As of Thursday close, Dropbox Inc.’s (NASDAQ:DBX) stock was down -$0.38, moving down -1.41 percent to $26.66. The average number of shares traded per day over the past five days has been 3,569,180 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.99 fall in that time frame. In the last twenty days, the average volume was 3,880,040, while in the previous 50 days, it was 4,907,508.
Since last month, DBX stock retreated -5.12%. Shares of the company fell to $25.63 on 08/03/23, the lowest level in the past month. A 52-week high of $28.68 was reached on 07/19/23 after having rallying from a 52-week low of $18.71. Since the beginning of this year, DBX’s stock price has risen by 19.12% or $4.28, and marked a new high 26 times. However, the stock has declined by -7.04% since its 52-week high.
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DBX stock investors should be aware that Dropbox Inc. (DBX) stock had its last reported insider trading activity 3 days ago on Aug 15. Regan Timothy, the Chief Financial Officer of the company, disposed of 3,000 shares for $28.17 on Aug 15. It resulted in a $84,496 divestment by the insider. Houston Andrew sold 162,500 shares at an average price of $27.68 on Aug 10. The insider now owns 0 shares following the transaction. On Aug 10, Chief Financial Officer Regan Timothy sold 75,000 shares at $27.76 apiece. The transaction was valued at $2,081,835.
Valuation Metrics
Right now, Dropbox Inc. (DBX) has a P/E ratio of about 14.86. The stock’s beta is 0.89.
Financial Health
In the three months ended June 29, Dropbox Inc.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 80.90% percent. In the year ended June 29, EBITDA margin amounted to 22.10%, whereas operating margins totaled 6.20%. Based on annual data, DBX earned $1.88 billion in gross profit and brought in $2.32 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 40.70%. Return on equity (ROE) for the past 12 months was -124.90%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DBX’s revenue rose 7.99% to $611.1 million during the quarter, while net income inched up to $622.4 million. While analysts expected Dropbox Inc. to report $0.45 quarterly earnings, the actual figure was $0.51 per share, beating the consensus estimate by 13.30%. During the quarter, the company generated $110.4 million in EBITDA. The liabilities of Dropbox Inc. were 3.35 billion at the end of its most recent quarter ended June 29, and its total debt was $2.27 billion. The value of shareholders’ equity is $347.8 million.
Technical Picture
This quick technical analysis looks at Dropbox Inc.’s (DBX) price momentum. With a historical volatility rate of 27.39%, the RSI 9-day stood at 40.67% on 17 August.
With respect to its five-day moving average, the current Dropbox Inc. price is down by -3.58% percent or -$0.99. At present, DBX shares trade -3.09% below its 20-day simple moving average and +25.99% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.83% above its SMA50 and +21.07% above its SMA200.
Stochastic coefficient K was 52.95% and Stochastic coefficient D was 69.53%, while ATR was 0.67. Given the Stochastic reading of 35.03% for the 14-day period, the RSI (14) reading has been calculated as 45.83%. As of today, the MACD Oscillator reading stands at -0.48, while the 14-day reading stands at -0.10.
Analyst Ratings
Goldman upgraded its rating on Dropbox Inc. (NASDAQ: DBX) to a Neutral in a note to investors on May 08, 2023. The analysts firm previously had a Sell rating on the stock.Dropbox Inc. (DBX) has been rated Overweight by analysts. According to 1 brokerage firm, DBX is a sell, and 7 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Dropbox Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $30.00, the current consensus forecast for the stock is $22.00 – $35.00. Based on these forecasts, analysts predict Dropbox Inc. (DBX) will achieve an average price target of $29.68.
