Dropbox Inc (DBX) concluded trading on Thursday at a closing price of $25.90, with 2.29 million shares of worth about $59.2 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 10.26% during that period and on October 10, 2024 the price saw a gain of about 0.35%. Currently the company’s common shares owned by public are about 256.00M shares, out of which, 234.47M shares are available for trading.
Stock saw a price change of 1.45% in past 5 days and over the past one month there was a price change of 7.25%. Year-to-date (YTD), DBX shares are showing a performance of -12.14% which decreased to -7.27% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.68 but also hit the highest price of $33.43 during that period. The average intraday trading volume for Dropbox Inc shares is 2.99 million. The stock is currently trading 3.28% above its 20-day simple moving average (SMA20), while that difference is up 7.80% for SMA50 and it goes to 4.06% higher than SMA200.
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Dropbox Inc (NASDAQ: DBX) currently have 256.00M outstanding shares and institutions hold larger chunk of about 69.63% of that.
The stock has a current market capitalization of $8.43B and its 3Y-monthly beta is at 0.61. PE ratio of stock for trailing 12 months is 15.05, while it has posted earnings per share of $1.72 in the same period. Its PEG reads 1.23 and has Quick Ratio of 1.02. 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 1.78% while standing at 1.82% over the month.
Stock’s fiscal year EPS is expected to rise by 13.16% while it is estimated to increase by 6.10% in next year.
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 JP Morgan on February 16, 2024 offering a Neutral rating for the stock and assigned a target price range of between $33 and $30 to it. On February 16, 2024, Goldman Downgrade their recommendations, while on February 16, 2024, BofA Securities Downgrade their ratings for the stock with a price target of $28. Stock get a Buy rating from UBS on December 15, 2023.
