Gap, Inc. (NYSE:GAP) price on current trading day, fall -0.45% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $24.44.
A look at the stock’s price movement, the close in the last trading session was $24.55, moving within a range at $23.5 and $24.54. The beta value (5-Year monthly) was 2.373877 while the PE ratio in trailing twelve months stood at 13.62. Turning to its 52-week performance, $30.75 and $9.38 were the 52-week high and 52-week low respectively. Overall, GAP moved 14.58% over the past month.
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Gap, Inc.’s market cap currently stands at around $9.17 billion, with investors looking forward to this quarter’s earnings report slated for in September. The company has a Forward Dividend ratio of 0.60, with its dividend yield at 2.45%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 3.63B for the company’s revenue for the quarter, with a low and high estimate of 3.57B and 3.69B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 14.92B, representing a 0.20% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GAP is a Hold. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 0.95, with GAP’s current price about 8.22% and 4.34% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.35, while 7-day volatility ratio is 3.46% and 4.68% in the 30-day chart. Further, Gap, Inc. (GAP) has a beta value of 2.35, and an average true range (ATR) of 1.09.
If we refocus on Gap, Inc. (NYSE:GAP), historical trading data shows that trading volumes averaged 5.93 over the past 10 days and 8.11 million over the past 3 months. The company’s latest data on shares outstanding shows there are 372.00 million shares.
The 40.55% of Gap, Inc.’s shares are in the hands of company insiders while institutional holders own 63.82% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 38.53 million on 2024-07-31, giving us a short ratio of 5.74. The data shows that as of 2024-07-31 short interest in Gap, Inc. (GAP) stood at 1978.0000999999997 of shares outstanding, with shares short rising to 34.94 million registered in 2024-06-28. Current price change has pushed the stock 16.88% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GAP stock continues to rise going into the next quarter.
