In the past week, DBX stock has gone down by -0.16%, with a monthly gain of 1.50% and a quarterly plunge of -18.20%. The volatility ratio for the week is 1.52%, and the volatility levels for the last 30 days are 1.95% for Dropbox Inc The simple moving average for the last 20 days is 0.73% for DBX stock, with a simple moving average of -11.83% for the last 200 days.
Is It Worth Investing in Dropbox Inc (NASDAQ: DBX) Right Now?
Dropbox Inc (NASDAQ: DBX) has a price-to-earnings ratio that is above its average at 18.50x. The stock has a 36-month beta value of 0.71. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for DBX is 252.21M, and at present, short sellers hold a 7.80% of that float. On April 02, 2024, the average trading volume of DBX was 4.15M shares.
DBX) stock’s latest price update
Dropbox Inc (NASDAQ: DBX)’s stock price has plunge by 0.04relation to previous closing price of 24.30. Nevertheless, the company has seen a -0.16% plunge in its stock price over the last five trading sessions. MarketBeat reported 2024-02-23 that When does a falling knife become just too tempting not to try and catch? With the broader equity market surging to record highs on the back of a risk-on sentiment that keeps getting stronger, there are only a handful of stocks out there that are plummeting right now.
Analysts’ Opinion of DBX
Many brokerage firms have already submitted their reports for DBX stocks, with JP Morgan repeating the rating for DBX by listing it as a “Neutral.” The predicted price for DBX in the upcoming period, according to JP Morgan is $30 based on the research report published on February 16, 2024 of the current year 2024.
Goldman gave a rating of “Sell” to DBX, setting the target price at $24 in the report published on February 16th of the current year.
DBX Trading at -11.85% from the 50-Day Moving Average
After a stumble in the market that brought DBX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.28% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.52%, as shares surge +0.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.17% lower at present.
During the last 5 trading sessions, DBX fell by -0.16%, which changed the moving average for the period of 200-days by -2.29% in comparison to the 20-day moving average, which settled at $24.14. In addition, Dropbox Inc saw -17.54% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DBX starting from Regan Timothy, who sale 3,000 shares at the price of $24.36 back on Mar 27 ’24. After this action, Regan Timothy now owns 400,720 shares of Dropbox Inc, valued at $73,074 using the latest closing price.
Volkmer Bart, the Chief Legal Officer of Dropbox Inc, sale 7,039 shares at $24.02 during a trade that took place back on Mar 15 ’24, which means that Volkmer Bart is holding 233,988 shares at $169,067 based on the most recent closing price.
Stock Fundamentals for DBX
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.81 for the gross margin
The net margin for Dropbox Inc stands at 0.18. The total capital return value is set at 0.21.
Based on Dropbox Inc (DBX), the company’s capital structure generated 1.12 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at -9.36. The interest coverage ratio of the stock is 22.7.
Currently, EBITDA for the company is 553.6 million with net debt to EBITDA at 2.55. When we switch over and look at the enterprise to sales, we see a ratio of 3.91. The receivables turnover for the company is 33.09for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.24.
Conclusion
To sum up, Dropbox Inc (DBX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
