Dropbox Inc [DBX] stock is trading at $23.49, up 0.56%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DBX shares have gain 1.12% over the last week, with a monthly amount drifted -1.47%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Dropbox Inc [NASDAQ: DBX] stock has seen the most recent analyst activity on February 16, 2024, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $30 from $33. Previously, JMP Securities downgraded its rating to Mkt Perform on February 16, 2024. On February 16, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $24 on the stock. BofA Securities downgraded its rating to a Underperform and decreased its price target to $28 on February 16, 2024. UBS initiated its recommendation with a Buy and recommended $36 as its price target on December 15, 2023. William Blair downgraded its rating to Mkt Perform for this stock on September 18, 2023. In a note dated May 08, 2023, Goldman upgraded an Neutral rating on this stock and boosted its target price from $22 to $25.
Dropbox Inc [DBX] stock has fluctuated between $19.55 and $33.43 over the past year. Currently, Wall Street analysts expect the stock to reach $28.25 within the next 12 months. Dropbox Inc [NASDAQ: DBX] shares were valued at $23.49 at the most recent close of the market. An investor can expect a potential return of 20.26% based on the average DBX price forecast.
Analyzing the DBX fundamentals
Dropbox Inc [NASDAQ:DBX] reported sales of 2.50B for the trailing twelve months, which represents a growth of 6.05%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is -1.4 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -9.36.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.32 points at the first support level, and at 23.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.65, and for the 2nd resistance point, it is at 23.81.
Dropbox Inc [DBX] reported earnings per share of $0.5 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.48/share, meaning a difference of $0.02 and a surprise factor of 4.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.56 per share as compared to estimates of $0.49 per share, a difference of $0.07 representing a surprise of 14.30%.
Ratios To Look Out For
For context, Dropbox Inc’s Current Ratio is 1.24. In addition, the Quick Ratio stands at 1.24 and the Cash Ratio stands at 0.51. Considering the valuation of this stock, the price to sales ratio is 3.23 and price to earnings (TTM) ratio is 17.87.
Transactions by insiders
Recent insider trading involved Houston Andrew, Chief Executive Officer, that happened on Apr 01 ’24 when 82000.0 shares were sold. Chief Financial Officer, Regan Timothy completed a deal on Apr 01 ’24 to sell 9905.0 shares. Meanwhile, Chief Financial Officer Regan Timothy sold 3000.0 shares on Mar 27 ’24.
