Dropbox Inc [NASDAQ: DBX] loss -1.93% or 3679971.46 points to close at $3680000.0 with a heavy trading volume of 3623762 shares.
It opened the trading session at $28.65, the shares rose to $28.65 and dropped to $27.845, the range by which the price of stock traded the whole day. The daily chart for DBX points out that the company has recorded -7.47% loss over the past six months.
If we look at the average trading volume of 3.68M shares, DBX reached to a volume of 3623762 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $29.29 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.
Price to Free Cash Flow for DBX in the course of the last twelve months was 9.17 with Quick ratio for the last quarter at 0.72.
Trading performance analysis for DBX stock
Dropbox Inc [DBX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.17. With this latest performance, DBX shares dropped by -1.48% in over the last four-week period, additionally sinking by -7.47% over the last 6 months – not to mention a drop of -6.82% in the past year of trading.
Dropbox Inc [DBX]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Dropbox Inc [DBX] shares currently have an operating margin of 20.81% and a Gross Margin at 81.94%. Dropbox Inc’s Net Margin is presently recorded at 18.50%.
Return on Equity for this stock inclined to 16.34%, with Return on Assets sitting at 16.34%.
Dropbox Inc [DBX]: An earnings per share (EPS) analysis
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 5.39%.
An analysis of Institutional ownership at Dropbox Inc [DBX]
There are presently around $113.50%, or 120.87% of DBX stock, in the hands of institutional investors. The top three institutional holders of DBX stocks are: VANGUARD GROUP INC with ownership of 27.94 million shares, which is approximately 8.666%. BLACKROCK INC., holding 27.8 million shares of the stock with an approximate value of $$624.72 million in DBX stocks shares; and BLACKROCK INC., currently with $$423.51 million in DBX stock with ownership which is approximately 5.846%.
