GTLB Trading at P/S of 15.69X: How Should Investors Approach the Stock?

GitLab (GTLB) shares are currently overvalued, as suggested by its Value Score of F.In terms of the forward 12-month price/sales (P/S), GTLB is trading at 15.69X, higher than its median of 10.72X and the Zacks Computer and Technology sector’s 6.48X.Price/Sales Ratio (F12M)Image Source: Zacks Investment ResearchIn the year-to-date period, GitLab shares have risen 29.8%, outperforming the broader sector’s appreciation of 1.8% and the Zacks Internet – Software industry’s return of 16.9%.GTLB shares have been r ...