Dropbox Inc [DBX] stock is trading at $25.48, up 0.79%. An important factor to consider is whether the stock is rising or falling in short-term value. The DBX shares have gain 1.72% over the last week, with a monthly amount glided 10.11%, and 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 $20.68 and $33.43 over the past year. Currently, Wall Street analysts expect the stock to reach $28 within the next 12 months. Dropbox Inc [NASDAQ: DBX] shares were valued at $25.48 at the most recent close of the market. An investor can expect a potential return of 9.89% based on the average DBX price forecast.
Analyzing the DBX fundamentals
Dropbox Inc [NASDAQ:DBX] reported sales of 2.53B for the trailing twelve months, which represents a growth of 1.93%. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is -2.01 and Total Capital is 0.33. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-4.21.
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 25.24 points at the first support level, and at 25.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.65, and for the 2nd resistance point, it is at 25.82.
Ratios To Look Out For
For context, Dropbox Inc’s Current Ratio is 1.02. On the other hand, the Quick Ratio is 1.02, and the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 3.27 and price to earnings (TTM) ratio is 14.81.
Transactions by insiders
Recent insider trading involved Houston Andrew, Chief Executive Officer, that happened on Oct 01 ’24 when 0.35 million shares were sold. Chief Executive Officer, Houston Andrew completed a deal on Oct 02 ’24 to sell 97362.0 shares. Meanwhile, Director ANDREW HOUSTON REVOCABLE TRUST bought 97362.0 shares on Oct 02 ’24.
