GTLB Investors, You Need to Know These Facts Today.

By Blake Campbell • Tuesday, December 06 12:08 • Permanent Link

Mid-cap Technology company GitLab has moved 5.6% so far today on a volume of 7,572,778, compared to its average of 1,810,411. In contrast, the S&P 500 index moved -1.0%

GitLab trades -41.03% away from its average analyst target price of $68.67 per share. The 12 analysts following the stock have set target prices ranging from $45 to $104, and on average have given GitLab a rating of buy. GitLab has moved -53.1% over the last year, and the S&P 500 logged a change of -14.7%

GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. Based in San Francisco, the company has 1,630 full time employees and a market cap of $6,025,655,808.

Based on its trailing earning per share of -1.49, GitLab has a trailing 12 month Price to Earnings (P/E) ratio of -27.3 while the S&P 500 average is 15.97. GTLB has a forward P/E ratio of -62.3 based on its forward 12 month price to earnings (Eps) is $-0.65 per share. The company has a price to earnings growth (PEG) ratio of -2.01 -- a number near or below 1 signifying that GitLab is fairly valued compared to its estimated growth potential

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.