Gap, Inc. (NYSE:GPS) price closed lower on Tuesday, April 16, dropping -4.11% below its previous close.
A look at the daily price movement shows that the last close reads $21.88. The company’s 5Y monthly beta was ticking 2.28 while its P/E ratio in the trailing 12-month period read 15.74. Taking into account the 52-week price action we note that the stock hit a 52-week high of $28.59 and 52-week low of $7.22. The stock subtracted -11.06% on its value in the past month.
Gap, Inc., which has a market valuation of $7.84 billion, is expected to release its quarterly earnings report May 23, 2024 – May 27, 2024. The company stock has a Forward Dividend ratio of 0.60, while the dividend yield is 2.86%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give GPS a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.09. The overview shows that GPS’s price is at present -17.78% off the SMA20 and -5.96% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 32.31, with weekly volatility standing at 4.73%. The indicator jumps to 4.04% when calculated based on the past 30 days. Gap, Inc. (NYSE:GPS)’s beta value is holding at 2.32, while the average true range (ATR) indicator is currently reading 0.99.
An analysis of the Gap, Inc. (NYSE:GPS) stock in terms of its daily trading volume indicates that the 3-month average is 7.82 million.
Current records show that the company has 372.00M in outstanding shares. The insiders’ percentage holdings are 40.79% of outstanding shares while the percentage share held by institutions stands at 58.78%. But the 0.33% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
