A new trading day began on Tuesday, with Dropbox Inc (NASDAQ: DBX) stock price down -1.46% from the previous day of trading, before settling in for the closing price of $26.67. DBX’s price has ranged from $20.68 to $33.43 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 12.53% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 13.16%. With a float of $234.47 million, this company’s outstanding shares have now reached $256.00 million.
In an organization with 2693 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 82.0%, operating margin of 20.18%, and the pretax margin is 27.33%.
Dropbox Inc (DBX) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Dropbox Inc is 27.95%, while institutional ownership is 69.47%. The most recent insider transaction that took place on Oct 15 ’24, was worth 65,443. In this transaction Chief Financial Officer of this company sold 2,500 shares at a rate of $26.18, taking the stock ownership to the 466,747 shares. Before that another transaction happened on Oct 15 ’24, when Company’s Officer proposed sale 2,500 for $25.94, making the entire transaction worth $64,850.
Dropbox Inc (DBX) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.56 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.16% per share during the next fiscal year.
Dropbox Inc (NASDAQ: DBX) Trading Performance Indicators
Here are Dropbox Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.02. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.38. Likewise, its price to free cash flow for the trailing twelve months is 10.33.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.72, a number that is poised to hit 0.53 in the next quarter and is forecasted to reach 2.38 in one year’s time.
Technical Analysis of Dropbox Inc (DBX)
Let’s dig in a bit further. During the last 5-days, its volume was 2.03 million. That was inferior than the volume of 3.74 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 79.37%. Additionally, its Average True Range was 0.44.
During the past 100 days, Dropbox Inc’s (DBX) raw stochastic average was set at 91.06%, which indicates a significant increase from 69.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.99% in the past 14 days, which was lower than the 25.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.70, while its 200-day Moving Average is $24.76. However, in the short run, Dropbox Inc’s stock first resistance to watch stands at $26.61. Second resistance stands at $26.94. The third major resistance level sits at $27.14. If the price goes on to break the first support level at $26.09, it is likely to go to the next support level at $25.89. The third support level lies at $25.56 if the price breaches the second support level.
Dropbox Inc (NASDAQ: DBX) Key Stats
With a market capitalization of 8.55 billion, the company has a total of 330,192K Shares Outstanding. Currently, annual sales are 2,502 M while annual income is 453,600 K. The company’s previous quarter sales were 634,500 K while its latest quarter income was 110,500 K.
