In a recent bid Dropbox Inc. [DBX] faced a contemporary bid of $20.53 yielding a 2.39% incline where 1.78 million shares have exchanged hands over the last week. DBX amount got a boost by 1.94% or $0.39 versus $20.14 at the end of the prior session. This change led market cap to move at 8.03B, putting the price 41.10% below the 52-week high and -14.95% above the 52-week low. The company’s stock has a normal trading capacity of 1.78 million shares while the relative volume is 0.82.

On 15, October 2020, Dropbox to Announce Third Quarter 2020 Earnings Results. According to news published on Yahoo Finance, Dropbox, Inc. (NASDAQ: DBX) announced today that it will report financial results for the third quarter ended September 30, 2020 after market close on Thursday, November 5, 2020. 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.

Analyst Birdseye View:

The most recent analyst activity for Dropbox Inc. [NASDAQ:DBX] stock was on July 20, 2020, when it was Upgrade with a Buy rating from Jefferies, which also raised its 12-month price target on the stock from $22 to $28. Before that, on July 31, 2020, BofA Securities Recapitulated a Neutral rating and elevated its amount target to $25. On May 15, 2020, Citigroup Initiated a Buy rating and boosted its price target on this stock to $27. On March 26, 2020, Goldman Downgrade a Sell rating and decreased its price target from $23 to $17. On January 10, 2020, Jefferies Downgrade a Hold rating. On October 22, 2019, Nomura Upgrade a Buy rating and boosted its amount target on this stock to $25. On September 26, 2019, RBC Capital Mkts Resumed an Outperform rating and decreased its target amount on this stock from $32 to $30. On August 07, 2019, Bernstein Initiated an Underperform rating and amplified its amount target to $19.

In the past 52 weeks of trading, this stock has oscillated between a low of $14.55 and a peak of $24.14. Right now, the middling Wall Street analyst 12-month amount mark is $29.00. At the most recent market close, shares of Dropbox Inc. [NASDAQ:DBX] were valued at $20.53. According to the average price forecast, investors can expect a potential return of 3.07%.

FUNDAMENTAL ANALYSIS

Dropbox Inc. [NASDAQ:DBX] most recently reported quarterly sales of 467.4 billion, which represented growth of 16.40%. This publicly-traded organization’s revenue is $593,110 per employee, while its income is -$18,815 per employee. This company’s Gross Margin is currently 76.90%, its Operating Margin is 0.80%, its Pretax Margin is -3.13, and its Net Margin is -3.17. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -2.40, -7.10, -5.99 and -4.35 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 55.46 and the whole liability to whole assets at 37.30. It shows enduring liability to the whole principal at 46.83 and enduring liability to assets at 0.31 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 19.73 points at 1st support level, the second support level is making up to 19.33. But as of 1st resistance point, this stock is sitting at 20.36 and at 20.59 for 2nd resistance point.

Dropbox Inc. [DBX] reported its earnings at $0.22 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.17/share signifying the difference of 0.05 and 29.40% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.17 calling estimates for $0.14/share with the difference of 0.03 depicting the surprise of 21.40%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Dropbox Inc. [NASDAQ:DBX] is 1.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.14. Now if looking for a valuation of this stock’s amount to sales ratio it’s 4.44, it’s amount to book ratio is 9.24 and showing 254.94 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Regan Timothy, Chief Financial Officer, and it was the sale of 2000.0 shares on Sep 21. Volkmer Bart, the Chief Legal Officer, completed a sale of 4200.0 shares on Aug 28. On Aug 27, Vashee Ajay, Chief Financial Officer, completed a sale of 20750.0 shares.