With 3.72 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.08 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $59.601 whereas the lowest price it dropped to was $58.12. The 52-week range on GTLB shows that it touched its highest point at $78.53 and its lowest point at $40.72 during that stretch. It currently has a 1-year price target of $80.50. Beta for the stock currently stands at 0.55.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GTLB was down-trending over the past week, with a drop of -11.48%, but this was down by -3.40% over a month. Three-month performance surged to 14.41% while six-month performance rose 36.01%. The stock lost -8.84% in the past year, while it has lost -6.18% so far this year. A look at the trailing 12-month EPS for GTLB yields -0.32 with Next year EPS estimates of 0.80. For the next quarter, that number is 0.23. This implies an EPS growth rate of 216.60% for this year and 25.86% for next year. EPS is expected to grow by 30.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -31.81%.
Float and Shares Shorts:
At present, 140.53 million GTLB shares are outstanding with a float of 120.17 million shares on hand for trading. On 2024-11-15, short shares totaled 4.89 million, which was 305.0 higher than short shares on 1728950400. In addition to Mr. Sytse Sijbrandij as the firm’s Co-Founder, Chairman, President & CEO, Mr. Brian G. Robins serves as its CFO & Interim Chief Accounting Officer.
Institutional Ownership:
Through their ownership of 0.82853997 of GTLB’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-31, GTLB reported revenue of $196047000.0 and operating income of -$28732000.0. The EBITDA in the recently reported quarter was -$30637000.0 and diluted EPS was $0.18.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GTLB since 21 analysts follow the stock currently. There are 16 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GTLB analysts setting a high price target of 90.0 and a low target of 65.0, the average target price over the next 12 months is 79.33778. Based on these targets, GTLB could surge 52.36% to reach the target high and rise by 10.04% to reach the target low. Reaching the average price target will result in a growth of 34.31% from current levels.
Analysts have provided yearly estimates in a range of $0.13823 being high and $0.09873846 being low. For GTLB, this leads to a yearly average estimate of $0.12836. Based on analyst estimates, the high estimate for the next quarter is $0.2 and the low estimate is $0.07. The average estimate for the next quarter is thus $0.15.
