Stock Surge: Gap, Inc (GAP) Closes at 20.62, Marking a -1.81 Increase/Decrease

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In the latest session, Gap, Inc (NYSE: GAP) closed at $20.62 down -1.81% from its previous closing price of $21.00. In other words, the price has decreased by -$1.81 from its previous closing price. On the day, 9.36 million shares were traded. GAP stock price reached its highest trading level at $20.81 during the session, while it also had its lowest trading level at $20.13.

Ratios:

For a deeper understanding of Gap, Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.58. For the most recent quarter (mrq), Quick Ratio is recorded 0.84 and its Current Ratio is at 1.49. In the meantime, Its Debt-to-Equity ratio is 1.88 whereas as Long-Term Debt/Eq ratio is at 1.67.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Telsey Advisory Group on August 30, 2024, Reiterated its Market Perform rating but revised its target price to $26 from $29 previously.

On July 31, 2024, BofA Securities Upgraded its rating to Neutral which previously was Underperform and also upped its target price recommendation from $18.50 to $25.

Morgan Stanley Upgraded its Equal-Weight to Overweight on July 18, 2024, whereas the target price for the stock was revised from $27 to $29.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 17 ’24 when Gilligan Sarah sold 8,851 shares for $20.61 per share. The transaction valued at 182,441 led to the insider holds 0 shares of the business.

Barbeito Horacio sold 75,385 shares of GAP for $1,507,700 on Sep 12 ’24. The President & CEO, Old Navy now owns 0 shares after completing the transaction at $20.00 per share. On Sep 03 ’24, another insider, Barbeito Horacio, who serves as the President & CEO, Old Navy of the company, sold 311 shares for $22.19 each. As a result, the insider received 6,894 and left with 75,385 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GAP now has a Market Capitalization of 7759656448 and an Enterprise Value of 11072654336. As of this moment, Gap,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.22, and their Forward P/E ratio for the next fiscal year is 10.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51 while its Price-to-Book (P/B) ratio in mrq is 2.67. Its current Enterprise Value per Revenue stands at 0.73 whereas that against EBITDA is 7.568.

Stock Price History:

Over the past 52 weeks, GAP has reached a high of $30.75, while it has fallen to a 52-week low of $17.51. The 50-Day Moving Average of the stock is -3.14%, while the 200-Day Moving Average is calculated to be -7.78%.

Shares Statistics:

For the past three months, GAP has traded an average of 5.24M shares per day and 5050710 over the past ten days. A total of 372.00M shares are outstanding, with a floating share count of 226.06M. Insiders hold about 39.93% of the company’s shares, while institutions hold 63.49% stake in the company. Shares short for GAP as of 1730332800 were 32815390 with a Short Ratio of 6.26, compared to 1727654400 on 28335163. Therefore, it implies a Short% of Shares Outstanding of 32815390 and a Short% of Float of 16.74.

Dividends & Splits

According to the company, the forward annual dividend rate for GAP is 0.60, from 0.6 in the trailing year. Against a Trailing Annual Dividend Yield of 0.02857143The stock’s 5-year Average Dividend Yield is 4.21.

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