The stock of Dropbox Inc (DBX) has seen a -3.23% decrease in the past week, with a 0.60% gain in the past month, and a -28.03% decrease in the past quarter. The volatility ratio for the week is 2.53%, and the volatility levels for the past 30 days are at 1.89% for DBX. The simple moving average for the last 20 days is -0.01% for DBX stock, with a simple moving average of -14.05% 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 of 17.78x that is above its average ratio. Additionally, the 36-month beta value for DBX is 0.69. 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 252.27M and currently, short sellers hold a 7.61% ratio of that float. The average trading volume of DBX on May 06, 2024 was 4.22M shares.
DBX) stock’s latest price update
The stock price of Dropbox Inc (NASDAQ: DBX) has plunged by -0.93 when compared to previous closing price of 23.59, but the company has seen a -3.23% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that The consensus price target hints at a 28.2% upside potential for Dropbox (DBX). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
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 -1.60% 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 -30.09% of loss for the given period.
Volatility was left at 1.89%, however, over the last 30 days, the volatility rate increased by 2.53%, as shares surge +0.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.47% upper at present.
During the last 5 trading sessions, DBX fell by -3.23%, which changed the moving average for the period of 200-days by -16.83% in comparison to the 20-day moving average, which settled at $23.38. In addition, Dropbox Inc saw -20.73% 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 $23.44 back on May 01 ’24. After this action, Houston Andrew now owns 0 shares of Dropbox Inc, valued at $1,922,334 using the latest closing price.
Regan Timothy, the Chief Financial Officer of Dropbox Inc, sale 3,000 shares at $23.60 during a trade that took place back on Apr 30 ’24, which means that Regan Timothy is holding 591,995 shares at $70,789 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 3.78. 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 conclusion, Dropbox Inc (DBX) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
