A share price of Gap, Inc. [GPS] is currently trading at $19.33, up 1.42%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GPS shares have gain 2.06% over the last week, with a monthly amount drifted -2.28%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 7, March 2024, Gap Inc. Reports Fourth Quarter and Fiscal 2023 Results; Provides Fiscal 2024 Outlook. In a post published today on Yahoo Finance, Fourth Quarter Net Sales Increased with Market Share Gains.
From an analyst’s perspective:
Gap, Inc. [NYSE: GPS] stock has seen the most recent analyst activity on February 26, 2024, when JP Morgan upgraded its rating to a Neutral and also boosted its price target to $20 from $16. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on November 17, 2023, and elevated its price target to $17. On November 07, 2023, Evercore ISI initiated with a Outperform rating and assigned a price target of $17 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $16 on October 25, 2023. Barclays upgraded its rating to a Overweight and raised its price target to $13 on August 01, 2023. Citigroup upgraded its rating to Neutral for this stock on May 19, 2023, and downed its price target to $8. In a note dated January 18, 2023, Morgan Stanley upgraded an Equal-Weight rating on this stock.
Gap, Inc. experienced fluctuations in its stock price throughout the past year between $7.22 and $22.08. Currently, Wall Street analysts expect the stock to reach $15.61 within the next 12 months. Gap, Inc. [NYSE: GPS] shares were valued at $19.33 at the most recent close of the market. An investor can expect a potential drop of -19.24% based on the average GPS price forecast.
Analyzing the GPS fundamentals
Trailing Twelve Months sales for Gap, Inc. [NYSE:GPS] were 14.83B which represents -6.73% decline. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.02 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.26.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.95 points at the first support level, and at 18.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.78, and for the 2nd resistance point, it is at 20.23.
Gap, Inc. [GPS] reported earnings per share of $0.59 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.19/share, meaning a difference of $0.4 and a surprise factor of 210.50%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.34 per share as compared to estimates of $0.09 per share, a difference of $0.25 representing a surprise of 277.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Gap, Inc. [NYSE:GPS] is 1.39. Also, the Quick Ratio is 0.64, while the Cash Ratio stands at 0.43. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 2.92 and price to earnings (TTM) ratio is 190.07.
Transactions by insiders
Recent insider trading involved FISHER JOHN J, 10% Owner, that happened on Dec 08 ’23 when 1.02 million shares were sold. 10% Owner, FISHER JOHN J completed a deal on Dec 07 ’23 to sell 0.48 million shares. Meanwhile, Chief Legal&Compliance Officer Gruber Julie sold 24178.0 shares on Dec 07 ’23.
