At the time of writing, Dropbox Inc [DBX] stock is trading at $24.06, down -0.37%. An important factor to consider is whether the stock is rising or falling in short-term value. The DBX shares have gain 3.84% over the last week, with a monthly amount glided 7.31%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
For the past year, the stock price of Dropbox Inc fluctuated between $20.68 and $33.43. Currently, Wall Street analysts expect the stock to reach $28.25 within the next 12 months. Dropbox Inc [NASDAQ: DBX] shares were valued at $24.06 at the most recent close of the market. An investor can expect a potential return of 17.41% based on the average DBX price forecast.
Analyzing the DBX fundamentals
According to Dropbox Inc [NASDAQ:DBX], the company’s sales were 2.52B for trailing twelve months, which represents an 3.31% jump. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is -1.72 and Total Capital is 0.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -5.66.
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 23.98 points at the first support level, and at 23.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.20, and for the 2nd resistance point, it is at 24.35.
Ratios To Look Out For
It is important to note that Dropbox Inc [NASDAQ:DBX] has a current ratio of 1.13. On the other hand, the Quick Ratio is 1.13, and the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 3.15 and price to earnings (TTM) ratio is 15.99.
Transactions by insiders
Recent insider trading involved Volkmer Bart, Chief Legal Officer, that happened on Jul 15 ’24 when 7000.0 shares were sold. Chief Financial Officer, Regan Timothy completed a deal on Jul 15 ’24 to sell 3000.0 shares. Meanwhile, Chief Executive Officer Houston Andrew sold 82000.0 shares on Jul 01 ’24.
