Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Gitlab Inc’s current trading price is -23.02% away from its 52-week high, while its distance from the 52-week low is 48.45%. The stock’s price range during this period has varied between $40.72 and $78.53. The company, active in the Technology sector, saw a trading volume of around 1.73 million for the day, considerably lower average daily volume of 2.24 million observed over the last three months.
The stock market performance of Gitlab Inc has been fairly unsteady. Over the last year, the company’s stock hit its highest at $78.53 on 02/09/24, while the lowest price during the same time frame was $40.72, recorded on 08/08/24.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
How Financial Performance Impacts Market Capitalization
Gitlab Inc (GTLB) has experienced a quarterly rise of 17.31% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 9.88B and boasts a workforce of 2130 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 54.54, with a change in price of +12.74. Similarly, Gitlab Inc recorded 2,254,738 in trading volume during the last 100 days, posting a change of +26.70%.
How GTLB’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for GTLB stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.
GTLB Stock Stochastic Average
As of today, the raw stochastic average of Gitlab Inc over the last 50 days is at 38.03%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 28.45%. Further, the company’s Stochastic %K and %D values for the last 20 days were 26.52% and 18.39%, respectively.
GTLB Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. This year’s metric has recorded a Price decrease of -3.76%. However, over the past six months, we’ve seen a weaker performance of 24.77%. The price of GTLB leaped by -9.05% over the last 30 days. And in the last five days, it has surged by 2.45%.
