In the latest session, Dropbox Inc (NASDAQ: DBX) closed at $24.15 up 1.47% from its previous closing price of $23.80. In other words, the price has increased by $+0.35 from its previous closing price. On the day, 4544028 shares were traded. DBX stock price reached its highest trading level at $24.20 during the session, while it also had its lowest trading level at $23.51.
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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 6.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.94. 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:
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 Mar 05 ’24 when Houston Andrew sold 164,000 shares for $23.86 per share. The transaction valued at 3,913,122 led to the insider holds 0 shares of the business.
Regan Timothy sold 3,000 shares of DBX for $71,511 on Feb 29 ’24. The Chief Financial Officer now owns 406,720 shares after completing the transaction at $23.84 per share. On Feb 23 ’24, another insider, Volkmer Bart, who serves as the Chief Legal Officer of the company, sold 7,143 shares for $23.80 each. As a result, the insider received 170,016 and left with 241,027 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 8.31B and an Enterprise Value of 8.98B. As of this moment, Dropbox’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.38, and their Forward P/E ratio for the next fiscal year is 11.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.32. Its current Enterprise Value per Revenue stands at 3.59 whereas that against EBITDA is 16.23.
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 $18.71. The 50-Day Moving Average of the stock is 29.45, while the 200-Day Moving Average is calculated to be 27.49.
Shares Statistics:
For the past three months, DBX has traded an average of 3.73M shares per day and 5.33M over the past ten days. A total of 256.00M shares are outstanding, with a floating share count of 252.71M. Insiders hold about 26.53% of the company’s shares, while institutions hold 71.71% stake in the company. Shares short for DBX as of Feb 15, 2024 were 16.94M with a Short Ratio of 4.54, compared to 18.24M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.93% and a Short% of Float of 7.60%.
Earnings Estimates
There are 11 different market analysts currently analyzing its stock. 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
A total of 10 analysts believe the company’s revenue will be $628.67M this quarter.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.
