So Far This Year, Dropbox Inc. (DBX) Reached A New High 1 time

At the last check on Friday, Dropbox Inc.’s (NASDAQ:DBX) stock was up $0.67, moving up 3.36 percent to $20.62. The average number of shares traded per day over the past five days has been 3,557,857 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.57 fall in that time frame. In the last twenty days, the average volume was 3,033,659, while in the previous 50 days, it was 3,170,220.

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Since last month, DBX stock retreated -11.21%. Shares of the company fell to $19.32 on 05/12/22, the lowest level in the past month. A 52-week high of $33.00 was reached on 02/10/22 after having rallying from a 52-week low of $19.32. Since the beginning of this year, DBX’s stock price has dropped by -18.70% or -$3.97, and marked a new high 6 times. However, the stock has declined by -37.52% since its 52-week high.

Dropbox Inc. (DBX) last reported insider trading activity 18 days ago on Apr 25. Regan Timothy, the Chief Financial Officer of the company, disposed of 2,500 shares for $22.33 on Apr 25. It resulted in a $55,822 divestment by the insider. Young Timothy H. sold 12,750 shares at an average price of $22.34 on Apr 25. The insider now owns 1,878,877 shares following the transaction. On Apr 11, Chief Legal Officer Volkmer Bart sold 11,000 shares at $22.62 apiece. The transaction was valued at $248,851.

Valuation Metrics

Right now, Dropbox Inc. (DBX) has a P/E ratio of about 19.31. The stock’s beta is 0.89.

Financial Health

In the three months ended March 30, Dropbox Inc.’s quick ratio stood at 1.60, while its current ratio was 1.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 79.40% percent. In the year ended March 30, operating margins totaled -6.60%. Based on annual data, DBX earned $1.71 billion in gross profit and brought in $2.16 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 22.80%. Return on equity (ROE) for the past 12 months was 84.90%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DBX’s revenue rose 9.03% to $565.5 million during the quarter, while net income inched up to $562.4 million. While analysts expected Dropbox Inc. to report $0.37 quarterly earnings, the actual figure was $0.38 per share, beating the consensus estimate by 2.70%. During the quarter, the company generated $138.9 million in EBITDA. The liabilities of Dropbox Inc. were 3.32 billion at the end of its most recent quarter ended March 30, and its total debt was $2.37 billion. The value of shareholders’ equity is $375.6 million.

Technical Picture

This quick technical analysis looks at Dropbox Inc.’s (DBX) price momentum. With a historical volatility rate of 43.51%, the RSI 9-day stood at 41.13% on 12 May.

With respect to its five-day moving average, the current Dropbox Inc. price is down by -2.70% percent or -$0.57. At present, DBX shares trade -10.84% below its 20-day simple moving average and -13.86% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.63% below its SMA50 and -35.21% below its SMA200.

Stochastic coefficient K was 19.23% and Stochastic coefficient D was 14.26%, while ATR was 0.89. Given the Stochastic reading of 36.50% for the 14-day period, the RSI (14) reading has been calculated as 41.46%. As of today, the MACD Oscillator reading stands at -0.79, while the 14-day reading stands at -1.17.


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