Dropbox Inc. (NASDAQ:DBX) saw a downside of -1.97% to close Tuesday at $22.93 after subtracting -$0.46 on the day. The 5-day average trading volume is 2,118,680 shares of the company’s common stock. It has gained $23.52 in the past week and touched a new high 1 time within the past 5 days. An average of 2,062,670 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,592,146.
DBX’s 1-month performance is 0.31% or $0.45 on its low of $21.76 reached on 01/06/23. The company’s shares have touched a 52-week low of $19.07 and high of $25.81, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, DBX has achieved 2.46% or $0.55 and has reached a new high 6 times. However, the current price is down -11.14% from the 52-week high price.
DBX stock investors last saw insider trading activity on Jan 11.Volkmer Bart (Chief Legal Officer) most recently sold 10,000 shares at $22.79 per share on Jan 11. This transaction cost the insider $227,902. Chief Executive Officer, Houston Andrew, sold 162,500 shares at a price of $22.14 on Jan 05. Then, on Jan 03, Chief Financial Officer Regan Timothy sold 2,000 shares at a price of $22.56 per share. This transaction amounted to $45,120.
DBX stock has a beta of 0.82. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.59 while the price to cash flow ratio at 11.06.
Dropbox Inc.’s quick ratio for the period ended September 29 was 1.40, with the current ratio over the same period at 1.40.. In terms of profitability, the gross margin trailing 12 months is 80.60%. The firm’s gross profit as reported stood at $1.71 billion against revenue of $2.16 billion.
For the quarterly period ending September 29 this year, Dropbox Inc.’s cash and short-term investments amounted to $1.08 billion against total debt of $2.28 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 9.13% to $83.2 million, while revenue of $62.0 million was 25.48% off the previous quarter. Analysts expected DBX to announce $0.37 per share in earnings in its latest quarter, but it posted $0.43, representing a 16.20% surprise. EBITDA for the quarter stood at more than $139.4 million. DBX stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 3.29 billion, with total debt at $2.28 billion. Shareholders hold equity totaling $362.74 million.
Let’s look briefly at Dropbox Inc. (DBX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 53.15% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.62%.
The stock’s 5-day moving average is $22.92, reflecting a +0.79% or $0.18 change from its current price. DBX is currently trading +2.32% above its 20-day SMA, +5.96% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.21% and SMA200 by+0.70%.
Stochastic %K and %D was 72.65% and 64.93% and the average true range (ATR) pointed at 0.56. The RSI (14) points at 52.94%, while the 14-day stochastic is at 66.38% with the period’s ATR at 0.56. The stock’s 9-day MACD Oscillator is pointing at 0.13 and 0.32 on the 14-day charts.
In the most recent analyst report for Dropbox Inc. (NASDAQ: DBX), Jefferies downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for DBX stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate DBX as a “sell,”, while 4 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.
What is DBX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $20.00 and a high of $34.00, with their median price target at $26.00. Looking at these predictions, the average price target given by analysts is for Dropbox Inc. (DBX) stock is $26.95.