Gap, Inc (GAP) concluded trading on Wednesday at a closing price of $23.82, with 6.25 million shares of worth about $148.81 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.48% during that period and on December 18, 2024 the price saw a loss of about -4.26%. Currently the company’s common shares owned by public are about 377.00M shares, out of which, 245.15M shares are available for trading.
Stock saw a price change of -5.55% in past 5 days and over the past one month there was a price change of 11.52%. Year-to-date (YTD), GAP shares are showing a performance of 13.92% which increased to 13.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.34 but also hit the highest price of $30.75 during that period. The average intraday trading volume for Gap, Inc shares is 5.87 million. The stock is currently trading -3.19% below its 20-day simple moving average (SMA20), while that difference is up 4.34% for SMA50 and it goes to 4.23% higher than SMA200.
Gap, Inc (NYSE: GAP) currently have 377.00M outstanding shares and institutions hold larger chunk of about 63.46% of that.
The stock has a current market capitalization of $8.98B and its 3Y-monthly beta is at 2.36. PE ratio of stock for trailing 12 months is 11.07, while it has posted earnings per share of $2.15 in the same period. Its PEG reads 0.23 and has Quick Ratio of 0.84 while making debt-to-equity ratio of 1.74. 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 3.79% while standing at 4.04% over the month.
Stock’s fiscal year EPS is expected to rise by 41.85% while it is estimated to increase by 5.82% 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 JP Morgan on December 02, 2024 offering an Overweight rating for the stock and assigned a target price range of between $28 and $30 to it. Coverage by Telsey Advisory Group stated Gap, Inc (GAP) stock as a Market perform in their note to investors on August 30, 2024, suggesting a price target of $26 for the stock. On July 31, 2024, BofA Securities Upgrade their recommendations, while on July 18, 2024, Morgan Stanley Upgrade their ratings for the stock with a price target of $29. Stock get a Buy rating from TD Cowen on June 25, 2024.
