Green Dot Corp. [GDOT] stock is trading at $8.52, up 4.67%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GDOT shares have gain 3.78% over the last week, with a monthly amount drifted -0.70%, and not seem to be holding up well over a long-time horizon.
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On 6, March 2024, Green Dot Appoints Melissa Douros as Chief Product Officer. In a post published today on Yahoo Finance, Green Dot Corporation (NYSE: GDOT), a leading digital bank and fintech powering consumers and businesses with seamless banking and payment solutions, today announced the appointment of Melissa Douros as Chief Product Officer. Douros will lead Green Dot’s product design and development team with a focus on building simple, seamless and useful tools for Green Dot’s customers and growing list of world-class banking-as-a-service (BaaS) and embedded finance partners.
From an analyst’s perspective:
Green Dot Corp. [NYSE: GDOT] stock has seen the most recent analyst activity on December 14, 2023, when Barclays downgraded its rating to a Underweight and also revised its price target to $7 from $8. Previously, Craig Hallum downgraded its rating to Hold on November 10, 2023, and kept the price target unchanged to $14. BTIG Research started tracking the stock assigning a Neutral rating. Needham downgraded its rating to a Hold. William Blair downgraded its rating to Mkt Perform for this stock on October 17, 2022. In a note dated August 15, 2022, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $31 to $25.
Green Dot Corp. [GDOT] stock has fluctuated between $7.30 and $21.37 over the past year. Currently, Wall Street analysts expect the stock to reach $25 within the next 12 months. Green Dot Corp. [NYSE: GDOT] shares were valued at $8.52 at the most recent close of the market. An investor can expect a potential return of 193.43% based on the average GDOT price forecast.
Analyzing the GDOT fundamentals
Green Dot Corp. [NYSE:GDOT] reported sales of 1.50B for the trailing twelve months, which represents a growth of 6.90%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.01%, 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 0.01 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
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 8.32 points at the first support level, and at 8.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.65, and for the 2nd resistance point, it is at 8.77.
Green Dot Corp. [GDOT] reported earnings per share of $0.14 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of -$0.03 and a surprise factor of -17.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.14 per share as compared to estimates of $0.21 per share, a difference of -$0.07 representing a surprise of -33.30%.
Ratios To Look Out For
For context, Green Dot Corp.’s Current Ratio is 0.41. Also, the Quick Ratio is 0.41, while the Cash Ratio stands at 0.17. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 0.52 and price to earnings (TTM) ratio is 63.06.
