Dropbox Inc. [NASDAQ: DBX] jumped around 0.16 points on Thursday, while shares priced at $19.95 at the close of the session, up 0.81%. The company report on May 5, 2022 that Dropbox Announces Fiscal 2022 First Quarter Results.
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.
Dropbox Inc. stock is now -18.70% down from its year-to-date (YTD) trading value. DBX Stock saw the intraday high of $20.11 and lowest of $19.32 per share. The company’s 52-week high price is 33.00, which means current price is +3.26% above from all time high which was touched on 02/10/22.
Compared to the average trading volume of 3.74M shares, DBX reached a trading volume of 5083836 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $30.02 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 0.88, with the Price to Sales ratio for DBX stock in the period of the last 12 months amounting to 3.53. Price to Free Cash Flow for DBX in the course of the last twelve months was 10.80 with Quick ratio for the last quarter at 1.60.
How has DBX stock performed recently?
Dropbox Inc. [DBX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.34. With this latest performance, DBX shares dropped by -11.21% in over the last four-week period, additionally sinking by -26.65% over the last 6 months – not to mention a drop of -18.37% 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 35.70, with the RSI for the last a single of trading hit 31.80, and the three-weeks RSI is set at 38.49 for Dropbox Inc. [DBX]. The present Moving Average for the last 50 days of trading for this stock 22.21, while it was recorded at 20.40 for the last single week of trading, and 26.08 for the last 200 days.
Dropbox Inc. [DBX]: Deeper insight into the 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 analysis for Dropbox Inc. [DBX]
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%.
Insider trade positions for Dropbox Inc. [DBX]
There are presently around $4,993 million, or 81.80% 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 20,420,787 shares of the stock with an approximate value of $404.13 million in DBX stocks shares; and PICTET ASSET MANAGEMENT LTD, currently with $298.88 million in DBX stock with ownership of nearly 8.67% of the company’s market capitalization.
238 institutional holders increased their position in Dropbox Inc. [NASDAQ:DBX] by around 24,856,910 shares. Additionally, 216 investors decreased positions by around 29,591,190 shares, while 84 investors held positions by with 197,838,540 shares. The mentioned changes placed institutional holdings at 252,286,640 shares, according to the latest SEC report filing. DBX stock had 77 new institutional investments in for a total of 5,616,370 shares, while 54 institutional investors sold positions of 3,022,949 shares during the same period.