The Director Of Green Dot Corporation (GDOT) Purchased 500 Shares

At the last check on Friday, Green Dot Corporation’s (NYSE:GDOT) stock was down -$3.81, moving down -13.46 percent to $24.49. The average number of shares traded per day over the past five days has been 374,334 shares. 3 times new highs have been achieved over the past 5 days, with a -$3.35 fall in that time frame. In the last twenty days, the average volume was 364,818, while in the previous 50 days, it was 448,445.

Since last month, GDOT stock rose 10.46%. Shares of the company fell to $23.31 on 08/05/22, the lowest level in the past month. A 52-week high of $54.90 was reached on 01/05/22 after having rallying from a 52-week low of $22.27. Since the beginning of this year, GDOT’s stock price has dropped by -21.91% or -$11.50, and marked a new high 3 times. However, the stock has declined by -55.39% since its 52-week high.

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Green Dot Corporation (GDOT) last reported insider trading activity 21 days ago on Jul 15. JACOBS WILLIAM I, the Director of the company, disposed of 500 shares for $24.88 on Jul 15. It resulted in a $12,440 divestment by the insider. JACOBS WILLIAM I sold 500 shares at an average price of $25.16 on Jun 15. The insider now owns 71,055 shares following the transaction. On May 31, Director Date Rajeev V sold 6,214 shares at $29.20 apiece. The transaction was valued at $181,466.

Valuation Metrics

Right now, Green Dot Corporation (GDOT) has a P/E ratio of about 26.18. The stock’s beta is 0.95. Besides these, the trailing price-to-sales (P/S) ratio of 1.03, the price-to-book (PB) ratio of 1.57.

Financial Health

In the three months ended March 30, Green Dot Corporation’s quick ratio stood at 0.50, while its current ratio was 0.50, showing that the company is not able to pay off its debt. Based on annual data, GDOT earned $1.37 billion in gross profit and brought in $1.43 billion in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GDOT’s revenue rose 29.04% to $339.5 million during the quarter, while net income inched up to $400.62 million. While analysts expected Green Dot Corporation to report $0.85 quarterly earnings, the actual figure was $1.06 per share, beating the consensus estimate by 24.70%. During the quarter, the company generated $71.62 million in EBITDA. The liabilities of Green Dot Corporation were 4.04 billion at the end of its most recent quarter ended March 30, and its total debt was $13.67 million. The value of shareholders’ equity is $54.21 million.

Technical Picture

This quick technical analysis looks at Green Dot Corporation’s (GDOT) price momentum. With a historical volatility rate of 78.35%, the RSI 9-day stood at 34.29% on 04 August.

With respect to its five-day moving average, the current Green Dot Corporation price is down by -11.94% percent or -$3.35. At present, GDOT shares trade -3.75% below its 20-day simple moving average and -1.84% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.02% below its SMA50 and -44.07% below its SMA200.

Stochastic coefficient K was 69.31% and Stochastic coefficient D was 82.59%, while ATR was 1.36. Given the Stochastic reading of 25.63% for the 14-day period, the RSI (14) reading has been calculated as 40.08%. As of today, the MACD Oscillator reading stands at -0.11, while the 14-day reading stands at 0.09.

Analyst Ratings

BTIG Research reiterated its a Buy rating on Green Dot Corporation (NYSE: GDOT) in a note to investors. The analysts firm has however raised their price target to $46, representing a possible 65.99% increase in the stock price. Green Dot Corporation (GDOT) has been rated Overweight by analysts. According to 0 brokerage firms, GDOT is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Green Dot Corporation stock as buy, with 5 recommending it as overweight.

With a median target price of $35.00, the current consensus forecast for the stock is $26.00 – $48.00. Based on these forecasts, analysts predict Green Dot Corporation (GDOT) will achieve an average price target of $35.33.


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