In recent trading session, Gap, Inc. (NYSE:GAP) saw 1.3 million shares changing hands at last check today with its beta currently measuring 2.34. Company’s recent per share price level of $20.60 trading at -$0.71 or -3.33% at last check today assigns it a market valuation of $7.75B. That most recent trading price of GAP’s stock is at a discount of -49.27% from its 52-week high price of $30.75 and is indicating a premium of 52.86% from its 52-week low price of $9.71. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.18 million shares which gives us an average trading volume of 6.57 million if we extend that period to 3-months.
Gap, Inc. (NYSE:GAP) trade information
Upright in the red during last session for losing -3.33%, in the last five days GAP remained trading in the red while hitting it’s week-highest on Wednesday, 09/04/24 when the stock touched $20.60 price level, adding 10.9% to its value on the day. Gap, Inc.’s shares saw a change of -1.48% in year-to-date performance and have moved -9.65% in past 5-day. Gap, Inc. (NYSE:GAP) showed a performance of -0.19% in past 30-days. Number of shares sold short was 29.97 million shares which calculate 4.35 days to cover the short interests.
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Wall Street analysts have assigned a consensus price target of 26 to the stock, which implies a rise of 20.77% to its recent value today. Analysts have been projecting 26 as a low price target for the stock while placing it at a high target of 26. It follows that stock’s current price would drop -26.21% in reaching the projected high whereas dropping to the targeted low would mean a loss of -26.21% for stock’s current value.
Gap, Inc. (GAP) estimates and forecasts
Statistics highlight that Gap, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 6.57% of value to its shares in past 6 months, showing an annual growth rate of 29.37% while that of industry is 16.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 0.50% from the last financial year’s standing.
14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 3.81B for the same. And 14 analysts are in estimates of company making revenue of 4.05B in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -12.38% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 33.11% while estimates for its earnings growth in next 5 years are of 14.40%.
GAP Dividends
Gap, Inc. is more likely to be releasing its next quarterly report on 2024-Nov-14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.91%, the share has a forward dividend of 0.60 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.21%.
Gap, Inc. (NYSE:GAP)’s Major holders
Insiders are in possession of 40.82% of company’s total shares while institution are holding 64.18 percent of that, with stock having share float percentage of 108.45%. Investors also watch the number of corporate investors in a company very closely, which is 64.18% institutions for Gap, Inc. that are currently holding shares of the company.
