Dropbox Inc (NASDAQ:DBX) currently has a daily average trading volume of 4.00M but it saw 2986373 shares traded in last market. With a market cap of 8.22B USD, the company’s current market price of $29.20 came falling about -1.12 while comparing to the previous closing price of $29.53. In past 52 weeks, the stock remained buoying in the range of price level as high as $33.33 and as low as $20.68.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the JP Morgan which downgraded the stock as “Neutral” in its note to investors issued on February 16, 2024, recommending a price target of between $33 and $30 for it. Goldman also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $26 and $24.
Over the week, DBX’s stock price is moving 1.88% up while it is 0.76% when we observe its performance for the past one month. Year-to-date it is -2.80% down and over the past year, the stock is showing an upside performance of 29.60%.
The company is expected to be releasing its next quarterly report in July, for which analysts forecasted an EPS of 0.63 while estimate for next year EPS is 2.64. In next quarter, company is expected to be making quarterly sales of $619.91M as analysts are expecting the sales for current fiscal year at $2.48B and seeing the company making $2.47B in sales next year. Moreover, analysts are in estimates of $618.6M for current-quarter revenue.
Currently, Dropbox Inc’s total number of outstanding shares is 202.60M with 6.09% of that held by the insiders while 113.67% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 44.41%. It has a price to earnings ratio (P/E ratio) of 19.19 while having a 10.21 of forward P/E ratio. Stock’s beta reads 0.66. Stock has a price to sale or P/S ratio amounts to 3.23. Its return on asset (ROA) is 16.34% on average.
