Dropbox Inc. (NASDAQ:DBX) saw an upside of 0.63% to close Tuesday at $27.08 after adding $0.17 on the day. The 5-day average trading volume is 3,054,960 shares of the company’s common stock. It has gained $27.78 in the past week and touched a new high 1 time within the past 5 days. An average of 3,755,655 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,824,056.
DBX’s 1-month performance is 1.04% or $0.09 on its low of $25.63 reached on 08/03/23. The company’s shares have touched a 52-week low of $18.71 and high of $28.68, with the stock’s rally to the 52-week high happening on 07/19/23. YTD, DBX has achieved 21.00% or $4.70 and has reached a new high 26 times. However, the current price is down -5.58% from the 52-week high price.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
DBX stock investors last saw insider trading activity on Aug 15.Regan Timothy (Chief Financial Officer) most recently sold 3,000 shares at $28.17 per share on Aug 15. This transaction cost the insider $84,496. Chief Executive Officer, Houston Andrew, sold 162,500 shares at a price of $27.68 on Aug 10. Then, on Aug 10, Chief Financial Officer Regan Timothy sold 75,000 shares at a price of $27.76 per share. This transaction amounted to $2,081,835.
Valuation Metrics
DBX stock has a beta of 0.89. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.87 while the price to cash flow ratio at 12.55.
Dropbox Inc.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.20.. In terms of profitability, the gross margin trailing 12 months is 80.90%. The trailing 12-month EBITDA margin is 22.10% while for the period ending June 29, Dropbox Inc.’s operating margin was 6.20%. The firm’s gross profit as reported stood at $1.88 billion against revenue of $2.32 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -43.52% to $43.2 million, while revenue of $69.0 million was -59.72% off the previous quarter. Analysts expected DBX to announce $0.45 per share in earnings in its latest quarter, but it posted $0.51, representing a 13.30% surprise. EBITDA for the quarter stood at more than $110.4 million. DBX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.35 billion, with total debt at $2.27 billion. Shareholders hold equity totaling $347.8 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 22 August was 48.07% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.63%.
The stock’s 5-day moving average is $26.89, reflecting a -2.80% or -$0.78 change from its current price. DBX is currently trading +1.23% above its 20-day SMA, +27.92% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.83% and SMA200 by+30.95%.
Stochastic %K and %D was 43.54% and 40.85% and the average true range (ATR) pointed at 0.62. The RSI (14) points at 50.32%, while the 14-day stochastic is at 49.32% with the period’s ATR at 0.62. The stock’s 9-day MACD Oscillator is pointing at -0.44 and -0.46 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Dropbox Inc. (NASDAQ: DBX), Goldman upgraded it to a Neutral rating. They previously had a Sell rating on the stock. Analysts offering their rating for DBX stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate DBX as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
