Gap, Inc. (NYSE:GPS) does about 7.45M shares in volume on a normal day but saw 9694758 shares change hands in Monday trading. The company now has a market cap of 10.42B USD. Its current market price is $27.91, marking a decrease of -0.61% compared to the previous close of $28.08. The 52 week high reached by this stock is $28.59 whilst the lowest price level in 52 weeks is $7.22.
Gap, Inc. (GPS) has a 20-day trading average at $22.54 and the current price is -2.38% off the 52-week high compared with 286.57% distance from its 52-week low. The 50-day simple moving average of the closing price is $20.73 and its 200-day simple moving average is $15.05. If we look at the stock’s price movements over the week, volatility stands at 4.86%, which decreases to 4.71% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 81.16 to suggest the stock is overbought.
The consensus objective for the share price is $20.85, suggesting that the stock has a potential downside of -33.86% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 08, 2024 when Telsey Advisory Group reiterated the stock to “Market Perform” and issued a price target of between $17 and $22. JP Morgan upgraded the stock to “Neutral” from Underweight on February 26, 2024 at a price target of $16-$20. Telsey Advisory Group reiterated its price target at $11-$17.
Gap, Inc. (GPS) stock is up 13.04% over the week and 43.50% over the past month. Its price is 33.48% year-to-date and 215.72% over the past year.
The stock last released its quarterly earnings report for quarter ended 1/30/2024, with the company’s earnings per share (EPS) of $0.49 above consensus estimates by $0.27. GPS’s earnings per share are forecast to shrink by -2.10% this year and 12.10% over next year. Expected sales for next quarter are $3.56 billion, which analysts say will come at $14.8 billion for the current fiscal year and next year at $15.06 billion. In addition, estimates put the company’s current quarterly revenue at an average of $3.28 billion.
To reach the target analysts have set, the stock logically needs to shrink -33.86 percent from here.
Outstanding shares total 372.00M with insiders holding 41.39% of the shares and institutional holders owning 59.97% of the company’s common stock. The company has a return on investment of 6.75% and return on equity of 20.80%. The price to earnings ratio (P/E ratio) amounts to 20.93 while the forward price to earnings ratio is 17.75. The beta has a value of 2.26. Price to book ratio is 4.00 and price to sales ratio is 0.70.
