Gap, Inc (NYSE:GAP) price closed lower on Tuesday,December 03, and dropping -0.08% below its previous close.
A look at the daily price movement shows that the last close reads $25.81, with intraday deals fluctuated between $25.15 and $26.04. The company’s 5Y monthly beta was ticking 2.347 while its P/E ratio in the trailing 12-month period read 11.99. Taking into account the 52-week price action we note that the stock hit a 52-week high of $30.75 and 52-week low of $18.34. The stock added 24.35% on its value in the past month.
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Gap, Inc, which has a market valuation of $9.73 billion, is expected to release its quarterly earnings report in January. The company stock has a Forward Dividend ratio of 0.60, while the dividend yield is 2.33%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
On average, analysts have forecast the company’s revenue for the quarter will hit 4.06B, with the likely lows of 4.02B and highs of 4.09B. The average estimate suggests sales growth for the quarter will likely fall by -5.42% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 15B for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 0.72% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give GAP a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.25. The overview shows that GAP’s price is at present 13.14% off the SMA20 and 17.55% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 70.83, with weekly volatility standing at 4.14%. The indicator jumps to 4.25% when calculated based on the past 30 days. Gap, Inc (NYSE:GAP)’s beta value is holding at 2.36, while the average true range (ATR) indicator is currently reading 1.06. Considering analysts have assigned the stock a price target range of $26-$26 as the low and high respectively, we find the trailing 12-month average consensus price target to be $26. Based on this estimate, we see that current price is roughly -0.81% off the estimated low and -0.81% off the forecast high. Investors will no doubt be excited to see the share price fall to $26, which is the median consensus price, and at that level GAP would be -0.81% from current price.
An analysis of the Gap, Inc (NYSE:GAP) stock in terms of its daily trading volume indicates that the 3-month average is 6.01 million. However, this figure increases on the past 10-day timeline to an average of 12.45 million.
Current records show that the company has 377.00M in outstanding shares. The insiders’ percentage holdings are 35.34% of outstanding shares while the percentage share held by institutions stands at 63.40%. The stats also highlight that short interest as of 2024-10-31, stood at 32.82 million shares, which puts the short ratio at the time at 8.07. From this we can glean that short interest is 1674.00 of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 28.34 million. But the 23.34% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
