Dropbox Inc [DBX] Is Currently -3.58 below its 200 Period Moving Avg: What Does This Mean?

Dropbox Inc [NASDAQ: DBX] traded at a low on Thursday, posting a -3.58 loss after which it closed the day’ session at $22.34.

The results of the trading session contributed to over 4397360 shares changing hands. Over the past one week, the price volatility of Dropbox Inc stands at 2.36% while the volatility over the past one month is 2.31%.

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The market cap for DBX stock reached $7.38 billion, with 256.00 million shares outstanding and 239.40 million shares in the current float. Compared to the average trading volume of 3.86M shares, DBX reached a trading volume of 4397360 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 $27.86 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 2.79. 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.

JP Morgan have made an estimate for Dropbox Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 16, 2024. The new note on the price target was released on February 16, 2024, representing the official price target for Dropbox Inc stock. Previously, the target price had yet another drop from $26 to $24, while Goldman kept a Sell rating on DBX stock. On February 16, 2024, analysts decreased their price target for DBX shares from 34 to 28.

The Average True Range (ATR) for Dropbox Inc is set at 0.53, with the Price to Sales ratio for DBX stock in the period of the last 12 months amounting to 2.93. Price to Free Cash Flow for DBX in the course of the last twelve months was 9.36 with Quick ratio for the last quarter at 1.13.

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 -2.36. With this latest performance, DBX shares dropped by -3.54% in over the last four-week period, additionally sinking by -20.55% over the last 6 months – not to mention a drop of -1.54% 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 36.53, with the RSI for the last a single of trading hit 32.79, and the three-weeks RSI is set at 38.36 for Dropbox Inc [DBX]. The present Moving Average for the last 50 days of trading for this stock 23.55, while it was recorded at 22.88 for the last single week of trading, and 26.83 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 1.13 and a Current Ratio set at 1.13.

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 7.80%.

Insider trade positions for Dropbox Inc [DBX]

The top three institutional holders of DBX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in DBX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in DBX stock with ownership which is approximately 5.8386%.