Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
Dropbox Inc (NASDAQ: DBX) closed the day trading at $23.14 down -0.77% from the previous closing price of $23.32. In other words, the price has decreased by -$0.77 from its previous closing price. On the day, 7.24 million shares were traded. DBX stock price reached its highest trading level at $23.38 during the session, while it also had its lowest trading level at $23.045.
Ratios:
For a better understanding of DBX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.48. For the most recent quarter (mrq), Quick Ratio is recorded 1.24 and its Current Ratio is at 1.24.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on February 16, 2024, Downgraded its rating to Neutral and sets its target price to $30 from $33 previously.
Goldman Downgraded its Neutral to Sell on February 16, 2024, whereas the target price for the stock was revised from $26 to $24.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 01 ’24 when Houston Andrew sold 82,000 shares for $23.44 per share. The transaction valued at 1,922,334 led to the insider holds 0 shares of the business.
Regan Timothy sold 3,000 shares of DBX for $70,789 on Apr 30 ’24. The Chief Financial Officer now owns 591,995 shares after completing the transaction at $23.60 per share. On Apr 15 ’24, another insider, Volkmer Bart, who serves as the Chief Legal Officer of the company, sold 6,682 shares for $23.12 each. As a result, the insider received 154,476 and left with 372,332 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DBX now has a Market Capitalization of 7830228480 and an Enterprise Value of 8634393600. As of this moment, Dropbox’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.61, and their Forward P/E ratio for the next fiscal year is 10.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.18. Its current Enterprise Value per Revenue stands at 3.452 whereas that against EBITDA is 15.6.
Stock Price History:
Over the past 52 weeks, DBX has reached a high of $33.43, while it has fallen to a 52-week low of $21.19. The 50-Day Moving Average of the stock is -2.50%, while the 200-Day Moving Average is calculated to be -14.65%.
Shares Statistics:
Over the past 3-months, DBX traded about 4.34M shares per day on average, while over the past 10 days, DBX traded about 3444770 shares per day. A total of 256.00M shares are outstanding, with a floating share count of 252.27M. Insiders hold about 26.66% of the company’s shares, while institutions hold 72.02% stake in the company. Shares short for DBX as of 1713139200 were 19208965 with a Short Ratio of 4.43, compared to 1710460800 on 19682840. Therefore, it implies a Short% of Shares Outstanding of 19208965 and a Short% of Float of 9.92.
