Currently, there are 256.00M common shares owned by the public and among those 238.89M shares have been available to trade.
The company’s stock has a 5-day price change of -12.68% and -9.01% over the past three months. DBX shares are trading -27.34% year to date (YTD), with the 12-month market performance down to -22.08% lower. It has a 12-month low price of $20.68 and touched a high of $33.43 over the same period. DBX has an average intraday trading volume of 4.25 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.39%, -4.61%, and -16.70% respectively.
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Institutional ownership of Dropbox Inc (NASDAQ: DBX) shares accounts for 70.50% of the company’s 256.00M shares outstanding.
It has a market capitalization of $7.07B and a beta (3y monthly) value of 0.64. The stock’s trailing 12-month PE ratio is 14.24, while the earnings-per-share (ttm) stands at $1.50. The company has a PEG of 1.83 and a Quick Ratio of 1.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.96% over the week and 2.24% over the month.
Analysts forecast that Dropbox Inc (DBX) will achieve an EPS of 0.52 for the current quarter, 0.52 for the next quarter and 2.29 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.5 while analysts give the company a high EPS estimate of 0.5. Comparatively, EPS for the current quarter was 0.51 a year ago. Earnings per share for the fiscal year are expected to increase by 8.09%, and 7.40% over the next financial year.
Looking at the support for the DBX, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on February 16, 2024, with the firm’s price target at $33-$30. Goldman was of a view on February 16, 2024 that the stock is Sell, while BofA Securities gave the stock Underperform rating on February 16, 2024, issuing a price target of $34- $28. UBS on their part issued Buy rating on December 15, 2023.
