Gap, Inc. (GAP) concluded trading on Wednesday at a closing price of $22.18, with 3.28 million shares of worth about $72.84 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.62% during that period and on October 16, 2024 the price saw a gain of about 2.54%. Currently the company’s common shares owned by public are about 372.00M shares, out of which, 226.06M shares are available for trading.
Stock saw a price change of 7.05% in past 5 days and over the past one month there was a price change of 10.79%. Year-to-date (YTD), GAP shares are showing a performance of 6.07% which increased to 84.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.42 but also hit the highest price of $30.75 during that period. The average intraday trading volume for Gap, Inc. shares is 6.21 million. The stock is currently trading 5.40% above its 20-day simple moving average (SMA20), while that difference is up 2.18% for SMA50 and it goes to 0.20% higher than SMA200.
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Gap, Inc. (NYSE: GAP) currently have 372.00M outstanding shares and institutions hold larger chunk of about 62.95% of that.
The stock has a current market capitalization of $8.35B and its 3Y-monthly beta is at 2.34. PE ratio of stock for trailing 12 months is 10.99, while it has posted earnings per share of $2.02 in the same period. Its PEG reads 0.23 and has Quick Ratio of 0.84 while making debt-to-equity ratio of 1.88. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GAP, volatility over the week remained 3.57% while standing at 3.71% over the month.
Stock’s fiscal year EPS is expected to rise by 30.85% while it is estimated to increase by 9.05% in next year. EPS is likely to grow at an annualized rate of 48.00% for next 5-years, compared to annual growth of -12.38% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Telsey Advisory Group on August 30, 2024 offering a Market perform rating for the stock and assigned a target price range of between $29 and $26 to it. Coverage by BofA Securities stated Gap, Inc. (GAP) stock as a Neutral in their note to investors on July 31, 2024, suggesting a price target of $25 for the stock. On July 18, 2024, Morgan Stanley Upgrade their recommendations, while on June 25, 2024, TD Cowen Upgrade their ratings for the stock with a price target of $30. Stock get a Market perform rating from Telsey Advisory Group on May 31, 2024.
