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 $8.98, up 1.13% from the previous day, and has decreased 47.67% in one year. It has underperformed other stocks in the Credit Services industry by 0.66 percentage points. Green Dot stock is currently +23.01% from its 52-week low of $7.30, and -57.98% from its 52-week high of $21.37.
As of Apr 24, 2024, there are 52.83M GDOT shares outstanding. The market value of GDOT is $474.41M. In the last 24 hours, 330,807 GDOT shares were traded.
How to Buy Green Dot Stock
Not sure how to invest in Green Dot stock? Here's how.
- 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.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Choose your payment method and add your details.
- 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).
- 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.
- 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.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best place to buy stocks. Here's why:
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Get $10 towards your stock purchase by creating an account with eToro today.
Open eToro AccountStep 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.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open a new trading account.
- Send your info by clicking the "Create Account" button. Get started with eToro today
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.
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
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 overvalued based on its P/E ratio of 69.08x, relative to Credit Services industry P/E ratio of 28.23x
- GDOT may be undervalued based on its P/B ratio of 0.55x, relative to Credit Services industry P/B ratio of 5x
You can access additional valuation analysis on GDOT's stock here.
A quick look at GDOT Financials
Pros:
- GDOT earnings of $17.66M is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the GDOT balance sheet.
- GDOT's operating cash flow of $97.52M allows it to safely service it's debt of $67.28M.
Cons:
- Total GDOT debt is higher than 5 years ago, relative to shareholder equity.
- GDOT has a relatively high debt to equity ratio of 4.61.
- GDOT profit margin has gone down from 4.4% to 0.4% in the past year.
- 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 4 Wall Street analysts who track GDOT, the consensus analyst rating on Green Dot is a Hold
It's important to note 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
GDOT Growth Numbers
Last year, GDOT earnings were $6.72M. Over the past five year, GDOT's earnings have grown by -43.56% per year. This was slower than the Credit Services industry average of 12.02%.
Last year, GDOT revenue was $1.50B. In the last five year, GDOT's revenue has grown by 7.1% per year. This was slower than the Credit Services industry average of 9.62%.
Find out more about GDOT's earnings and revenue performance here.
Latest Insiders Trades at GDOT
In the past 12 months, insiders 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 stock on Apr 2, 2024.
Research more about who owns GDOT stock here.
Does GDOT stock generate passive income?
No, Green Dot doesn't provide an income stream by paying out dividends.
What others are saying about GDOT
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your GDOT trade
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific price limit, place a limit order.
Click the Open Trade button and your broker will place your order.
If you require more help buying stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your investment in GDOT
Now that you own some GDOT stock, you'll want to keep up with your investment.
Make a watchlist to track the latest developments regarding your GDOT stock.
GDOT Feed
How to Buy Stock in Green Dot
To reiterate, here are the 6 steps to buy stock in Green Dot:
- Decide where to buy Green Dot stock
- Open your brokerage account
- Put funds into your investment account
- Analyze Green Dot stock
- Execute your GDOT trade
- Keep tabs on your investment in GDOT
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to monitor your new investment in Green Dot, add GDOT to your watchlist below.
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