Gap, Inc. [NYSE: GPS] gained 3.73% on the last trading session, reaching $22.24 price per share at the time.
If compared to the average trading volume of 8.05M shares, GPS reached a trading volume of 7713554 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $28.09 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 2.48. 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.
Morgan Stanley have made an estimate for Gap, Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 18, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $28 to $30. The new note on the price target was released on June 25, 2024, representing the official price target for Gap, Inc. stock. Previously, the target price had yet another raise from $22 to $29, while Telsey Advisory Group kept a Market Perform rating on GPS stock. On May 07, 2024, analysts increased their price target for GPS shares from 21 to 28.
The Average True Range (ATR) for Gap, Inc. is set at 0.94, with the Price to Sales ratio for GPS stock in the period of the last 12 months amounting to 0.56. The Price to Book ratio for the last quarter was 3.08, 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 7.25 with Quick ratio for the last quarter at 0.80.
Trading performance analysis for GPS stock
Gap, Inc. [GPS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.55. With this latest performance, GPS shares dropped by -7.45% in over the last four-week period, additionally plugging by 12.66% over the last 6 months – not to mention a rise of 119.76% 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 44.97, with the RSI for the last a single of trading hit 45.90, and the three-weeks RSI is set at 45.80 for Gap, Inc. [GPS]. The present Moving Average for the last 50 days of trading for this stock 23.72, while it was recorded at 21.63 for the last single week of trading, and 20.75 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 0.80 and a Current Ratio set at 1.50.
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 8.5034%. 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%.
