In the past week, DBX stock has gone up by 2.81%, with a monthly gain of 7.98% and a quarterly surge of 12.72%. The volatility ratio for the week is 1.39%, and the volatility levels for the last 30 days are 1.61% for Dropbox Inc The simple moving average for the past 20 days is 4.02% for DBX’s stock, with a 7.64% simple moving average for the past 200 days.
Is It Worth Investing in Dropbox Inc (NASDAQ: DBX) Right Now?
Dropbox Inc (NASDAQ: DBX) has a price-to-earnings ratio of 15.50x that is above its average ratio. Additionally, the 36-month beta value for DBX is 0.61. 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.”
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The public float for DBX is 234.47M and currently, short sellers hold a 6.67% ratio of that float. The average trading volume of DBX on October 22, 2024 was 2.92M shares.
DBX) stock’s latest price update
Dropbox Inc (NASDAQ: DBX)’s stock price has gone rise by 0.76 in comparison to its previous close of 26.47, however, the company has experienced a 2.81% increase in its stock price over the last five trading days. businesswire.com reported 2024-10-17 that SAN FRANCISCO–(BUSINESS WIRE)–Dropbox, Inc. (NASDAQ: DBX) announced today that it will report financial results for the third quarter ended September 30, 2024 after market close on Thursday, November 7, 2024. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community. A live webcast and replay of the conference call can be accessed from the Dropbox investor relations website at http://investors.dropbox.
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 8.37% 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 -20.22% of loss for the given period.
Volatility was left at 1.61%, however, over the last 30 days, the volatility rate increased by 1.39%, as shares surge +7.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.85% upper at present.
During the last 5 trading sessions, DBX rose by +2.81%, which changed the moving average for the period of 200-days by -6.75% in comparison to the 20-day moving average, which settled at $25.64. In addition, Dropbox Inc saw -9.53% 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 2,500 shares at the price of $26.18 back on Oct 15 ’24. After this action, Regan Timothy now owns 466,747 shares of Dropbox Inc, valued at $65,443 using the latest closing price.
TIM REGAN, the Officer of Dropbox Inc, proposed sale 2,500 shares at $25.94 during a trade that took place back on Oct 15 ’24, which means that TIM REGAN is holding shares at $64,850 based on the most recent closing price.
Stock Fundamentals for DBX
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.82 for the gross margin
The net margin for Dropbox Inc stands at 0.23. The total capital return value is set at 0.33.
Based on Dropbox Inc (DBX), the company’s capital structure generated 1.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.55. The debt to equity ratio resting at -4.21. The interest coverage ratio of the stock is 55.57.
Currently, EBITDA for the company is 553.6 million with net debt to EBITDA at 2.26. When we switch over and look at the enterprise to sales, we see a ratio of 4.01. The receivables turnover for the company is 37.76for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
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.
