Dropbox Inc (NASDAQ: DBX) kicked off on Friday, down -1.21% from the previous trading day, before settling in for the closing price of $28.00. Over the past 52 weeks, DBX has traded in a range of $20.68-$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. While this was happening, its average annual earnings per share was recorded 21.86%. With a float of $220.39 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 and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Dropbox Inc is 28.85%, while institutional ownership is 72.14%. The most recent insider transaction that took place on Nov 29 ’24, was worth 70,000. Before that another transaction happened on Nov 21 ’24, when Company’s Director sold 6,149 for $27.43, making the entire transaction worth $168,666. This insider now owns 16,016 shares in total.
Dropbox Inc (DBX) Latest Financial update
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.5 earnings per share (EPS), higher than consensus estimate (set at 0.48) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.63 per share during the current fiscal year.
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
Take a look at Dropbox Inc’s (DBX) current performance indicators. Last quarter, stock had a quick ratio of 0.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.33. Likewise, its price to free cash flow for the trailing twelve months is 9.94.
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 2.2 million. That was inferior than the volume of 3.64 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 70.69%. Additionally, its Average True Range was 0.69.
During the past 100 days, Dropbox Inc’s (DBX) raw stochastic average was set at 86.61%, which indicates a significant increase from 61.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.18% in the past 14 days, which was higher than the 27.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $26.35, while its 200-day Moving Average is $24.10. However, in the short run, Dropbox Inc’s stock first resistance to watch stands at $28.09. Second resistance stands at $28.52. The third major resistance level sits at $28.74. If the price goes on to break the first support level at $27.43, it is likely to go to the next support level at $27.21. The third support level lies at $26.78 if the price breaches the second support level.
Dropbox Inc (NASDAQ: DBX) Key Stats
The company with the Market Capitalisation of 8.46 billion has total of 309,730K Shares Outstanding. Its annual sales at the moment are 2,502 M in contrast with the sum of 453,600 K annual income. Company’s last quarter sales were recorded 638,800 K and last quarter income was 106,700 K.
