The closing price of Dropbox Inc (NASDAQ: DBX) was $23.48 for the day, down -1.76% from the previous closing price of $23.90. In other words, the price has decreased by -$0.42 from its previous closing price. On the day, 3117488 shares were traded.
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Ratios:
Our analysis of DBX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.64. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 01 ’24 when Houston Andrew sold 82,000 shares for $24.29 per share. The transaction valued at 1,991,550 led to the insider holds 0 shares of the business.
Regan Timothy sold 9,905 shares of DBX for $240,951 on Apr 01 ’24. The Chief Financial Officer now owns 597,995 shares after completing the transaction at $24.33 per share. On Mar 27 ’24, another insider, Regan Timothy, who serves as the Chief Financial Officer of the company, sold 3,000 shares for $24.36 each. As a result, the insider received 73,074 and left with 400,720 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 8.22B and an Enterprise Value of 8.90B. As of this moment, Dropbox’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.87, and their Forward P/E ratio for the next fiscal year is 10.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.23. Its current Enterprise Value per Revenue stands at 3.56 whereas that against EBITDA is 16.07.
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 $19.55. The 50-Day Moving Average of the stock is 27.08, while the 200-Day Moving Average is calculated to be 27.55.
Shares Statistics:
DBX traded an average of 4.18M shares per day over the past three months and 3.36M shares per day over the past ten days. A total of 256.00M shares are outstanding, with a floating share count of 252.21M. Insiders hold about 26.68% of the company’s shares, while institutions hold 72.43% stake in the company. Shares short for DBX as of Mar 15, 2024 were 19.68M with a Short Ratio of 4.71, compared to 16.94M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.72% and a Short% of Float of 8.83%.
Earnings Estimates
The firm’s stock currently is rated by 11 analysts. On average, analysts expect EPS of $0.5 for the current quarter, with a high estimate of $0.52 and a low estimate of $0.47, while EPS last year was $0.42. The consensus estimate for the next quarter is $0.5, with high estimates of $0.52 and low estimates of $0.48.
Analysts are recommending an EPS of between $2.2 and $1.94 for the fiscal current year, implying an average EPS of $2.03. EPS for the following year is $2.17, with 12 analysts recommending between $2.33 and $2.01.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. It ranges from a high estimate of $629.56M to a low estimate of $627.8M. As of the current estimate, Dropbox Inc’s year-ago sales were $611.1M, an estimated increase of 2.90% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $631.46M, an increase of 2.90% over than the figure of $2.90% in the same quarter last year. There is a high estimate of $633.44M for the next quarter, whereas the lowest estimate is $628.7M.
A total of 11 analysts have provided revenue estimates for DBX’s current fiscal year. The highest revenue estimate was $2.58B, 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 $2.5B, up 1.80% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $2.62B in the next fiscal year. The high estimate is $2.71B and the low estimate is $2.57B. The average revenue growth estimate for next year is up 2.80% from the average revenue estimate for this year.
