Gap, Inc. (NYSE:GAP) price on Thursday, October 24, fall -0.23% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $21.43.
A look at the stock’s price movement, the close in the last trading session was $21.48, moving within a range at $21.4 and $21.75. The beta value (5-Year monthly) was 2.336 while the PE ratio in trailing twelve months stood at 10.62. Turning to its 52-week performance, $30.75 and $11.95 were the 52-week high and 52-week low respectively. Overall, GAP moved 5.00% over the past month.
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Gap, Inc.’s market cap currently stands at around $8.06 billion, with investors looking forward to this quarter’s earnings report slated for in November. The company has a Forward Dividend ratio of 0.60, with its dividend yield at 2.80%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GAP is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
The technical evaluation for the stock shows the PEG ratio is 0.22, with GAP’s current price about -0.21% and -1.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.05, while 7-day volatility ratio is 2.79% and 3.50% in the 30-day chart. Further, Gap, Inc. (GAP) has a beta value of 2.34, and an average true range (ATR) of 0.76. Analysts have given the company’s stock an average 52-week price target of $26, forecast between a low of $26 and high of $26. Looking at the price targets, the low is -21.33% off current price level while to achieve the yearly target high, price needs to move -21.33%. Nonetheless, investors will most likely welcome a -21.33% jump to $26 which is the analysts’ median price.
If we refocus on Gap, Inc. (NYSE:GAP), historical trading data shows that trading volumes averaged 3.79 over the past 10 days and 5.90 million over the past 3 months. The company’s latest data on shares outstanding shows there are 372.00 million shares.
The 39.92% of Gap, Inc.’s shares are in the hands of company insiders while institutional holders own 63.12% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 28.34 million on 2024-09-30, giving us a short ratio of 4.55. The data shows that as of 2024-09-30 short interest in Gap, Inc. (GAP) stood at 1446.0 of shares outstanding, with shares short rising to 26.43 million registered in 2024-08-30. Current price change has pushed the stock 2.49% 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.
