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The closing price of Dropbox Inc (NASDAQ: DBX) was $22.54 for the day, down -0.27% from the previous closing price of $22.60. In other words, the price has decreased by -$0.27 from its previous closing price. On the day, 1.43 million shares were traded. DBX stock price reached its highest trading level at $22.7 during the session, while it also had its lowest trading level at $22.52.
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 6.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.45. For the most recent quarter (mrq), Quick Ratio is recorded 1.13 and its Current Ratio is at 1.13.
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 Jul 01 ’24 when Houston Andrew sold 82,000 shares for $22.40 per share. The transaction valued at 1,836,989 led to the insider holds 0 shares of the business.
Regan Timothy sold 13,000 shares of DBX for $290,302 on Jul 01 ’24. The Chief Financial Officer now owns 538,122 shares after completing the transaction at $22.33 per share. On Jun 17 ’24, another insider, Volkmer Bart, who serves as the Chief Legal Officer of the company, sold 6,908 shares for $21.02 each. As a result, the insider received 145,174 and left with 340,934 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 7275476480 and an Enterprise Value of 8310949888. As of this moment, Dropbox’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.98, and their Forward P/E ratio for the next fiscal year is 9.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.95. Its current Enterprise Value per Revenue stands at 3.296 whereas that against EBITDA is 13.81.
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 -0.80%, while the 200-Day Moving Average is calculated to be -13.97%.
Shares Statistics:
DBX traded an average of 4.41M shares per day over the past three months and 4990380 shares per day over the past ten days. A total of 256.00M shares are outstanding, with a floating share count of 238.87M. Insiders hold about 27.66% of the company’s shares, while institutions hold 73.86% stake in the company. Shares short for DBX as of 1718323200 were 16549281 with a Short Ratio of 3.75, compared to 1715731200 on 20635458. Therefore, it implies a Short% of Shares Outstanding of 16549281 and a Short% of Float of 9.36.
Earnings Estimates
The company has 11.0 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.52 for the current quarter, with a high estimate of $0.55 and a low estimate of $0.5, while EPS last year was $0.51. The consensus estimate for the next quarter is $0.52, with high estimates of $0.54 and low estimates of $0.48.
Analysts are recommending an EPS of between $2.22 and $2.06 for the fiscal current year, implying an average EPS of $2.14. EPS for the following year is $2.29, with 12.0 analysts recommending between $2.46 and $2.11.
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 $630.41M to a low estimate of $629.12M. As of the current estimate, Dropbox Inc’s year-ago sales were $613.78MFor the next quarter, 10 analysts are estimating revenue of $639.2M. There is a high estimate of $643.32M for the next quarter, whereas the lowest estimate is $635.71M.
A total of 11 analysts have provided revenue estimates for DBX’s current fiscal year. The highest revenue estimate was $2.56B, while the lowest revenue estimate was $2.54B, resulting in an average revenue estimate of $2.54B. In the same quarter a year ago, actual revenue was $2.5BBased on 11 analysts’ estimates, the company’s revenue will be $2.61B in the next fiscal year. The high estimate is $2.68B and the low estimate is $2.57B.
