Dropbox Inc [DBX] stock is trading at $32.49, up 1.85%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DBX shares have gain 0.90% over the last week, with a monthly amount glided 7.98%, and seem to be holding up well over a long-time horizon.
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 $33.33 over the past year. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. Dropbox Inc [NASDAQ: DBX] shares were valued at $32.49 at the most recent close of the market. An investor can expect a potential drop of -4.59% based on the average DBX price forecast.
Analyzing the DBX fundamentals
Dropbox Inc [NASDAQ:DBX] reported sales of 2.54B for the trailing twelve months, which represents a growth of 0.92%. 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 0.22, Equity is -1.7 and Total Capital is 0.37. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -3.7.
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 31.96 points at the first support level, and at 31.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.77, and for the 2nd resistance point, it is at 33.05.
Ratios To Look Out For
For context, Dropbox Inc’s Current Ratio is 0.85. Further, the Quick Ratio stands at 0.85, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 3.88 and price to earnings (TTM) ratio is 18.80.
Transactions by insiders
Recent insider trading involved Regan Timothy, Chief Financial Officer, that happened on Feb 07 ’25 when 2500.0 shares were sold. Officer, TIMOTHY REGAN completed a deal on Feb 07 ’25 to buy 2500.0 shares. Meanwhile, Chief Financial Officer Regan Timothy sold 2500.0 shares on Jan 30 ’25.
