Dropbox Inc (DBX) concluded trading on 01/11/24 at a closing price of $31.06, with 4.3 million shares of worth about $133.43 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.81% during that period and on Thursday the price saw a gain of about 2.81%. Currently the company’s common shares owned by public are about 267.20M shares, out of which, 254.17M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 52 times over the past 12 months. They bought 619,310 shares in 10 of the transactions. In 42 selling transactions, insiders dumped 1,077,987 shares.
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Dropbox Inc (NASDAQ: DBX) started trading at $30.22, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 31.08, or with a gain of 2.81%. Stock saw a price change of 8.60% in past 5 days and over the past one month there was a price change of 11.17%. Year-to-date (YTD), DBX shares are showing a performance of 5.36% which increased to 38.35% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.71 but also hit the highest price of $30.50 during that period. The average intraday trading volume for Dropbox Inc shares is 2.89 million. The stock is currently trading 5.07% above its 20-day simple moving average (SMA20), while that difference is up 10.16% for SMA50 and it goes to 19.67% higher than SMA200.
Dropbox Inc (NASDAQ: DBX) currently have 267.20M outstanding shares and institutions hold larger chunk of about 70.07% of that.
The stock has a current market capitalization of $10.74B and its 3Y-monthly beta is at 0.77. PE ratio of stock for trailing 12 months is 19.65, while it has posted earnings per share of $1.58 in the same period. Its PEG reads 1.35 and has Quick Ratio of 1.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DBX, volatility over the week remained 2.82% while standing at 2.23% over the month.
Analysts are in expectations that Dropbox Inc (DBX) stock would likely to be making an EPS of $0.48 in the current quarter, while forecast for next quarter EPS is $0.48 and it is $2.06 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.45 which is $0.52 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.4 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 24.57% while it is estimated to increase by 5.13% in next year.
Analysts at 14 brokerage firms have issued recommendations for the Dropbox Inc (DBX)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.21. Out of those 14 Wall Street analysts, 6 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on December 15, 2023 offering a Buy rating for the stock and assigned a target price of $36 to it.
