Gap, Inc. [NYSE: GPS] slipped around -1.01 points on Monday, while shares priced at $22.96 at the close of the session, down -4.21%.
Compared to the average trading volume of 8.07M shares, GPS reached a trading volume of 6537345 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say 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 $27.98 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 2.57. 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.
TD Cowen have made an estimate for Gap, Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 25, 2024. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $22 to $29. The new note on the price target was released on May 31, 2024, representing the official price target for Gap, Inc. stock. Previously, the target price had yet another raise from $21 to $28, while Citigroup kept a Buy rating on GPS stock. On March 08, 2024, analysts increased their price target for GPS shares from 17 to 22.
The Average True Range (ATR) for Gap, Inc. is set at 1.01, with the Price to Sales ratio for GPS stock in the period of the last 12 months amounting to 0.57. The Price to Book ratio for the last quarter was 3.18, with the Price to Cash per share for the same quarter was set at 4.62. Price to Free Cash Flow for GPS in the course of the last twelve months was 7.48 with Quick ratio for the last quarter at 0.80.
How has GPS stock performed recently?
Gap, Inc. [GPS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.05. With this latest performance, GPS shares dropped by -13.19% in over the last four-week period, additionally plugging by 9.54% over the last 6 months – not to mention a rise of 142.19% 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 43.96, with the RSI for the last a single of trading hit 41.21, and the three-weeks RSI is set at 46.22 for Gap, Inc. [GPS]. The present Moving Average for the last 50 days of trading for this stock 23.68, while it was recorded at 23.44 for the last single week of trading, and 20.16 for the last 200 days.
Gap, Inc. [GPS]: Deeper insight into the fundamentals
Gap, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.50.
Earnings analysis for Gap, Inc. [GPS]
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%.
Insider trade positions for 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 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in GPS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in GPS stock with ownership which is approximately 5.1238%.
