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After finishing at $25.14 in the prior trading day, Dropbox Inc (NASDAQ: DBX) closed at $24.00, down -4.53%. In other words, the price has decreased by -$4.53 from its previous closing price. On the day, 4.2 million shares were traded. DBX stock price reached its highest trading level at $25.0162 during the session, while it also had its lowest trading level at $23.91.
Ratios:
Our goal is to gain a better understanding of DBX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.43. For the most recent quarter (mrq), Quick Ratio is recorded 1.02 and its Current Ratio is at 1.02.
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 Sep 03 ’24 when TIM REGAN bought 6,023 shares for $25.14 per share.
ANDREW HOUSTON REVOCABLE TRUST bought 84,500 shares of DBX for $2,124,330 on Sep 03 ’24. On Aug 30 ’24, another insider, TIMOTHY REGAN, who serves as the Officer of the company, bought 3,000 shares for $25.08 each.
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 7964424192 and an Enterprise Value of 8753922048. As of this moment, Dropbox’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.95, and their Forward P/E ratio for the next fiscal year is 10.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.08. Its current Enterprise Value per Revenue stands at 3.455 whereas that against EBITDA is 14.067.
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 $20.68. The 50-Day Moving Average of the stock is 4.30%, while the 200-Day Moving Average is calculated to be -5.57%.
Shares Statistics:
The stock has traded on average 4.00M shares per day over the past 3-months and 3230220 shares per day over the last 10 days, according to various share statistics. A total of 256.00M shares are outstanding, with a floating share count of 234.57M. Insiders hold about 27.92% of the company’s shares, while institutions hold 69.65% stake in the company. Shares short for DBX as of 1723680000 were 14852825 with a Short Ratio of 3.71, compared to 1721001600 on 15237612. Therefore, it implies a Short% of Shares Outstanding of 14852825 and a Short% of Float of 8.61.
Earnings Estimates
Current recommendations for the stock of the company come from 11.0 analysts. The consensus estimate for the next quarter is $0.52, with high estimates of $0.54 and low estimates of $0.5.
Analysts are recommending an EPS of between $2.33 and $2.19 for the fiscal current year, implying an average EPS of $2.24. EPS for the following year is $2.37, with 12.0 analysts recommending between $2.53 and $2.25.
Revenue Estimates
10 analysts predict $636.95M in revenue for the current quarter. It ranges from a high estimate of $637.67M to a low estimate of $636.48M. As of the current estimate, Dropbox Inc’s year-ago sales were $633MFor the next quarter, 10 analysts are estimating revenue of $642.85M. There is a high estimate of $645.2M for the next quarter, whereas the lowest estimate is $640.51M.
A total of 11 analysts have provided revenue estimates for DBX’s current fiscal year. The highest revenue estimate was $2.55B, while the lowest revenue estimate was $2.54B, resulting in an average revenue estimate of $2.55B. In the same quarter a year ago, actual revenue was $2.5BBased on 11 analysts’ estimates, the company’s revenue will be $2.6B in the next fiscal year. The high estimate is $2.65B and the low estimate is $2.57B.
