Dropbox Inc (NASDAQ:DBX) finished Friday with a subtraction of $0.0 to close at $27.23, a downside of 0.00 percent. An average of 1,890,240 shares of common stock have been traded in the last five days. There was a gain of $0.34 in the past week, and it reached a new high 28 times over the past 12 months. The last 20 days have seen an average of 2,504,450 shares traded, while the 50-day average volume stands at 3,027,012.
DBX stock has decreased by -1.23% in the last month. The company shares reached their 1-month lowest point of $26.30 on 09/18/23. With the stock rallying to its 52-week high on 07/19/23, shares of the company touched a low of $18.71 and a high of $28.68 in 52 weeks. It has reached a new high 26 times so far this year and achieved 21.67% or $4.85 in price. In spite of this, the price is down -5.06% from the 52-week high.
Insider Transactions
DBX stock investors should be aware that Dropbox Inc (DBX) stock had its last reported insider trading activity 15 days ago on Sep 15. In this transaction, the insider spent $191,437. Chief Financial Officer, Regan Timothy, disposed of 3,000 shares at a price of $27.09 on Sep 15. The insider now owns more than $81,271 worth of shares. Prior to that, Chief Legal Officer Volkmer Bart went on to Sale 7,088 shares at $27.68 each on Sep 05. An amount of $196,165 was transacted.
Valuation Metrics
Dropbox Inc (DBX) has a trailing price-to-earnings (P/E) ratio of 18.38. The stock’s beta is 0.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.91, and the price-to-cash flow ratio at 10.87.
Financial Health
The quick ratio of Dropbox Inc for the three months ended June 29 was 1.15, and the current ratio was 1.15, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $1.88 billion compared to revenue of $2.32 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $43.2 million in the quarter, while revenues were shrunk -43.52%. The analyst consensus anticipated Dropbox Inc’s latest quarter earnings to come in at $0.45 per share, but it turned out to be $0.51, a 13.30% surprise. For the quarter, EBITDA amounted to $110.4 million. Shareholders own equity worth $347.8 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Dropbox Inc (DBX) price momentum. RSI 9-day as of the close on 29 September was 52.52%, suggesting the stock is Neutral, with historical volatility in this time frame at 11.14%.
As of today, DBX’s price is $27.14 +1.26% or $0.34 from its 5-day moving average. DBX is currently trading -2.02% lower than its 20-day SMA and +27.12% higher than its 100-day SMA. However, the stock’s current price level is -1.02% below the SMA50 and +18.70% above the SMA200.
The stochastic %K and %D were 46.13% and 39.38%, respectively, and the average true range (ATR) was 0.51. With the 14-day stochastic at 58.13% and the average true range at 0.53, the RSI (14) stands at 50.82%. The stock has reached 0.25 on the 9-day MACD Oscillator while the 14-day reading was at 0.14.
Analyst Ratings
William Blair downgraded Dropbox Inc (NASDAQ: DBX) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Dropbox Inc (DBX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DBX, while 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
