The price-to-earnings ratio for Dropbox Inc (NASDAQ: DBX) is above average at 17.44x. The 36-month beta value for DBX is also noteworthy at 0.71. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
The public float for DBX is 251.79M, and at present, short sellers hold a 8.40% of that float. The average trading volume of DBX on April 16, 2024 was 4.19M shares.
DBX) stock’s latest price update
Dropbox Inc (NASDAQ: DBX)’s stock price has gone decline by -0.30 in comparison to its previous close of 22.99, however, the company has experienced a -1.55% decrease in its stock price over the last five trading days. Benzinga reported 2024-04-04 that The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
DBX’s Market Performance
Dropbox Inc (DBX) has experienced a -1.55% fall in stock performance for the past week, with a -5.29% drop in the past month, and a -27.40% drop in the past quarter. The volatility ratio for the week is 1.76%, and the volatility levels for the past 30 days are at 1.68% for DBX. The simple moving average for the last 20 days is -4.02% for DBX’s stock, with a simple moving average of -16.51% for the last 200 days.
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 -11.24% 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 -31.44% of loss for the given period.
Volatility was left at 1.68%, however, over the last 30 days, the volatility rate increased by 1.76%, as shares sank -3.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.97% lower at present.
During the last 5 trading sessions, DBX fell by -1.55%, which changed the moving average for the period of 200-days by -14.22% in comparison to the 20-day moving average, which settled at $23.84. In addition, Dropbox Inc saw -22.25% 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 Houston Andrew, who sale 82,000 shares at the price of $24.29 back on Apr 01 ’24. After this action, Houston Andrew now owns 0 shares of Dropbox Inc, valued at $1,991,550 using the latest closing price.
Regan Timothy, the Chief Financial Officer of Dropbox Inc, sale 9,905 shares at $24.33 during a trade that took place back on Apr 01 ’24, which means that Regan Timothy is holding 597,995 shares at $240,951 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 3.72. 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
In summary, Dropbox Inc (DBX) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
