The trading price of Gap, Inc. (NYSE:GAP) closed lower on current market day and closing at $23.34, -5.20% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $23.31 and $24.85. The company’s P/E ratio in the trailing 12-month period was 13.00, while its 5Y monthly beta was 2.374. In examining the 52-week price action we see that the stock hit a 52-week high of $30.75 and a 52-week low of $9.47. Over the past month, the stock has gained 8.86% in value.
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Gap, Inc., whose market valuation is $8.75 billion at the time of this writing, is expected to release its quarterly earnings report in September. The dividend yield on the company stock is 2.57%, while its Forward Dividend ratio is 0.60. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.4 per share this quarter, however they have predicted annual earnings per share of 1.74 for current year and 1.91 for next year.
Analysts have forecast the company to bring in revenue of 3.63B for the current quarter, with the likely lows of 3.57B and highs of 3.69B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 14.92B.
On the technical side, indicators suggest GAP has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.90, which symbolizes a positive outlook. A quick review shows that GAP’s price is currently 1.88% off the SMA20 and 0.01% off the SMA50. The RSI metric on the 14-day chart is currently showing 50.71, and weekly volatility stands at 4.46%. When measured over the past 30 days, the indicator reaches 4.95%. Gap, Inc. (NYSE:GAP)’s beta value is currently sitting at 2.35, while the Average True Range indicator is currently displaying 1.12.
To see how Gap, Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: GAP stock’s performance was -5.20% in the latest trading, and 144.91% in the past year. Gap, Inc. has a P/E ratio of 13.00.
An evaluation of the daily trading volume of Gap, Inc. (NYSE:GAP) indicates that the 3-month average is 8.07 million. However, this figure has increased over the past 10 days to an average of 6.05.
Currently, records show that 372.00 million of the company’s shares remain outstanding. The insiders hold 40.50% of outstanding shares, whereasinstitutions hold 63.79%. The stats also highlight that short interest as of 2024-07-31, stood at 38.53 million shares, resulting in a short ratio of 5.74 at that time. From this, we can conclude that short interest is 1978.00 of the company’s total outstanding shares. It is noteworthy that short shares in July were up slightly from the previous month’s figure, which was 34.94 million. However, since the stock’s price has seen 11.62% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
