Shares of Mid-cap technology company GitLab moved 3.5 this morning, and are now trading at $28.68 per share. On the other hand, the average analyst target price for the stock is $46.69.
GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.
Potential GitLab Investors Should Analyze the Following:
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GitLab has moved -24.9% over the last year.
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The company has a price to earnings growth (PEG) ratio of -2.7. A number between 0 and 1 could mean that the market is undervaluing GitLab's estimated growth potential
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Its Price to Book (P/B) ratio is 5.62
Understanding GitLab's Operating Margins
| Date Reported | Total Revenue ($ k) | Operating Expenses ($ k) | Operating Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023-01-31 | 424,336 | 584,067 | -49.82 | 2.39 |
| 2022-01-31 | 252,653 | 351,625 | -51.04 | 63.69 |
| 2021-01-31 | 152,176 | 347,597 | -140.55 | 11.06 |
| 2020-01-31 | 81,227 | 200,218 | -158.03 | n/a |
Averaging out to -99.9% over the last 4 years, GitLab's operating margins also have a high coefficient of variability, which stands at 57.6%. On the other hand, we note that the firm's margins are growing at a 25.1% compounded average yearly rate.
