There Is Clear Momentum For Green Dot Corp. (NYSE: GDOT)

Green Dot Corp. (GDOT) concluded trading on Thursday at a closing price of $9.33, with 0.45 million shares of worth about $4.22 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -31.50% during that period and on March 28, 2024 the price saw a gain of about 1.63%. Currently the company’s common shares owned by public are about 52.82M shares, out of which, 49.91M shares are available for trading.

However, the stock later moved at a day high price of 9.39, or with a gain of 1.63%. Stock saw a price change of 1.63% in past 5 days and over the past one month there was a price change of 12.14%. Year-to-date (YTD), GDOT shares are showing a performance of -5.76% which decreased to -41.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.30 but also hit the highest price of $21.37 during that period. The average intraday trading volume for Green Dot Corp. shares is 741.54K. The stock is currently trading 6.90% above its 20-day simple moving average (SMA20), while that difference is up 6.72% for SMA50 and it goes to -25.00% lower than SMA200.

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Green Dot Corp. (NYSE: GDOT) currently have 52.82M outstanding shares and institutions hold larger chunk of about 93.13% of that.

The stock has a current market capitalization of $492.90M and its 3Y-monthly beta is at 1.05. PE ratio of stock for trailing 12 months is 69.06, while it has posted earnings per share of $0.14 in the same period. Its PEG reads 5.35 and has Quick Ratio of 0.41 while making debt-to-equity ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GDOT, volatility over the week remained 2.76% while standing at 3.83% over the month.

Analysts are in expectations that Green Dot Corp. (GDOT) stock would likely to be making an EPS of $0.71 in the current quarter, while forecast for next quarter EPS is $0.3 and it is $1.78 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.58 which is $0.92 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.99 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -4.16% while it is estimated to increase by 17.63% in next year. EPS is likely to grow at an annualized rate of 12.90% for next 5-years, compared to annual growth of -43.27% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on December 14, 2023 offering an Underweight rating for the stock and assigned a target price range of between $8 and $7 to it. Coverage by Craig Hallum stated Green Dot Corp. (GDOT) stock as a Hold in their note to investors on November 10, 2023, suggesting a price target of $14 for the stock. Stock get a Hold rating from Needham on May 08, 2023.

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