GitLab, a San Francisco-based producer of software development and IT web-based lifecycle tools, completed its IPO Thursday, selling 10.4 million shares at $77 each, raising $800 million for an $11 billion valuation.
The company had upsized its expected pricing range to $66 to $69 per share from $55 to $60.
Shares of GTLB began trading on the Nasdaq Thursday at $77.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, GitLab's shares have ranged in value from as little as $28.39 up to $78.5299. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while GitLab's is 0.454. This would suggest that GitLab's shares are less volatile than average (for this exchange).
Historical closes compared with the last close of $55.21
| 1 week (2024-04-30) | 3.47% |
|---|---|
| 1 month (2024-04-07) | -5.78% |
| 3 months (2024-02-07) | -27.54% |
| 6 months (2023-11-07) | 23.40% |
| 1 year (2023-05-07) | 82.75% |
| 2 years (2022-05-05) | 30.30% |
| 3 years (2021-05-01) | N/A |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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