Gap, Inc. [NYSE: GAP] loss -5.20% or -1.28 points to close at $23.34 with a heavy trading volume of 5704881 shares.
The daily chart for GAP points out that the company has recorded 20.56% gains over the past six months.
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If we look at the average trading volume of 8.07M shares, GAP reached to a volume of 5704881 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. [GAP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GAP shares is $28.48 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GAP stock is a recommendation set at 2.43. 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.
BofA Securities have made an estimate for Gap, Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 31, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $27 to $29. The new note on the price target was released on July 18, 2024, representing the official price target for Gap, Inc. stock. Previously, the target price had yet another raise from $28 to $30, while TD Cowen kept a Buy rating on GAP stock. On May 31, 2024, analysts increased their price target for GAP shares from 22 to 29.
The Average True Range (ATR) for Gap, Inc. is set at 1.12, with the Price to Sales ratio for GAP stock in the period of the last 12 months amounting to 0.58. The Price to Book ratio for the last quarter was 3.23, with the Price to Cash per share for the same quarter was set at 4.62. Price to Free Cash Flow for GAP in the course of the last twelve months was 7.61 with Quick ratio for the last quarter at 0.80.
Trading performance analysis for GAP stock
Gap, Inc. [GAP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.44. With this latest performance, GAP shares gained by 8.86% in over the last four-week period, additionally plugging by 20.56% over the last 6 months – not to mention a rise of 144.91% 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 GAP stock in for the last two-week period is set at 50.71, with the RSI for the last a single of trading hit 49.52, and the three-weeks RSI is set at 50.64 for Gap, Inc. [GAP]. The present Moving Average for the last 50 days of trading for this stock 23.29, while it was recorded at 24.09 for the last single week of trading, and 21.79 for the last 200 days.
Gap, Inc. [GAP]: 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. [GAP]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Gap, Inc. posted 0.34/share EPS, while the average EPS was predicted by analysts to be reported at 0.09/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.25. 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 GAP. 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. [GAP]
There are presently around $64.56%, or 109.26%% of GAP stock, in the hands of institutional investors.
