Dropbox Inc. [DBX] moved down -4.91: Why It’s Important

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Dropbox Inc. [NASDAQ: DBX] closed the trading session at $21.30 on 05/05/22. The day’s price range saw the stock hit a low of $21.055, while the highest price level was $22.29. The company report on May 5, 2022 that Dropbox Announces Fiscal 2022 First Quarter Results.

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First Quarter Revenue of $562.4 Million, Up 9.9% Year-over-year; on a constant currency basis, Up 9.7% Year-over-year.

GAAP and Non-GAAP Operating Income of $89.5 Million and $170.3 Million, Up 110.6% and 14.6% Year-over-year.

The stocks have a year to date performance of -13.20 percent and weekly performance of -5.16 percent. The stock has been moved at -30.66 percent over the last six months. The stock has performed -8.82 percent around the most recent 30 days and changed -11.10 percent over the most recent 3-months.

If compared to the average trading volume of 3.63M shares, DBX reached to a volume of 3744080 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $31.60 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 2.50. 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.

Berenberg have made an estimate for Dropbox Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 02, 2021. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $28 to $35. The new note on the price target was released on June 11, 2021, representing the official price target for Dropbox Inc. stock. Previously, the target price had yet another raise to $26, while Goldman analysts kept a Sell rating on DBX stock.

The Average True Range (ATR) for Dropbox Inc. is set at 0.81, with the Price to Sales ratio for DBX stock in the period of the last 12 months amounting to 3.86. Price to Free Cash Flow for DBX in the course of the last twelve months was 11.76 with Quick ratio for the last quarter at 1.60.

DBX stock trade performance evaluation

Dropbox Inc. [DBX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.16. With this latest performance, DBX shares dropped by -8.82% in over the last four-week period, additionally sinking by -30.66% over the last 6 months – not to mention a drop of -13.17% 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 42.02, with the RSI for the last a single of trading hit 39.73, and the three-weeks RSI is set at 43.50 for Dropbox Inc. [DBX]. The present Moving Average for the last 50 days of trading for this stock 22.40, while it was recorded at 21.87 for the last single week of trading, and 26.34 for the last 200 days.

Dropbox Inc. [DBX]: An insightful look at the core fundamentals

Dropbox Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

Earnings per share (EPS) analysis for Dropbox Inc. [DBX] stock

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 Ownership positions

There are presently around $5,598 million, or 81.70% of DBX stock, in the hands of institutional investors. The top three institutional holders of DBX stocks are: VANGUARD GROUP INC with ownership of 31,220,139, which is approximately 0.758% of the company’s market cap and around 4.10% of the total institutional ownership; BLACKROCK INC., holding 19,516,363 shares of the stock with an approximate value of $437.17 million in DBX stocks shares; and PICTET ASSET MANAGEMENT LTD, currently with $338.29 million in DBX stock with ownership of nearly 8.67% 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 240 institutional holders increased their position in Dropbox Inc. [NASDAQ:DBX] by around 24,914,629 shares. Additionally, 214 investors decreased positions by around 32,621,845 shares, while 81 investors held positions by with 192,387,134 shares. The mentioned changes placed institutional holdings at 249,923,608 shares, according to the latest SEC report filing. DBX stock had 76 new institutional investments in for a total of 5,056,472 shares, while 59 institutional investors sold positions of 3,180,444 shares during the same period.