Stocks of Green Dot Corp. (NYSE:GDOT) traded higher last session on Wall Street, up 0.22% to $9.10.
GDOT stock price is now -2.35% away from the 50-day moving average and -8.91% away from the 200-day moving average. The market capitalization of the company currently stands at $484.21M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $8 to $7, Barclays Downgraded its rating from Equal Weight to Underweight for Green Dot Corp. (NYSE: GDOT). On November 10, 2023, Craig Hallum Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $14, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, Ruppel Christian Devin, Chief Revenue Officer bought 33,000 shares of the company’s stock on Mar 11 ’24. The stock was bought for $299,144 at an average price of $9.06. Upon completion of the transaction, the Chief Revenue Officer now directly owns 101,715 shares in the company, valued at $0.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08 ’24, Starboard Value LP sold 75,729 shares of the business’s stock. A total of $649,853 was realized by selling the stock at an average price of $8.58. This leaves the insider owning 270,207 shares of the company worth $2.46 million. A total of 4.20% of the company’s stock is owned by insiders.
During the past 12 months, Green Dot Corp. has had a low of $7.30 and a high of $21.37. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 0.50, and a quick ratio of 0.50. The fifty day moving average price for GDOT is $9.3326 and a two-hundred day moving average price translates $9.96175 for the stock.
The latest earnings results from Green Dot Corp. (NYSE: GDOT) was released for 2024-03-31. The net profit margin was -1.60% and return on equity was -2.83% for GDOT. The company reported revenue of $451.99 million for the quarter, compared to $416.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.55 percent.
