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Green Dot Corp. (GDOT) Volatility At 6.35%, Should You Add A Position?

Green Dot Corp. (NYSE: GDOT) is -15.96% lower on its value in year-to-date trading and has touched a low of $7.30 and a high of $21.37 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GDOT stock was last observed hovering at around $8.79 in the last trading session, with the day’s loss setting it -0.47%.

Currently trading at $8.32, the stock is -3.38% and -8.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.01 million and changing -5.35% at the moment leaves the stock -37.98% off its SMA200. GDOT registered -54.06% loss for a year compared to 6-month loss of -44.24%. The firm has a 50-day simple moving average (SMA 50) of -$0.19 and a 200-day simple moving average (SMA200) of -$2.05.

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The stock witnessed a -12.05% gain in the last 1 month and extending the period to 3 months gives it a 3.23%, and is 2.09% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.35% over the week and 3.85% over the month.

Green Dot Corp. (GDOT) has around 1200 employees, a market worth around $436.38M and $1.50B in sales. Current P/E ratio is 61.58 and Fwd P/E is 4.52. Profit margin for the company is 0.45%. Distance from 52-week low is 13.97% and -61.07% from its 52-week high. The company has generated returns on investments over the last 12 months (0.78%).

Green Dot Corp. quarterly earnings per share for the current quarter are estimated at $0.17 with sales reaching $366.04M over the same period.The EPS is expected to shrink by -5.11% this year, but quarterly earnings will post 5.50% year-over-year. Quarterly sales are estimated to grow 8.70% in year-over-year returns.

302 institutions hold shares in Green Dot Corp. (GDOT), with institutional investors hold 99.93% of the company’s shares. The shares outstanding are 52.82M, and float is at 49.55M with Short Float at 5.98%. Institutions hold 96.29% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 6.31 million shares valued at $118.27 million. The investor’s holdings represent 12.06% of the GDOT Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.75 million shares valued at $107.73 million to account for 10.98% of the shares outstanding. The other top investors are Starboard Value LP which holds 5.29 million shares representing 10.11% and valued at over $99.21 million, while T. Rowe Price Investment Management, Inc. holds 7.48% of the shares totaling 3.92 million with a market value of $73.41 million.

Green Dot Corp. (GDOT) Insider Activity

A total of 4 insider transactions have happened at Green Dot Corp. (GDOT) in the last six months, with sales accounting for 4 and purchases happening 0 times.

Green Dot Corp. (GDOT): Who are the competitors?

One of the company’s main competitors (and peers) include Visa Inc. Cl A (V) that is trading 30.81% up over the past 12 months.eBay Inc. (EBAY) lies in the list of competitors of the Green Dot Corp. and is 4.68% higher over the same period from GDOTWalmart Inc. (WMT) is 27.62% up on the 1-year trading charts.

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