Dropbox Inc (NASDAQ:DBX) saw an upside of 0.91% to $27.15 after adding $0.25 on Wednesday. The 5-day average trading volume is 1,716,143 shares of the company’s common stock. It has gained $27.39 in the past week and touched a new high 4 times within the past 5 days. An average of 2,526,961 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,134,334.
DBX’s 1-month performance is -1.83% or -$0.18 on its low of $26.30 reached on 09/18/23. 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 21.29% or $4.73 and has reached a new high 26 times. However, the current price is down -5.35% from the 52-week high price.
Insider Transactions
DBX stock investors last saw insider trading activity on Sep 15.Volkmer Bart (Chief Legal Officer) most recently sold 7,054 shares at $27.14 per share on Sep 15. This transaction cost the insider $191,437. Chief Financial Officer, Regan Timothy, sold 3,000 shares at a price of $27.09 on Sep 15. Then, on Sep 05, Chief Legal Officer Volkmer Bart sold 7,088 shares at a price of $27.68 per share. This transaction amounted to $196,165.
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 3.90 while the price to cash flow ratio at 10.84.
Dropbox Inc’s quick ratio for the period ended June 29 was 1.15, with the current ratio over the same period at 1.15. In terms of profitability, the gross margin trailing 12 months is 80.92%. The trailing 12-month EBITDA margin is 22.10% while for the period ending June 29, Dropbox Inc’s operating margin was 13.13%. 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 26 September was 49.51% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.33%.
The stock’s 5-day moving average is $26.96, reflecting a +1.61% or $0.43 change from its current price. DBX is currently trading -2.80% above its 20-day SMA, +38.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.28% and SMA200 by+20.44%.
Stochastic %K and %D was 35.93% and 32.47% and the average true range (ATR) pointed at 0.52. The RSI (14) points at 48.97%, while the 14-day stochastic is at 37.16% with the period’s ATR at 0.53. The stock’s 9-day MACD Oscillator is pointing at 0.25 and -0.07 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Dropbox Inc (NASDAQ: DBX), William Blair downgraded it to a Mkt perform rating. They previously had an Outperform rating on the stock.
