Daily Progress: Dropbox Inc (DBX) Drop -1.60, Closing at 29.56

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In the latest session, Dropbox Inc (NASDAQ: DBX) closed at $29.56 down -1.60% from its previous closing price of $30.04. In other words, the price has decreased by -$1.60 from its previous closing price. On the day, 3.29 million shares were traded. DBX stock price reached its highest trading level at $30.35 during the session, while it also had its lowest trading level at $29.4.

Ratios:

For a deeper understanding of Dropbox Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.75. For the most recent quarter (mrq), Quick Ratio is recorded 0.85 and its Current Ratio is at 0.85.

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:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 02 ’25 when ANDREW HOUSTON REVOCABLE TRUST bought 500,323 shares for $30.04 per share.

TIMOTHY REGAN bought 10,000 shares of DBX for $300,400 on Jan 02 ’25. On Dec 30 ’24, another insider, Regan Timothy, who serves as the Chief Financial Officer of the company, sold 2,500 shares for $30.38 each. As a result, the insider received 75,950 and left with 413,764 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 8911276032 and an Enterprise Value of 10287924224. As of this moment, Dropbox’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.11, and their Forward P/E ratio for the next fiscal year is 11.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.61. Its current Enterprise Value per Revenue stands at 4.051 whereas that against EBITDA is 16.824.

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 4.85%, while the 200-Day Moving Average is calculated to be 19.74%.

Shares Statistics:

For the past three months, DBX has traded an average of 2.81M shares per day and 3286890 over the past ten days. A total of 227.20M shares are outstanding, with a floating share count of 219.28M. Insiders hold about 29.20% of the company’s shares, while institutions hold 72.21% stake in the company. Shares short for DBX as of 1734048000 were 18074346 with a Short Ratio of 6.44, compared to 1731628800 on 16654787. Therefore, it implies a Short% of Shares Outstanding of 18074346 and a Short% of Float of 11.4300005.

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