Dropbox Inc (NASDAQ: DBX) is -15.03% 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 $25.43 in the last trading session, with the day’s loss setting it -0.38%.
Currently trading at $25.05, the stock is 2.78% and 5.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.55 million and changing -1.49% at the moment leaves the stock -0.04% off its SMA200. DBX registered -8.01% loss for a year compared to 6-month gain of 4.81%. The firm has a 50-day simple moving average (SMA 50) of $23.8118 and a 200-day simple moving average (SMA200) of $25.03965.
The stock witnessed a -0.36% loss in the last 1 month and extending the period to 3 months gives it a 10.84%, and is 0.48% up 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 1.70% over the week and 2.13% over the month.
Dropbox Inc (DBX) has around 2693 employees, a market worth around $8.15B and $2.53B in sales. Current P/E ratio is 14.56 and Fwd P/E is 10.54. Profit margin for the company is 23.06%. Distance from 52-week low is 21.13% and -25.07% from its 52-week high. The company has generated returns on investments over the last 12 months (40.28%).
with sales reaching $636.92M over the same period.The EPS is expected to grow by 13.16% this year, but quarterly earnings will post 1.80% year-over-year. Quarterly sales are estimated to grow 0.60% in year-over-year returns.
Dropbox Inc (DBX) Top Institutional Holders
646.0 institutions hold shares in Dropbox Inc (DBX), with institutional investors hold 97.47% of the company’s shares. The shares outstanding are 256.00M, and float is at 234.46M with Short Float at 6.54%. Institutions hold 93.28% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 27.94 million shares valued at $627.8 million. The investor’s holdings represent 8.3451% of the DBX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 27.8 million shares valued at $624.72 million to account for 8.3041 of the shares outstanding. The other top investors are AMERIPRISE FINANCIAL INC which holds 18.85 million shares representing 5.6295% and valued at over $423.51 million, while RENAISSANCE TECHNOLOGIES LLC holds 3.0807 of the shares totaling 10.31 million with a market value of $231.76 million.
Dropbox Inc (DBX) Insider Activity
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Still, SEC filings show that on Sep 27 ’24, Houston Andrew (Chief Executive Officer) disposed off 132,036 shares at an average price of $25.25 for $3.33 million. The insider now directly holds 0 shares of Dropbox Inc (DBX).
