Gap, Inc. (NYSE:GPS) traded at $22.02 at close of the session on Tuesday, July 23, made an upward move of 0.55% on its previous day’s price.
Looking at the stock we see that its previous close was $21.90 . The company has a trailing 12-month PE ratio of 12.27. In terms of its 52-week price range, GPS has a high of $30.75 and a low of $9.19. The company’s stock has lost about -10.85% over that past 30 days.
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Gap, Inc. has a market cap of $8.26 billion. With its Forward Dividend at 0.60 and a yield of 2.72%, the company’s investors could be anxious for the GPS stock to gain ahead of the earnings release.
Based on estimates by 16 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Gap, Inc. (GPS) stock as a Hold, while 7 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 4 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the GPS stock currently stands at 0.85, and the current price level is -6.35% off its SMA20 and -7.43% from its 50-day simple moving average. The RSI (14) is pointing at 40.49 while the volatility over the past week is 4.23% and jumps to 3.77% over the past one month. The beta value is 2.37, while the average true range (ATR) is currently pointing at 1.00. The average price target for the stock over the next 12 months is $20, with the estimates having a low of $8 and a high of $40. These price ends are 63.67% and -81.65% off the current price level respectively, although investors could be excited at the prospect of a 9.17% if the GPS share price touches on the median price of $20.
Coming back to Gap, Inc. (NYSE:GPS), we note that the average 3-month trading volume was 8.09 million, while that of the preceding 10-day period stands at 6.89 million. Current shares outstanding are 372.00 million.
The insiders hold 40.45% of the company’s shares while institutions hold 61.23%. The data shows that short shares as of 2024-06-28, stood at 34.94 million at a short ratio of 3.21. This represents a 17.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.94000117.940001 short interest in shares outstanding on 2024-06-28. Shares short fall in June from the previous month at 35.38 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 5.31% up in year-to-date price movement.
