Dropbox Inc. [NASDAQ: DBX] stock went on an upward path that rose over 0.57% on Wednesday, amounting to a one-week price decrease of less than -4.71%. The company report on April 8, 2021 that VC Interest In Pitch Decks Up 62% In Q1, According To 2021 DocSend Startup Index.
One Year Into Pandemic, VCs’ Growing Demand For Deals Outpacing Startup Supply by 53%.
Dropbox (NASDAQ: DBX) announced that DocSend, a secure document sharing platform, released quarterly data based on its Pitch Deck Interest metrics that show venture capital investor interest and engagement (demand) with startup pitch decks (supply) were up 62% in the first quarter of 2021, compared to Q1 of 2020. During the 12 month timeframe, overall VC demand has increased 53% faster than the available supply of startup pitch decks.
Over the last 12 months, DBX stock rose by 38.53%. The one-year Dropbox Inc. stock forecast points to a potential upside of 11.77. The average equity rating for DBX stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $10.88 billion, with 411.60 million shares outstanding and 298.63 million shares in the current float. Compared to the average trading volume of 8.06M shares, DBX stock reached a trading volume of 4539170 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Dropbox Inc. [DBX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DBX shares is $29.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DBX stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
KeyBanc Capital Markets have made an estimate for Dropbox Inc. shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on January 15, 2021. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $32 to $25. The new note on the price target was released on July 31, 2020, representing the official price target for Dropbox Inc. stock. Previously, the target price had yet another raise from $22 to $28, while Jefferies kept a Buy rating on DBX stock.
The Average True Range (ATR) for Dropbox Inc. is set at 0.93, with the Price to Sales ratio for DBX stock in the period of the last 12 months amounting to 5.68. The Price to Book ratio for the last quarter was 32.49, with the Price to Cash per share for the same quarter was set at 2.71. Price to Free Cash Flow for DBX in the course of the last twelve months was 22.17 with Quick ratio for the last quarter at 1.10.
DBX Stock Performance Analysis:
Dropbox Inc. [DBX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.71. With this latest performance, DBX shares dropped by -5.87% in over the last four-week period, additionally plugging by 31.40% over the last 6 months – not to mention a rise of 38.53% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DBX stock in for the last two-week period is set at 50.10, with the RSI for the last a single of trading hit 44.70, and the three-weeks RSI is set at 52.76 for Dropbox Inc. [DBX]. The present Moving Average for the last 50 days of trading for this stock 25.23, while it was recorded at 26.64 for the last single week of trading, and 21.95 for the last 200 days.
Insight into Dropbox Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Dropbox Inc. [DBX] shares currently have an operating margin of +6.33 and a Gross Margin at +78.34. Dropbox Inc.’s Net Margin is presently recorded at -13.39.
Return on Total Capital for DBX is now 7.42, given the latest momentum, and Return on Invested Capital for the company is -17.53. Return on Equity for this stock declined to -44.88, with Return on Assets sitting at -10.08. When it comes to the capital structure of this company, Dropbox Inc. [DBX] has a Total Debt to Total Equity ratio set at 335.38. Additionally, DBX Total Debt to Total Capital is recorded at 77.03, with Total Debt to Total Assets ending up at 46.90. Long-Term Debt to Equity for the company is recorded at 278.97, with the Long-Term Debt to Total Capital now at 64.07.
Reflecting on the efficiency of the workforce at the company, Dropbox Inc. [DBX] managed to generate an average of -$92,862 per employee. Receivables Turnover for the company is 42.44 with a Total Asset Turnover recorded at a value of 0.75.Dropbox Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
DBX Stock EPS
With the latest financial reports released by the company, Dropbox Inc. posted 0.17/share EPS, while the average EPS was predicted by analysts to be reported at 0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 21.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DBX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Dropbox Inc. go to 16.80%.
Dropbox Inc. [DBX] Insider Position Details
There are presently around $6,664 million, or 82.50% of DBX stock, in the hands of institutional investors. The top three institutional holders of DBX stocks are: VANGUARD GROUP INC with ownership of 30,141,324, which is approximately 4.863% of the company’s market cap and around 4.00% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 17,061,743 shares of the stock with an approximate value of $449.06 million in DBX stocks shares; and BLACKROCK INC., currently with $417.59 million in DBX stock with ownership of nearly -2.231% of the company’s market capitalization.
Positions in Dropbox Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 245 institutional holders increased their position in Dropbox Inc. [NASDAQ:DBX] by around 42,408,305 shares. Additionally, 184 investors decreased positions by around 47,946,507 shares, while 60 investors held positions by with 162,824,608 shares. The mentioned changes placed institutional holdings at 253,179,420 shares, according to the latest SEC report filing. DBX stock had 104 new institutional investments in for a total of 6,008,869 shares, while 67 institutional investors sold positions of 23,954,486 shares during the same period.