On Friday, Dropbox Inc (NASDAQ: DBX) opened higher 0.81% from the last session, before settling in for the closing price of $25.79. Price fluctuations for DBX have ranged from $20.68 to $33.43 over the past 52 weeks.
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Annual sales at Technology sector company grew by 12.53% over the past five years. Company’s average yearly earnings per share was noted 13.16% at the time writing. With a float of $234.47 million, this company’s outstanding shares have now reached $256.00 million.
Let’s look at the performance matrix of the company that is accounted for 2693 employees. 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 Updates
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Dropbox Inc is 27.95%, while institutional ownership is 69.50%. 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) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.56 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.49) by 0.07. 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
Check out the current performance indicators for Dropbox Inc (DBX). In the past quarter, the stock posted a quick ratio of 1.02. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.34. Likewise, its price to free cash flow for the trailing twelve months is 10.22.
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)
Dropbox Inc (NASDAQ: DBX) saw its 5-day average volume 2.25 million, a negative change from its year-to-date volume of 3.72 million. As of the previous 9 days, the stock’s Stochastic %D was 17.55%. Additionally, its Average True Range was 0.44.
During the past 100 days, Dropbox Inc’s (DBX) raw stochastic average was set at 86.50%, which indicates a significant increase from 50.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.36% in the past 14 days, which was lower than the 25.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.89, while its 200-day Moving Average is $24.70. Nevertheless, the first resistance level for the watch stands at $26.18 in the near term. At $26.37, the stock is likely to face the second major resistance level. The third major resistance level sits at $26.53. If the price goes on to break the first support level at $25.83, it is likely to go to the next support level at $25.67. Assuming the price breaks the second support level, the third support level stands at $25.48.
Dropbox Inc (NASDAQ: DBX) Key Stats
There are currently 330,192K shares outstanding in the company with a market cap of 8.46 billion. Presently, the company’s annual sales total 2,502 M according to its annual income of 453,600 K. Last quarter, the company’s sales amounted to 634,500 K and its income totaled 110,500 K.
