Dropbox Inc (NASDAQ: DBX) has a price-to-earnings ratio that is above its average at 14.62x. The stock has a 36-month beta value of 0.61. 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 234.47M, and at present, short sellers hold a 6.43% of that float. On October 29, 2024, the average trading volume of DBX was 2.90M shares.
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DBX) stock’s latest price update
Dropbox Inc (NASDAQ: DBX)’s stock price has gone decline by -3.27 in comparison to its previous close of 26.00, however, the company has experienced a -5.70% decrease in its stock price over the last five trading days. zacks.com reported 2024-10-23 that The latest trading day saw Dropbox (DBX) settling at $25.79, representing a -1.86% change from its previous close.
DBX’s Market Performance
DBX’s stock has fallen by -5.70% in the past week, with a monthly drop of -0.63% and a quarterly rise of 2.53%. The volatility ratio for the week is 2.31% while the volatility levels for the last 30 days are 1.83% for Dropbox Inc. The simple moving average for the past 20 days is -2.58% for DBX’s stock, with a 1.93% 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 0.84% 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 -24.77% of loss for the given period.
Volatility was left at 1.83%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares sank -1.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.97% upper at present.
During the last 5 trading sessions, DBX fell by -5.70%, which changed the moving average for the period of 200-days by -19.03% in comparison to the 20-day moving average, which settled at $25.82. In addition, Dropbox Inc saw -14.69% 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 3.82. 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
To sum up, Dropbox Inc (DBX) has seen a bad 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.
