In the last trading session, 7.19 million Gap, Inc. (NYSE:GAP) shares changed hands as the company’s beta touched 2.35. With the company’s per share price at $19.42 changed hands at -$0.31 or -1.57% during last session, the market valuation stood at $7.31B. GAP’s last price was a discount, traded about -58.34% off its 52-week high of $30.75. The share price had its 52-week low at $9.71, which suggests the last value was 50.0% up since then. When we look at Gap, Inc.’s average trading volume, we note the 10-day average is 7.93 million shares, with the 3-month average coming to 6.62 million.
Gap, Inc. (NYSE:GAP) trade information
Instantly GAP was in red as seen at the end of in last trading. With action -14.94%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -7.13%, with the 5-day performance at -14.94% in the red. However, in the 30-day time frame, Gap, Inc. (NYSE:GAP) is -14.26% down. Looking at the short shares, we see there were 29.97 million shares sold at short interest cover period of 4.35 days.
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The consensus price target for the stock as assigned by Wall Street analysts is 26, meaning bulls need an upside of 25.31% from its current market value. According to analyst projections, GAP’s forecast low is 26 with 26 as the target high. To hit the forecast high, the stock’s price needs a -33.88% plunge from its current level, while the stock would need to soar -33.88% for it to hit the projected low.
Gap, Inc. (GAP) estimates and forecasts
Data shows that the Gap, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -10.26% over the past 6 months, a 29.37% in annual growth rate that is considerably higher than the industry average of 15.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -12.38%. The 2024 estimates are for Gap, Inc. earnings to increase by 29.65%, but the outlook for the next 5-year period is at 14.40% per year.
GAP Dividends
Gap, Inc. is expected to release its next quarterly earnings report in October. The 3.09% annual yield figure for the share gives it an annual dividend of 0.60. It is important to note, however, that the 3.09% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.21 per year.
Gap, Inc. (NYSE:GAP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 40.82% of Gap, Inc. shares while 64.18% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 108.44%.
