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How to Buy Green Dot Stock

Green Dot Corp

Green Dot is a credit service company located in California, United States, which is part of the Financial Services sector, and is traded under the ticker GDOT on the NYSE exchange.

Green Dot stock last closed at $9.69, up 2.22% from the previous day, and has decreased 46.26% in one year. It has underperformed other stocks in the Credit Services industry by 0.59 percentage points. Green Dot stock is currently +32.74% from its 52-week low of $7.30, and -54.66% from its 52-week high of $21.37.

As of Jun 24, 2024, there are 53.21M GDOT shares outstanding. The market value of GDOT is $515.61M. In the last 24 hours, 383,487 GDOT shares were traded.

How to Buy Green Dot Stock

Not sure how to invest in Green Dot stock? Here's how.
  1. Decide where to buy Green Dot stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Green Dot stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Put funds into your investment account: Choose your payment method and add your details.
  4. Analyze Green Dot stock: The Green Dot ticker symbol is GDOT. Is Green Dot stock a good investment? Should you buy shares of GDOT? How do GDOT's underlying business fundamentals look? Do top analysts think Green Dot is a good buy? Why has GDOT's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if GDOT is a good stock to buy).
  5. Execute your GDOT trade: Decide if you will purchase GDOT shares at the current market price or use a limit order to purchase GDOT shares at a given price.
  6. Keep tabs on your investment in GDOT: Create a watchlist to the latest updates on your new investment in Green Dot stock.

Step 1: Decide where to buy Green Dot stock

You need a brokerage account to access the NYSE market and buy GDOT stock.

A brokerage account allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

Our recommended brokerage: eToro

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Step 2: Open your brokerage account

Now that you've selected the right brokerage, you'll need to fill out some personal details so you are able to buy GDOT today.

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  1. Click here to get started.
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  2. Enter your personal data to open a new trading account.
  1. Send your info by clicking the "Create Account" button.
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Step 3: Put funds into your investment account

Now that you have created your account on the best stock app to use, you can securely and quickly fund your account:

Check out the tutorial below if you need help depositing funds into your new brokerage account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Analyze Green Dot stock

Once you have decided on the best place to buy Green Dot stock, it's absolutely critical to research their stock prior to buying, so you actually comprehend the risk and upside.

Green Dot stock data

GDOT Price
$9.69
1w %
6.72%
1y %
-46.26%
5y %
-79.64%
P/E
-20.62x
P/B
0.59x
P/S
0.33x
PEG
N/A
Revenue
$1.54B
Earnings
-$24.54M
Fore. Rev. Growth
4.83%
Fore. Earn. Growth
N/A
Market Cap
$515.61M
Next Earnings
Aug 1, 2024
Next Dividend
N/A

Green Dot Due Diligence Checks

WallStreetZen was created to help average investors perform more in-depth fundamental analysis quickly.

You can view all of the due diligence checks on GDOT's stock page.

Is GDOT stock undervalued or overvalued?

You can use many financial metrics, analyses, models, and charts to gauge GDOT's true value.

Using relative valuations methods:

  • GDOT may be undervalued based on its P/B ratio of 0.59x, relative to Credit Services industry P/B ratio of 4.89x

You can do additional valuation analysis on GDOT's stock here.

A quick look at GDOT Financials

Pros:

  • GDOT's operating cash flow of $86.16M allows it to safely service it's debt of $50.32M.
  • There are more short-term assets than long-term liabilities on the GDOT balance sheet.

Cons:

  • GDOT profit margin has gone down from 4.2% to -1.6% in the past year.
  • GDOT has a relatively high debt to equity ratio of 5.11.
  • Total GDOT debt is higher than 5 years ago, relative to shareholder equity.
  • GDOT earnings of -$21.57M is not enough to cover its interest payments.
  • There are more short-term liabilities than short-term assets on the GDOT balance sheet.

Is it a good time to buy GDOT stock, according to Wall Street analysts?

Out of 2 Wall Street analysts who monitor GDOT, the consensus analyst rating on GDOT is a Buy

It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.

You can dig deeper into what analysts are projecting on the Green Dot stock forecast page.

GDOT Technical Indicators

SMA10
9.54
SMA20
9.69
SMA50
9.41
SMA100
9.03
SMA200
9.89
MACD
-0.05
MACD Signal
0.01
MACD Histogram
-0.06
RSI
52.29
Stochastic %K
40.14
Stochastic %D
27.99
StochRSI %K
42.9
StochRSI %D
26.51

How is GDOT performing as a company?

Last year, GDOT revenue was $1.54B. Over the past 5 year, GDOT's revenue has increased by 7.2% per year. This was slower than the Credit Services industry average of 10.05%.

Learn more about GDOT's earnings and revenue performance here.

Latest Insiders Trades at GDOT

In the last year, executives and large shareholders at GDOT have sold more shares than they have bought.

Teresa Elaine Watkins, Chief Operations Officer of GDOT, was the latest GDOT insider to sell. They sold $1,886.34 worth of GDOT shares on Apr 2, 2024.

Learn more about who owns GDOT shares here.

Can I get consistent income from GDOT stock?

No, Green Dot doesn't provide an income stream by paying out dividends.

GDOT Social Trading Data

One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to learn what other investors have to say.

Step 5: Execute your GDOT trade

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually fine.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a specific price limit, place a limit order.

Click the Open button and your broker will place the order.

If you need more assistance investing in stocks on eToro, click the how to video below:

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Step 6: Keep tabs on your investment in GDOT

Now that you own some shares in GDOT, you'll want to stay up-to-date on your new stock purchase.

Add GDOT to a watchlist to get alerted to the latest events about your GDOT stock.

GDOT Feed

How to Buy Stock in Green Dot

To summarize, here are the 6 steps to buy Green Dot stock:

  1. Decide where to buy Green Dot stock
  2. Open your brokerage account
  3. Put funds into your investment account
  4. Analyze Green Dot stock
  5. Execute your GDOT trade
  6. Keep tabs on your investment in GDOT

If you need a brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get the latest news on your new investment in Green Dot, create a watchlist on WallStreetZen today.

NYSE: GDOT
$9.69+0.21 (+2.22%)
Updated Jun 24, 2024
Open eToro Account
NYSE: GDOT
$9.69+0.21 (+2.22%)
Updated Jun 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Green Dot share?

As of Jun 24, 2024, it costs $9.69 to buy one share of Green Dot stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $4, you can buy 0.413 shares of GDOT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Green Dot stock?

According to 2 Wall Street analysts who monitor Green Dot, their consensus recommendation is to buy Green Dot stock.

What is the best way to buy Green Dot stock?

One way to place an order for Green Dot stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.