Dropbox Inc [NASDAQ: DBX] closed the trading session at $27.08.
The stocks have a year to date performance of -9.85 percent and weekly performance of 0.93 percent. The stock has been moved at 6.28 percent over the last six months. The stock has performed 7.25 percent around the most recent 30 days and changed -8.94 percent over the most recent 3-months.
If compared to the average trading volume of 4.19M shares, DBX reached to a volume of 3904688 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 $28.14 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 3.21. 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 1.16, with the Price to Sales ratio for DBX stock in the period of the last 12 months amounting to 3.21. Price to Free Cash Flow for DBX in the course of the last twelve months was 9.38 with Quick ratio for the last quarter at 1.42.
DBX stock trade performance evaluation
Dropbox Inc [DBX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.93. With this latest performance, DBX shares gained by 7.25% in over the last four-week period, additionally plugging by 6.28% over the last 6 months – not to mention a rise of 16.12% 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 51.39, with the RSI for the last a single of trading hit 54.42, and the three-weeks RSI is set at 49.22 for Dropbox Inc [DBX]. The present Moving Average for the last 50 days of trading for this stock 28.11, while it was recorded at 26.24 for the last single week of trading, and 26.59 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 1.42 and a Current Ratio set at 1.42.
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 4.68%.
Dropbox Inc [DBX]: Institutional Ownership
There are presently around $107.89%, or 113.55%% of DBX stock, in the hands of institutional investors. The top three institutional holders of DBX stocks are: BLACKROCK INC. with ownership of 27.8 million shares, which is approximately 8.6235%. VANGUARD GROUP INC, holding 27.94 million shares of the stock with an approximate value of $$627.8 million in DBX stocks shares; and VANGUARD GROUP INC, currently with $$423.51 million in DBX stock with ownership which is approximately 5.846%.
