rts logo

Dropbox Inc (DBX) Stock Could Soon Reward Patient Investors

Dropbox Inc (NASDAQ: DBX) is -25.31% lower on its value in year-to-date trading and has touched a low of $20.68 and a high of $33.43 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DBX stock was last observed hovering at around $22.24 in the last trading session, with the day’s loss setting it -0.22%.

Currently trading at $22.02, the stock is 1.08% and -2.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.66 million and changing -0.99% at the moment leaves the stock -15.74% off its SMA200. DBX registered -18.35% loss for a year compared to 6-month loss of -24.49%.

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

The stock witnessed a 1.94% gain in the last 1 month and extending the period to 3 months gives it a -5.41%, and is -2.26% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.49% over the week and 2.15% over the month.

Dropbox Inc (DBX) has around 2693 employees, a market worth around $7.27B and $2.52B in sales. Current P/E ratio is 14.63 and Fwd P/E is 9.58. Profit margin for the company is 20.50%. Distance from 52-week low is 6.48% and -34.13% from its 52-week high. The company has generated returns on investments over the last 12 months (33.41%).

with sales reaching $629.81M over the same period.The EPS is expected to grow by 8.09% this year, but quarterly earnings will post 1.70% year-over-year. Quarterly sales are estimated to grow 2.60% in year-over-year returns.

Dropbox Inc (DBX) Top Institutional Holders

The shares outstanding are 256.00M, and float is at 238.88M with Short Float at 6.93%.

Dropbox Inc (DBX) Insider Activity

The most recent transaction is an insider sale by Houston Andrew,the company’sChief Executive Officer. SEC filings show that Houston Andrew sold 82,000 shares of the company’s common stock on Jul 01 ’24 at a price of $22.40 per share for a total of $1.84 million. Following the sale, the insider now owns 0.0 shares.

Dropbox Inc disclosed in a document filed with the SEC on Jul 01 ’24 that Regan Timothy (Chief Financial Officer) sold a total of 13,000 shares of the company’s common stock. The trade occurred on Jul 01 ’24 and was made at $22.33 per share for $0.29 million. Following the transaction, the insider now directly holds 0.54 million shares of the DBX stock.

Still, SEC filings show that on Jun 17 ’24, Volkmer Bart (Chief Legal Officer) disposed off 6,908 shares at an average price of $21.02 for $0.15 million. The insider now directly holds 340,934 shares of Dropbox Inc (DBX).

Related Posts