While Green Dot Corp. has underperformed by -5.39%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GDOT fell by -19.93%, with highs and lows ranging from $14.83 to $7.30, whereas the simple moving average jumped by 18.67% in the last 200 days.
On December 14, 2023, Barclays Downgraded Green Dot Corp. (NYSE: GDOT) to Underweight. A report published by Craig Hallum on November 10, 2023, Downgraded its rating to ‘Hold’ for GDOT. Keefe Bruyette also rated GDOT shares as ‘Mkt Perform’, setting a target price of $20 on the company’s shares in an initiating report dated June 29, 2023. Needham May 08, 2023d its ‘Buy’ rating to ‘Hold’ for GDOT, as published in its report on May 08, 2023. Barclays also rated the stock as ‘Equal Weight’.
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Analysis of Green Dot Corp. (GDOT)
Further, the quarter-over-quarter increase in sales is 11.27%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Green Dot Corp.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -6.29% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.52, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 452.06K can be a very valuable indicator of volatility for GDOT stock. On a monthly basis, the volatility of the stock is set at 3.72%, whereas on a weekly basis, it is put at 6.71%, with a gain of 1.10% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.75, showing decline from the present price of $11.05, which can serve as yet another indication of whether GDOT is worth investing in or should be passed over.
How Do You Analyze Green Dot Corp. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.20%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 89.07% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GDOT shares are owned by institutional investors to the tune of 89.07% at present.
