Dropbox Inc (DBX) concluded trading on Wednesday at a closing price of $32.40, with 3.55 million shares of worth about $115.06 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.66% during that period and on January 29, 2025 the price saw a loss of about -0.86%. Currently the company’s common shares owned by public are about 227.20M shares, out of which, 219.73M shares are available for trading.
Stock saw a price change of 3.88% in past 5 days and over the past one month there was a price change of 5.37%. Year-to-date (YTD), DBX shares are showing a performance of 7.86% which increased to 0.93% 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 2.90 million. The stock is currently trading 5.93% above its 20-day simple moving average (SMA20), while that difference is up 9.54% for SMA50 and it goes to 28.25% higher than SMA200.
Dropbox Inc (NASDAQ: DBX) currently have 227.20M outstanding shares and institutions hold larger chunk of about 71.98% of that.
The stock has a current market capitalization of $10.04B and its 3Y-monthly beta is at 0.61. PE ratio of stock for trailing 12 months is 18.75, while it has posted earnings per share of $1.73 in the same period. Its PEG reads 1.61 and has Quick Ratio of 0.85. 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 2.69% while standing at 1.93% over the month.
Stock’s fiscal year EPS is expected to rise by 21.86% while it is estimated to increase by 7.52% 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.
