The stock of Dropbox Inc. (NASDAQ:DBX) decreased by -$0.06 on Tuesday to finish at $26.51, down -0.23 percent. The last five days have seen an average of 3,281,740 shares of common stock traded. 26 times new highs were reached in the current year, with a gain of $4.13. The average number of shares traded over the last 20 days was 2,681,845, while the average volume over the last 50 days totaled 3,383,496.
DBX stock dropped -0.86% since last month. On 09/18/23, the company’s shares reached a one-month low of $26.30. The stock touched a high of $28.68 on 07/19/23, after rallying from a low of $18.71 in 52 weeks. The price of DBX stock has risen by 18.45% or $4.13 this year, reaching a new high 26 times. Still, the stock price is down -7.57% from the 52-week high.
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Insider Transactions
DBX stock investors should be aware that Dropbox Inc. (DBX) stock had its last reported insider trading activity 5 days ago on Sep 15. On Sep 15, Chief Legal Officer Volkmer Bart sold 7,054 shares at $27.14 each. This transaction resulted in the insider making $191,437. On Sep 15, Regan Timothy sold 3,000 shares at a price of US$27.09. After the transaction, the insider now owns 508,252 shares. Chief Legal Officer Volkmer Bart had earlier sold 7,088 shares on Sep 05 for $27.68 a share. The transaction was completed for $196,165.
Valuation Metrics
Dropbox Inc. (DBX) has a trailing price-to-earnings (P/E) ratio of 14.78. Beta for the stock is 0.90. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.89, and the price-to-cash flow ratio of 12.61.
Financial Health
For the three months ended June 29, Dropbox Inc.’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 80.90% percent. Dropbox Inc.’s EBITDA margin for the year ended June 29 was 22.10%, whereas its operating margin stood at 6.20% for the same period. Based on annual data, it had gross profit of $1.88 billion and revenue of $2.32 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DBX’s return on assets (ROA) during the last 12 months has been 17.80%. There was a 40.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -124.90%.
Earnings Surprise
According to Dropbox Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $622.4 million, while revenues rose by 7.99% to $611.1 million. It was predicted that Dropbox Inc.’s quarterly earnings would be $0.51, but it ended up being $0.45, beating the consensus by 13.30%. EBITDA was $110.4 million for the quarter. At the end of Dropbox Inc.’s most recent quarter ended June 29, its liabilities totaled 3.35 billion, while its total debt was $2.27 billion. Equity owned by shareholders amounts to $347.8 million.
Technical Picture
Here’s a quick look at Dropbox Inc.’s (DBX) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 28.69%, suggesting the stock is oversold, with a 15.76% historical volatility rate.
The stochastic %K and %D were 10.85% and 22.24% respectively, while the average true range (ATR) was 0.54. Based on the 14-day stochastic reading of 9.63%, the RSI (14) reading is 37.80%. On the 9-day MACD Oscillator, the stock is at -0.71, and the 14-day reading is at -0.82.
Analyst Ratings
Dropbox Inc. (NASDAQ: DBX) was downgraded by William Blair to a a Mkt perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Dropbox Inc. (DBX) an Overweight rating. DBX is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is DBX’s price target for the next 12 months?
The current consensus forecast for the stock is between $27.20 and $35.00, with a median target price of $31.00. In analyzing these forecasts, the average price target given by analysts for Dropbox Inc. (DBX) is $30.79.
