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 $46.69.
GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.
Potential GitLab Investors Should Analyze the Following:
GitLab has moved -24.9% over the last year.
The company has a price to earnings growth (PEG) ratio of -2.7. A number between 0 and 1 could mean that the market is undervaluing GitLab's estimated growth potential
Its Price to Book (P/B) ratio is 5.62
Understanding GitLab's Operating Margins
|Date Reported||Total Revenue ($ k)||Operating Expenses ($ k)||Operating Margins (%)||YoY Growth (%)|
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.