Gap, Inc. (NYSE:GPS) shares, rose in value, with the stock price down by -1.78% to the previous day’s close as strong demand from buyers drove the stock to $24.25.
Actively observing the price movement in the last trading, the stock closed the session at $24.69. The value of beta (5-year monthly) was 2.28 whereas the PE ratio was 18.19 over 12-month period. Referring to stock’s 52-week performance, its high was $28.59, and the low was $7.22. On the whole, GPS has fluctuated by 27.23% over the past month.
With the market capitalization of Gap, Inc. currently standing at about $9.06 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 23, 2024 – May 27, 2024. The company’s Forward Dividend Ratio is 0.45, with its dividend yield at 1.86%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.13, which is expected to increase to $0.45 for fiscal year $1.4 and then to about $1.57 by fiscal year 2026. Data indicates that the EPS growth is expected to be -2.10% in 2026, while the next year’s EPS growth is forecast to be 12.10%.
Analysts have estimated the company’s revenue for the quarter at $3.28 billion, with a low estimate of $3.25 billion and a high estimate of $3.33 billion. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $14.8 billion, representing a decrease of -0.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GPS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.26, with the price of GPS currently trading nearly -3.51% and 11.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.06, while the 7-day volatility ratio is showing 3.48% which for the 30-day chart, stands at 4.33%. Furthermore, Gap, Inc. (GPS)’s beta value is 2.29, and its average true range (ATR) is 0.96.
A comparison of Gap, Inc. (GPS) with its peers suggests the former has fared considerably weaker in the market. GPS showed an intraday change of -1.78% in last session, and over the past year, it grew by 150.00%%.
Data on historical trading for Gap, Inc. (NYSE:GPS) indicates that the trading volumes over the past 10 days have averaged 8.31 million and over the past 3 months, they’ve averaged 7.66 million. According to company’s latest data on outstanding shares, there are 372.00 million shares outstanding.
Nearly 42.42% of Gap, Inc.’s shares belong to company insiders and institutional investors own 58.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 34.5 million shares as on Mar 15, 2024, resulting in a short ratio of 3.64. According to the data, the short interest in Gap, Inc. (GPS) stood at 9.24% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 28.28 million. The stock has risen by 15.97% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GPS stock heading into the next quarter.
