Dropbox Inc (NASDAQ: DBX) started the day on Thursday, with a price increase of 0.56% at $23.49, before settling in for the price of $23.36 at the close. Taking a more long-term approach, DBX posted a 52-week range of $19.55-$33.43.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was 12.53%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 1.76%. This publicly-traded company’s shares outstanding now amounts to $256.00 million, simultaneously with a float of $251.79 million. The organization now has a market capitalization sitting at $8.08 billion. At the time of writing, stock’s 50-day Moving Average stood at $26.00, while the 200-day Moving Average is $27.47.
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 26.80%, in contrast to 71.87% institutional ownership. According to the most recent insider trade that took place on Apr 01 ’24, this organization’s Chief Executive Officer sold 82,000 shares at the rate of 24.29, making the entire transaction reach 1,991,550 in total value, affecting insider ownership by 0. Preceding that transaction, on Apr 01 ’24, Company’s Chief Financial Officer sold 9,905 for 24.33, making the whole transaction’s value amount to 240,951. This particular insider is now the holder of 597,995 in total.
Dropbox Inc (DBX) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 12/30/2023, the organization reported $0.5 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at $0.48) by $0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.5 per share during the current fiscal year.
Dropbox Inc’s EPS increase for this current 12-month fiscal period is 1.76% and is forecasted to reach 2.17 in the upcoming year.
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 1.24. The Stock has managed to achieve an average true range (ATR) of 0.48. Alongside those numbers, its PE Ratio stands at $17.87, and its Beta score is 0.70. 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 10.64.
In the same vein, DBX’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.31, a figure that is expected to reach 0.50 in the next quarter, and analysts are predicting that it will be 2.17 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 2.8 million that shows plunge from its year to date volume of 4.03 million. During the previous 9 days, stock’s Stochastic %D was recorded 25.48% While, its Average True Range was 0.42.
Raw Stochastic average of Dropbox Inc (DBX) in the period of the previous 100 days is set at 4.97%, which indicates a major fall in contrast to 30.68% 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 11.55% that was lower than 47.07% volatility it exhibited in the past 100-days period.
