Dropbox Inc. (NASDAQ: DBX) started the day on May 24, 2023, with a price decrease of -0.76% at $22.07. During the day, the stock rose to $22.29 and sunk to $22.02 before settling in for the price of $22.24 at the close. Taking a more long-term approach, DBX posted a 52-week range of $18.71-$24.99.
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The Technology sector firm’s twelve-monthly sales growth has been 16.00% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was 76.40%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 82.00%. This publicly-traded company’s shares outstanding now amounts to $347.10 million, simultaneously with a float of $266.79 million. The organization now has a market capitalization sitting at $7.68 billion. At the time of writing, stock’s 50-day Moving Average stood at $21.28, while the 200-day Moving Average is $21.92.
Dropbox Inc. (DBX) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Software – Infrastructure Industry. Dropbox Inc.’s current insider ownership accounts for 3.90%, in contrast to 82.90% institutional ownership. According to the most recent insider trade that took place on May 16, this organization’s Chief Legal Officer sold 10,550 shares at the rate of 22.04, making the entire transaction reach 232,572 in total value, affecting insider ownership by 351,420. Preceding that transaction, on May 11, Company’s Chief Executive Officer sold 162,500 for 21.65, making the whole transaction’s value amount to 3,518,905. This particular insider is now the holder of 0 in total.
Dropbox Inc. (DBX) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 3/30/2023, the organization reported $0.42 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at $0.36) by $0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.48 per share during the current fiscal year.
Dropbox Inc.’s EPS increase for this current 12-month fiscal period is 82.00% and is forecasted to reach 2.07 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 12.07% through the next 5 years, which can be compared against the 76.40% growth it accomplished over the previous five years trading on the market.
Dropbox Inc. (NASDAQ: DBX) Trading Performance Indicators
Let’s observe the current performance indicators for Dropbox Inc. (DBX). It’s Quick Ratio in the last reported quarter now stands at 1.20. The Stock has managed to achieve an average true range (ATR) of 0.49. Alongside those numbers, its PE Ratio stands at $12.01, and its Beta score is 0.82. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.23. Similarly, its price to free cash flow for trailing twelve months is now 9.97.
In the same vein, DBX’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.84, a figure that is expected to reach 0.46 in the next quarter, and analysts are predicting that it will be 2.07 at the market close of one year from today.
Technical Analysis of Dropbox Inc. (DBX)
If we take a close look at the recent performances of Dropbox Inc. (NASDAQ: DBX), its last 5-days Average volume was 3.09 million that shows plunge from its year to date volume of 3.24 million. During the previous 9 days, stock’s Stochastic %D was recorded 55.58% While, its Average True Range was 0.48.
Raw Stochastic average of Dropbox Inc. (DBX) in the period of the previous 100 days is set at 55.90%, which indicates a major fall in contrast to 67.82% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 39.13% that was higher than 33.36% volatility it exhibited in the past 100-days period.
