Gitlab Inc Stock Price on June 6, 2022
| GTLB Stock | USD 52.56 0.95 1.78% |
If you're considering investing in Gitlab Stock, it is important to understand the factors that can impact its price. As of today, the current price of Gitlab stands at 52.56, as last reported on the 19th of April, with the highest price reaching 53.96 and the lowest price hitting 52.41 during the day. Gitlab Inc holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Gitlab Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gitlab's Risk Adjusted Performance of (0.02), market risk adjusted performance of (0.08), and Standard Deviation of 3.7 to validate the risk estimate we provide.
At present, Gitlab's Other Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Sale Purchase Of Stock is expected to grow to about 13.6 M, whereas Total Stockholder Equity is forecasted to decline to about 385.2 M. . At present, Gitlab's Price Book Value Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price To Operating Cash Flows Ratio is expected to grow to 328.76, whereas Price To Sales Ratio is forecasted to decline to 17.97. Gitlab Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Gitlab |
Sharpe Ratio = -0.1053
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| Negative Returns | GTLB |
Estimated Market Risk
| 3.68 actual daily | 32 68% of assets are more volatile |
Expected Return
| -0.39 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Gitlab is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Gitlab by adding Gitlab to a well-diversified portfolio.
Price Book 15.8524 | Enterprise Value Ebitda (44.32) | Price Sales 15.6082 | Shares Float 105.6 M | Wall Street Target Price 72.82 |
Gitlab Valuation on June 6, 2022
It is possible to determine the worth of Gitlab on a given historical date. On June 6, 2022 Gitlab was worth 42.25 at the beginning of the trading date compared to the closed value of 39.84. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gitlab stock. Still, in general, we apply an absolute valuation method to find Gitlab's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Gitlab where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gitlab's related companies.
| Open | High | Low | Close | Volume | |
| 43.01 | 43.75 | 40.28 | 40.93 | 1,650,000 | |
06/06/2022 | 42.25 | 42.55 | 38.75 | 39.84 | 3,063,300 |
| 44.13 | 51.98 | 43.65 | 51.00 | 8,332,400 |
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Gitlab Trading Date Momentum on June 6, 2022
| On June 07 2022 Gitlab Inc was traded for 51.00 at the closing time. The top price for the day was 51.98 and the lowest listed price was 43.65 . The trading volume for the day was 8.3 M. The trading history from June 7, 2022 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 28.01% . The overall trading delta against the current closing price is 13.15% . |
Gitlab Inc Fundamentals Correlations and Trends
By evaluating Gitlab's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Gitlab's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Gitlab financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Gitlab Stock history
Gitlab investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Gitlab is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Gitlab Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Gitlab stock prices may prove useful in developing a viable investing in Gitlab
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 154.3 M | 142.4 M | |
| Net Loss | -155.1 M | -162.8 M |
Gitlab Quarterly Net Working Capital |
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Gitlab Stock Technical Analysis
Gitlab technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Gitlab Period Price Range
Low | June 6, 2022
| High |
42.25 | 39.84 |
Gitlab April 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Gitlab stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gitlab shares will generate the highest return on investment. By undertsting and applying Gitlab stock market strength indicators, traders can identify Gitlab Inc entry and exit signals to maximize returns
| Accumulation Distribution | 273573.0 | |||
| Daily Balance Of Power | (0.63) | |||
| Rate Of Daily Change | 0.94 | |||
| Day Median Price | 40.65 | |||
| Day Typical Price | 40.38 | |||
| Price Action Indicator | (2.01) | |||
| Period Momentum Indicator | 12.72 |
Gitlab Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gitlab's price direction in advance. Along with the technical and fundamental analysis of Gitlab Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gitlab to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.09) |
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| Statistic Functions | ||
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| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gitlab Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Gitlab Stock analysis
When running Gitlab's price analysis, check to measure Gitlab's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gitlab is operating at the current time. Most of Gitlab's value examination focuses on studying past and present price action to predict the probability of Gitlab's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gitlab's price. Additionally, you may evaluate how the addition of Gitlab to your portfolios can decrease your overall portfolio volatility.
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Is Gitlab's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gitlab. If investors know Gitlab will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gitlab listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.75) | Revenue Per Share 3.759 | Quarterly Revenue Growth 0.333 | Return On Assets (0.09) | Return On Equity (0.59) |
The market value of Gitlab Inc is measured differently than its book value, which is the value of Gitlab that is recorded on the company's balance sheet. Investors also form their own opinion of Gitlab's value that differs from its market value or its book value, called intrinsic value, which is Gitlab's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gitlab's market value can be influenced by many factors that don't directly affect Gitlab's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gitlab's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gitlab is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gitlab's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.