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The Gap Inc. (NYSE: GPS) Rises 2.95% In Recent Trading, What’s Next?

The Gap Inc. (NYSE:GPS) traded at $14.67 at close of the session on Tuesday, 11/22/22, made an upward move of 2.95% on its previous day’s price.

Looking at the stock we see that its previous close was $14.25 and the beta (5Y monthly) reads 1.67 with the day’s price range being $14.355 – $15.105. In terms of its 52-week price range, GPS has a high of $24.94 and a low of $7.79. The company’s stock has gained about 38.92% over that past 30 days.

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The Gap Inc. has a market cap of $4.96 billion and is expected to release its quarterly earnings report on Nov 17, 2022. With its Forward Dividend at 0.60 and a yield of 4.09%, the company’s investors could be anxious for the GPS stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at -$0.26 for 2023 and $0.72 for next year. These figures represent -118.10% and 376.90% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $3.79 billion, with a low of $3.49 billion and a high of $4.03 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $15.61 billion, or -6.40% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the GPS stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.

Based on estimates by 21 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 13 have rated the The Gap Inc. (GPS) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 2 of them rated it as underweight, whereas 4 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 25.37% off its SMA20 and 42.53% from its 50-day simple moving average. The RSI (14) is pointing at 75.36 while the volatility over the past week is 6.90% and jumps to 5.35% over the past one month. The beta value is 1.77, while the average true range (ATR) is currently pointing at 0.74. The average price target for the stock over the next 12 months is $11.54, with the estimates having a low of $7.00 and a high of $18.00. These price ends are 52.28% and -22.7% off the current price level respectively, although investors could be excited at the prospect of a 18.2% if the GPS share price touches on the median price of $12.00.

Let’s briefly compare The Gap Inc. (GPS) stock to its peers. We find that current price change of 2.95% and -38.72% over the past 12 months for GPS competes that of Amazon.com Inc. (AMZN), which has seen its stock price rise 0.80% in the last trading session and was -47.82% over the last one year. Another of its peers The TJX Companies Inc. (TJX) has gained 1.41% previous session, and was 14.64% up over the past year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.36% and 1.18%, respectively, at close of the trading.

Coming back to The Gap Inc. (NYSE:GPS), we note that the average 3-month trading volume was 8.67 million, while that of the preceding 10-day period stands at 14.04 million. Current shares outstanding are 367.00 million.

The insiders hold 5.70% of the company’s shares while institutions hold 59.50%. The data shows that short shares as of Oct 13, 2022, stood at 29.31 million at a short ratio of 4.07. This represents a 8.06% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 28.94 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -16.88% down in year-to-date price movement.

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