Gap, Inc. (NYSE:GAP) traded at $22.43 at close of the session on current trade day and made a downward move of -1.62% on its previous day’s price.
Looking at the stock we see that its previous close was $22.80 and the beta (5Y monthly) reads 2.339 with the day’s price range being $21.68 – $22.61. The company has a trailing 12-month PE ratio of 11.12. In terms of its 52-week price range, GAP has a high of $30.75 and a low of $9.71. The company’s stock has lost about -3.40% over that past 30 days.
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Gap, Inc. has a market cap of $8.41 billion and is expected to release its quarterly earnings report in October. With its Forward Dividend at 0.60 and a yield of 2.67%, the company’s investors could be anxious for the GAP stock to gain ahead of the earnings release.
On the other hand, looking at the outlook for the GAP stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy.
Looking further, we note that the PEG ratio for the GAP stock currently stands at 0.77, and the current price level is -2.12% off its SMA20 and -2.99% from its 50-day simple moving average. The RSI (14) is pointing at 45.59 while the volatility over the past week is 6.25% and jumps to 5.12% over the past one month. The beta value is 2.35, while the average true range (ATR) is currently pointing at 1.20. The average price target for the stock over the next 12 months is $26, with the estimates having a low of $26 and a high of $26. These price ends are -15.92% and -15.92% off the current price level respectively, although investors could be excited at the prospect of a -15.92% if the GAP share price touches on the median price of $26.
Coming back to Gap, Inc. (NYSE:GAP), we note that the average 3-month trading volume was 8.05 million, while that of the preceding 10-day period stands at 7.4 million. Current shares outstanding are 372.00 million.
The insiders hold 40.54% of the company’s shares while institutions hold 63.77%. The data shows that short shares as of 2024-08-15, stood at 29.97 million at a short ratio of 4.35. This represents a 1539.00 short interest in shares outstanding on 2024-08-15. Shares short fall in August from the previous month at 38.91 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 7.27% up in year-to-date price movement.
