Green Dot Corp. (NYSE: GDOT) stock jumped 0.12% on Monday to $8.09 against a previous-day closing price of $8.08. With 0.64 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.53 million shares. The 52-week range on GDOT shows that it touched its highest point at $21.37 and its lowest point at $7.30 during that stretch. It currently has a 1-year price target of $13.11. Beta for the stock currently stands at 0.94.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GDOT was up-trending over the past week, with a rise of 5.34%, but this was down by -32.53% over a month. Three-month performance dropped to -46.95% while six-month performance fell -54.50%. The stock lost -57.33% in the past year, while it has lost -48.86% so far this year. A look at the trailing 12-month EPS for GDOT yields 0.70 with Next year EPS estimates of 1.92. For the next quarter, that number is 0.17. This implies an EPS growth rate of -36.13% for this year and 16.25% for next year. EPS is expected to grow by 12.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -5.89%.
Float and Shares Shorts:
At present, 51.67 million GDOT shares are outstanding with a float of 49.37 million shares on hand for trading. On Oct 30, 2023, short shares totaled 1.44 million, which was 2.75% higher than short shares on Sep 28, 2023. In addition to Mr. George W. Gresham as the firm’s CEO, President & Director, Mr. Jess Unruh serves as its Chief Financial Officer.
Through their ownership of 97.22% of GDOT’s outstanding shares, institutional investors have majority control over the company.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GDOT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GDOT analysts setting a high price target of $18.00 and a low target of $8.00, the average target price over the next 12 months is $13.11. Based on these targets, GDOT could surge 122.5% to reach the target high and fall by -1.11% to reach the target low. Reaching the average price target will result in a growth of 62.05% from current levels.
Summary of Insider Activity:
Insiders traded GDOT stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 1,789 shares were sold. The number of buy transactions has increased to 20 while that of sell transactions has risen to 26 over the past year. The total number of shares bought during that period was 390,503 while 42,185 shares were sold.