names like Adobe, IBM, and NVIDIA.
Audit and Governance Risks
GitLab Inc. has a strong governance structure in place, with a clear focus on risk management. The company has a board of directors and various committees that oversee the company’s operations and ensure compliance with laws and regulations. As reported on the company’s profile, the overall risk rating is 10 out of 10, indicating a well-managed and low-risk company.
Share Performance and Outlook
GitLab Inc.’s stock price has been on a steady rise over the years, and it is currently trading at 67.35. The company’s forward PE ratio of 94.90323 suggests that investors have high expectations for its future earnings. The company’s financial performance and increasing market demand for its services indicate that it has a positive outlook for the future.
In Conclusion
GitLab Inc. (GTLB) is a technology company that offers a comprehensive DevOps platform to streamline the software development process. The company has shown impressive growth since going public and has a strong financial and governance structure in place. With a growing customer base and positive outlook, GitLab Inc. is definitely a stock to watch out for in the technology sector.
sectorDisp: Technology
longBusinessSummary: GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle. The company helps organizations to plan, build, secure, and deploy software to drive business outcomes. It also provides related training and professional services. The company was formerly known as GitLab B.V. and changed its name to GitLab Inc. in July 2015. GitLab Inc. was founded in 2011 and is headquartered in San Francisco, California.
auditRisk: 8
boardRisk: 8
compensationRisk: 7
shareHolderRightsRisk: 10
overallRisk: 10
governanceEpochDate: 1709251200
compensationAsOfEpochDate: 1703980800
maxAge: 86400
priceHint: 2
previousClose: 74.47
open: 60.0
dayLow: 58.5
dayHigh: 66.1
regularMarketPreviousClose: 74.47
regularMarketOpen: 60.0
regularMarketDayLow: 58.5
regularMarketDayHigh: 66.1
forwardPE: 94.90323
volume: 21930183
regularMarketVolume: 21930183
averageVolume: 2409958
averageVolume10days: 2646830
averageDailyVolume10Day: 2646830
bid: 59.4
ask: 60.01
bidSize: 800
askSize: 800
marketCap: 9270771712
fiftyTwoWeekLow: 26.24
fiftyTwoWeekHigh: 78.53
priceToSalesTrailing12Months: 15.986681
fiftyDayAverage: 68.1064
twoHundredDayAverage: 52.46085
currency: USD
profitMargins: -0.73144996
sharesOutstanding: 107900000
sharesShort: 4322552
sharesShortPriorMonth: 5441072
sharesShortPreviousMonthDate: 1705017600
dateShortInterest: 1707955200
sharesPercentSharesOut: 0.0278
heldPercentInsiders: 0.0547
heldPercentInstitutions: 0.83833003
shortRatio: 1.73
shortPercentOfFloat: 0.0435
impliedSharesOutstanding: 157559008
bookValue: 3.669
priceToBook: 16.037067
lastFiscalYearEnd: 2024-01-31T00:00:00.000000000
nextFiscalYearEnd: 2025-01-31T00:00:00.000000000
mostRecentQuarter: 2024-01-31T00:00:00.000000000
netIncomeToCommon: -424174016
trailingEps: -2.84
forwardEps: 0.62
pegRatio: 5.58
52WeekChange: 0.4941814
SandP52WeekChange: 0.28712332
exchange: NMS
quoteType: EQUITY
symbol: GTLB
underlyingSymbol: GTLB
shortName: GitLab Inc.
longName: GitLab Inc.
firstTradeDateEpochUtc: 1634218200
timeZoneFullName: America/New_York
timeZoneShortName: EST
uuid: 30cd6cdf-8b97-38f5-867a-6fa7750de558
messageBoardId: finmb_286753997
gmtOffSetMilliseconds: -18000000
currentPrice: 58.84
targetHighPrice: 88.0
targetLowPrice: 55.0
targetMeanPrice: 75.71
targetMedianPrice: 80.0
recommendationMean: 2.1
recommendationKey: buy
numberOfAnalystOpinions: 17
totalCash: 1036284992
ebitda: -180904992
quickRatio: 1.817
currentRatio: 1.935
totalRevenue: 579905984
revenuePerShare: 3.725
returnOnAssets: -0.09421
returnOnEquity: -0.59339
freeCashflow: 224422000
operatingCashflow: 35040000
revenueGrowth: 0.333
grossMargins: 0.89704
ebitdaMargins: -0.31195998
operatingMargins: -0.21299
financialCurrency: USD
trailingPegRatio: nan
Symbol: GTLB
Date | Symbol | Prediction | Model Accuracy | Price Target | Analysts Target |
---|---|---|---|---|---|
2024-03-07 | GTLB | STRONGBUY | 0.67 | 67.35 | 75.71 |
2024-02-16 | GTLB | WEAKBUY | 0.67 | 74.39 | 75.71 |
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