Dropbox Inc (NASDAQ: DBX)’s stock price has increased by 2.11 compared to its previous closing price of 23.17. However, the company has seen a 2.07% increase in its stock price over the last five trading sessions. zacks.com reported 2024-07-17 that Dropbox (DBX) reachead $23.31 at the closing of the latest trading day, reflecting a +0.56% change compared to its last close.
Is It Worth Investing in Dropbox Inc (NASDAQ: DBX) Right Now?
The price-to-earnings ratio for Dropbox Inc (NASDAQ: DBX) is above average at 15.72x, Company’s 36-month beta value is 0.65.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for DBX is 238.89M, and currently, short sellers hold a 6.83% ratio of that floaft. The average trading volume of DBX on July 24, 2024 was 4.34M shares.
DBX’s Market Performance
DBX stock saw an increase of 2.07% in the past week, with a monthly gain of 6.91% and a quarterly increase of 1.50%. The volatility ratio for the week is 1.89%, and the volatility levels for the last 30 days are 1.97% for Dropbox Inc (DBX). The simple moving average for the past 20 days is 5.08% for DBX’s stock, with a -8.73% simple moving average for the past 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 5.28% 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 -29.23% of loss for the given period.
Volatility was left at 1.97%, however, over the last 30 days, the volatility rate increased by 1.89%, as shares surge +8.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.25% upper at present.
During the last 5 trading sessions, DBX rose by +2.07%, which changed the moving average for the period of 200-days by -12.50% in comparison to the 20-day moving average, which settled at $22.61. In addition, Dropbox Inc saw -19.74% 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 Volkmer Bart, who sale 7,000 shares at the price of $22.76 back on Jul 15 ’24. After this action, Volkmer Bart now owns 333,934 shares of Dropbox Inc, valued at $159,330 using the latest closing price.
Regan Timothy, the Chief Financial Officer of Dropbox Inc, sale 3,000 shares at $22.76 during a trade that took place back on Jul 15 ’24, which means that Regan Timothy is holding 535,122 shares at $68,271 based on the most recent closing price.
Stock Fundamentals for DBX
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.81 for the gross margin
The net margin for Dropbox Inc stands at 0.2. The total capital return value is set at 0.27.
Based on Dropbox Inc (DBX), the company’s capital structure generated 1.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.52. The debt to equity ratio resting at -5.66. The interest coverage ratio of the stock is 34.16.
Currently, EBITDA for the company is 553.6 million with net debt to EBITDA at 2.43. When we switch over and look at the enterprise to sales, we see a ratio of 3.68. The receivables turnover for the company is 37.81for trailing twelve months and the total asset turnover is 0.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.
Conclusion
In a nutshell, Dropbox Inc (DBX) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
