Gap, Inc (NYSE:GAP) does about 5.99M shares in volume on a normal day but saw 15406618 shares change hands in the recent trading day. The company now has a market cap of 9.34B USD. Its current market price is $24.83, marking a decrease of -0.16% compared to the previous close of $24.87. The 52 week high reached by this stock is $30.75 whilst the lowest price level in 52 weeks is $18.34. The script in recent trading has seen the stock touch a high of $26 and a low of $26.
Gap, Inc (GAP) has a 20-day trading average at $21.89 and the current price is -19.25% off the 52-week high compared with 35.40% distance from its 52-week low. The 50-day simple moving average of the closing price is $21.48 and its 200-day simple moving average is $22.42. If we look at the stock’s price movements over the week, volatility stands at 5.98%, which decreases to 3.90% 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 69.45 to suggest the stock is neutral.
The consensus objective for the share price is $28.75, suggesting that the stock has a potential upside of 13.63% over the period. The median price target is 4.5% away from the current levels at $26.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 30, 2024 when Telsey Advisory Group reiterated the stock to “Market Perform” and issued a price target of between $29 and $26. BofA Securities upgraded the stock to “Neutral” from Underperform on July 31, 2024 at a price target of $18.50-$25. Morgan Stanley upgraded its price target at $27-$29.
The current price level is 13.45%, 15.60%, and 10.76% away from its SMA20, SMA50, and SMA200 respectively, with the GAP price moving above the 50-day SMA on current market day. Gap, Inc (GAP) stock is up 16.25% over the week and 14.90% over the past month. Its price is 18.75% year-to-date and 31.65% over the past year.
The stock last released its quarterly earnings report for quarter ended 10/31/2024, with the company’s earnings per share (EPS) of 0.49 above consensus estimates by 0.21. The company’s next earnings report forecasts estimating quarterly EPS at 0.4 and 2.0 for whole year. Expected sales for next quarter are $3.43B, which analysts say will come at $15B for the current fiscal year and next year at $15.24B. In addition, estimates put the company’s current quarterly revenue at an average of $4.06B.
Its 12-month price target is $26. To reach the target analysts have set, the stock logically needs to grow 13.63 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $26, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $26.
Outstanding shares total 372.00M with insiders holding 40.79% of the shares and institutional holders owning 64.93% of the company’s common stock. The company has a return on investment of 10.31% and return on equity of 29.42%. The price to earnings ratio (P/E ratio) amounts to 11.52 while the forward price to earnings ratio is 11.65. The beta has a value of 2.37. Price to book ratio is 3.22 and price to sales ratio is 0.61.
