Green Dot Corporation (NYSE:GDOT) does about 373.47K shares in volume on a normal day but saw 269925 shares change hands in Friday trading. The company now has a market cap of 966.93M USD. Its current market price is $18.32, marking a decrease of -1.29% compared to the previous close of $18.56. The 52 week high reached by this stock is $33.75 whilst the lowest price level in 52 weeks is $15.03. The script in recent trading has seen the stock touch a high of $18.56 and a low of $18.16.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Green Dot Corporation (GDOT) has a 20-day trading average at $18.30 and the current price is -45.72% off the 52-week high compared with 21.89% distance from its 52-week low. The 50-day simple moving average of the closing price is $17.48 and its 200-day simple moving average is $21.50. If we look at the stock’s price movements over the week, volatility stands at 3.07%, which decreases to 3.06% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 52.69 to suggest the stock is neutral.
The consensus objective for the share price is $22.71, suggesting that the stock has a potential upside of 19.33% over the period.
Barclays also downgraded the stock to “Equal Weight” from Overweight on August 15, 2022 at a price target of $31-$25. BTIG Research reiterated its price target at $72-$46.
The current price level is 0.45%, 4.79%, and -14.95% away from its SMA20, SMA50, and SMA200 respectively, with the GDOT price moving above the 50-day SMA on February 17. Green Dot Corporation (GDOT) stock is up 1.89% over the week and 9.50% over the past month. Its price is 15.80% year-to-date and -45.80% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $0.44 above consensus estimates by $0.09. The company’s next earnings report is expected on 05/10/2023, with forecasts estimating quarterly EPS at $0.22 and $2.47 for whole year. GDOT’s earnings per share are forecast to grow by 11.80% this year and -14.20% over next year. Expected sales for next quarter are $381.28 million, which analysts say will come at $1.4 billion for the current fiscal year and next year at $1.36 billion. In addition, estimates put the company’s current quarterly revenue at an average of $322.58 million.
To reach the target analysts have set, the stock logically needs to grow 19.33 percent from here.
Outstanding shares total 53.05M with insiders holding 2.96% of the shares and institutional holders owning 93.54% of the company’s common stock. The company has a return on investment of 1.20% and return on equity of 10.30%. The price to earnings ratio (P/E ratio) amounts to 20.63 while the forward price to earnings ratio is 8.64. The beta has a value of 1.10. Price to book ratio is 1.25 and price to sales ratio is 0.67.
iShares Core S&P Small Cap ETF isn’t the only investment manager who changed stakes and is followed by T Rowe Price Small Cap Value Fund, which added 0.58 million shares to end up with 1,835,198 shares worth $33.18 million.
