Dropbox Inc. (NASDAQ: DBX) kicked off on May 19, 2023, at the price of $22.66, up 0.53% from the previous trading day. During the day, the shares moved up to $22.75 and dropped to $22.53 before settling in for the closing price of $22.57. Over the past 52 weeks, DBX has traded in a range of $18.71-$24.99.
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Annual sales at Technology sector company grew by 16.00% over the past five years. While this was happening, its average annual earnings per share was recorded 82.00%. With a float of $266.79 million, this company’s outstanding shares have now reached $347.10 million.
Let’s look at the performance matrix of the company that is accounted for 3118 employees. In terms of profitability, gross margin is +80.89, operating margin of +15.33, and the pretax margin is +8.29.
Dropbox Inc. (DBX) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Dropbox Inc. is 3.90%, while institutional ownership is 82.90%. The most recent insider transaction that took place on May 16, was worth 232,572. In this transaction Chief Legal Officer of this company sold 10,550 shares at a rate of $22.04, taking the stock ownership to the 351,420 shares. Before that another transaction happened on May 11, when Company’s Chief Executive Officer sold 162,500 for $21.65, making the entire transaction worth $3,518,905. This insider now owns 0 shares in total.
Dropbox Inc. (DBX) Latest Financial update
In the latest quarterly report, which was put into the public domain on 3/30/2023, the organization reported $0.42 earnings per share (EPS), higher than consensus estimate (set at $0.36) by $0.06. This company achieved a net margin of +23.79. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.48 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 82.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.07% during the next five years compared to 76.40% growth over the previous five years of trading.
Dropbox Inc. (NASDAQ: DBX) Trading Performance Indicators
Take a look at Dropbox Inc.’s (DBX) current performance indicators. Last quarter, stock had a quick ratio of 1.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.32. Likewise, its price to free cash flow for the trailing twelve months is 10.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.84, a number that is poised to hit 0.46 in the next quarter and is forecasted to reach 2.07 in one year’s time.
Technical Analysis of Dropbox Inc. (DBX)
Dropbox Inc. (NASDAQ: DBX) saw its 5-day average volume 4.17 million, a positive change from its year-to-date volume of 3.24 million. As of the previous 9 days, the stock’s Stochastic %D was 85.43%. Additionally, its Average True Range was 0.53.
During the past 100 days, Dropbox Inc.’s (DBX) raw stochastic average was set at 66.22%, which indicates a significant decrease from 96.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.01% in the past 14 days, which was higher than the 33.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.10, while its 200-day Moving Average is $21.95. Nevertheless, the first resistance level for the watch stands at $22.78 in the near term. At $22.88, the stock is likely to face the second major resistance level. The third major resistance level sits at $23.00. If the price goes on to break the first support level at $22.56, it is likely to go to the next support level at $22.44. The third support level lies at $22.34 if the price breaches the second support level.
Dropbox Inc. (NASDAQ: DBX) Key Stats
The company with the Market Capitalisation of 7.89 billion has total of 349,667K Shares Outstanding. Its annual sales at the moment are 2,325 M in contrast with the sum of 553,200 K annual income. Company’s last quarter sales were recorded 611,100 K and last quarter income was 69,000 K.
