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.
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| Latest market close | $49.97 |
|---|---|
| 52-week range | $40.19 - $78.53 |
| 50-day moving average | $48.99 |
| 200-day moving average | $55.75 |
| Wall St. target price | $65.74 |
| PE ratio | N/A |
| Dividend yield | N/A |
| Earnings per share (TTM) | $-2.34 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Historical closes compared with the close of $49.97 from 2024-10-08
| 1 week (2024-10-03) | 2.48% |
|---|---|
| 1 month (2024-09-10) | -11.09% |
| 3 months (2024-07-10) | -1.44% |
| 6 months (2024-04-10) | -13.77% |
| 1 year (2023-10-10) | 4.78% |
|---|---|
| 2 years (2022-10-10) | 0.83% |
| 3 years (2021-10-06) | N/A |
| 5 years (2019-10-06) | N/A |
| Revenue TTM | $665.2 million |
|---|---|
| Gross profit TTM | $372.7 million |
| Return on assets TTM | -8.12% |
| Return on equity TTM | -48.25% |
| Profit margin | -54.62% |
| Book value | $4.01 |
| Market Capitalization | $8 billion |
TTM: trailing 12 months
We're not expecting GitLab to pay a dividend over the next 12 months.
You may also wish to consider:
Over the last 12 months, GitLab's shares have ranged in value from as little as $40.19 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 0.459. This would suggest that GitLab's shares are less volatile than average (for this exchange).
To put GitLab's beta into context you can compare it against those of similar companies.
GitLab Inc. , through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle. The company helps organizations to plan, build, secure, and deploy software to drive business outcomes. It also provides related training and professional services. The company was formerly known as GitLab B. V.
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