Dropbox Inc (NASDAQ: DBX) on Tuesday, plunged -0.53% from the previous trading day, before settling in for the closing price of $28.52. Within the past 52 weeks, DBX’s price has moved between $20.68 and $33.43.
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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. The company achieved an average annual earnings per share of 21.86%. With a float of $220.38 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 82.36%, operating margin of 20.01%, and the pretax margin is 27.16%.
Dropbox Inc (DBX) Insider Updates
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Dropbox Inc is 28.85%, while institutional ownership is 72.15%. The most recent insider transaction that took place on Nov 21 ’24, was worth 168,666. In this transaction Director of this company sold 6,149 shares at a rate of $27.43, taking the stock ownership to the 16,016 shares. Before that another transaction happened on Nov 21 ’24, when Company’s Chief Executive Officer sold 147,085 for $27.57, making the entire transaction worth $4,055,854. This insider now owns 0 shares in total.
Dropbox Inc (DBX) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 21.86% per share during the next fiscal year.
Dropbox Inc (NASDAQ: DBX) Trading Performance Indicators
Dropbox Inc (DBX) is currently performing well based on its current performance indicators. A quick ratio of 0.85 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.46. Likewise, its price to free cash flow for the trailing twelve months is 10.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.73, a number that is poised to hit 0.62 in the next quarter and is forecasted to reach 2.61 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 2.52 million. That was inferior than the volume of 3.66 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 90.70%. Additionally, its Average True Range was 0.71.
During the past 100 days, Dropbox Inc’s (DBX) raw stochastic average was set at 96.31%, which indicates a significant increase from 92.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.07% in the past 14 days, which was higher than the 27.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $26.22, while its 200-day Moving Average is $24.14. However, in the short run, Dropbox Inc’s stock first resistance to watch stands at $28.58. Second resistance stands at $28.80. The third major resistance level sits at $29.01. If the price goes on to break the first support level at $28.15, it is likely to go to the next support level at $27.94. Assuming the price breaks the second support level, the third support level stands at $27.72.
Dropbox Inc (NASDAQ: DBX) Key Stats
Market capitalization of the company is 8.79 billion based on 309,730K outstanding shares. Right now, sales total 2,502 M and income totals 453,600 K. The company made 638,800 K in profit during its latest quarter, and 106,700 K in sales during its previous quarter.
