Gap, Inc. [GPS] Stock trading around $20.75 per share: What’s Next?

Gap, Inc. [NYSE: GPS] loss -0.05% or -0.01 points to close at $20.75 with a heavy trading volume of 5771230 shares.

The daily chart for GPS points out that the company has recorded 73.21% gains over the past six months.

If we look at the average trading volume of 7.76M shares, GPS reached to a volume of 5771230 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Gap, Inc. [GPS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GPS shares is $21.26 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GPS stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Telsey Advisory Group have made an estimate for Gap, Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on March 08, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price from $16 to $20. The new note on the price target was released on February 26, 2024, representing the official price target for Gap, Inc. stock. Previously, the target price had yet another raise from $11 to $17, while Telsey Advisory Group kept a Market Perform rating on GPS stock.

The Average True Range (ATR) for Gap, Inc. is set at 0.92, with the Price to Sales ratio for GPS stock in the period of the last 12 months amounting to 0.52. The Price to Book ratio for the last quarter was 2.97, with the Price to Cash per share for the same quarter was set at 5.01. Price to Free Cash Flow for GPS in the course of the last twelve months was 6.97 with Quick ratio for the last quarter at 0.78.

Trading performance analysis for GPS stock

Gap, Inc. [GPS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.16. With this latest performance, GPS shares dropped by -27.14% in over the last four-week period, additionally plugging by 73.21% over the last 6 months – not to mention a rise of 122.16% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GPS stock in for the last two-week period is set at 32.12, with the RSI for the last a single of trading hit 22.24, and the three-weeks RSI is set at 38.88 for Gap, Inc. [GPS]. The present Moving Average for the last 50 days of trading for this stock 22.42, while it was recorded at 20.94 for the last single week of trading, and 16.44 for the last 200 days.

Gap, Inc. [GPS]: A deeper dive into fundamental analysis

Gap, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.78 and a Current Ratio set at 1.42.

Gap, Inc. [GPS]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GPS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gap, Inc. go to 14.40%.

An analysis of Institutional ownership at Gap, Inc. [GPS]

The top three institutional holders of GPS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in GPS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in GPS stock with ownership which is approximately 5.8386%.

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