The Gap Inc. (NYSE:GPS) shares, rose in value on Friday, May 26, with the stock price up by 9.64% to the previous day’s close as strong demand from buyers drove the stock to $8.14.
Actively observing the price movement in the recent trading, the stock is buoying the session at $7.42, falling within a range of $7.22 and $7.66. The value of beta (5-year monthly) is 1.89. Referring to stock’s 52-week performance, its high was $15.49, and the low was $7.22. On the whole, GPS has fluctuated by -13.37% over the past month.
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With the market capitalization of The Gap Inc. currently standing at about $2.85 billion, investors are eagerly awaiting this quarter’s results, scheduled for Aug 23, 2023 – Aug 28, 2023. The company’s Forward Dividend Ratio is 0.60, with its dividend yield at 8.09%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.16, which is expected to increase to $0.53 for fiscal year $0.57 and then to about $0.85 by fiscal year 2025. Data indicates that the EPS growth is expected to be 242.50% in 2025, while the next year’s EPS growth is forecast to be 49.10%.
Analysts have estimated the company’s revenue for the quarter at $3.67 billion, with a low estimate of $3.57 billion and a high estimate of $3.78 billion. According to the average forecast, sales growth in current quarter could jump down -5.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $15.07 billion, representing a decrease of -3.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GPS’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GPS currently trading nearly -1.01% and -9.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.21, while the 7-day volatility ratio is showing 5.33% which for the 30-day chart, stands at 4.89%. Furthermore, The Gap Inc. (GPS)’s beta value is 1.91, and its average true range (ATR) is 0.48.
A comparison of The Gap Inc. (GPS) with its peers suggests the former has fared considerably weaker in the market. GPS showed an intraday change of 9.64% in today’s session so far, and over the past year, it shrunk by -23.62%%. In comparison, Amazon.com Inc. (AMZN) has moved higher at 3.90% today and is up 11.91% over the past 12 months. On the other hand, the price of The TJX Companies Inc. (TJX) has risen 1.07% today. The stock, however, is off 25.37% from where it was a year ago. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 1.05%. Meanwhile, the Dow Jones Industrial Improved by 0.92%.
Data on historical trading for The Gap Inc. (NYSE:GPS) indicates that the trading volumes over the past 10 days have averaged 10.5 million and over the past 3 months, they’ve averaged 9.49 million. According to company’s latest data on outstanding shares, there are 367.00 million shares outstanding.
Nearly 5.70% of The Gap Inc.’s shares belong to company insiders and institutional investors own 59.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 31.45 million shares as on May 14, 2023, resulting in a short ratio of 4.05. According to the data, the short interest in The Gap Inc. (GPS) stood at 8.55% of shares outstanding as of May 14, 2023; the number of short shares registered in Apr 13, 2023 reached 29.86 million. The stock has fallen by -27.88% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GPS stock heading into the next quarter.