Dropbox Inc. (NASDAQ:DBX) stock went on an upward path that rose over 0.22% on Thursday, amounting to a one-week price increase of more than 1.92%. Over the last 12 months, DBX stock dropped by -26.88%. The one-year DBX stock forecast points to a potential downside of -0.53, with the average price target set at $28.50 per share. The average equity rating for DBX stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for DBX stock reached $7.80 billion, with 418.99 million shares outstanding and 247.33 million shares in the current float. Compared to the average trading volume of 4.18M shares, DBX reached a trading volume of 3684492 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 $28.50 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 2.20. 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.
Jefferies have made an estimate for Dropbox Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 10, 2020. While these analysts kept the previous recommendation, Nomura raised their target price from $24 to $25. The new note on the price target was released on October 22, 2019, representing the official price target for Dropbox Inc. stock. Previously, the target price had yet another drop from $32 to $30, while RBC Capital Mkts kept a Outperform rating on DBX stock.
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 4.90. The Price to Book ratio for the last quarter was 10.11, with the Price to Cash per share for the same quarter was set at 2.46. Price to Free Cash Flow for DBX in the course of the last twelve months was 24.41 with Quick ratio for the last quarter at 1.20.
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 1.92. With this latest performance, DBX shares gained by 3.36% in over the last four-week period, additionally plugging by 5.92% over the last 6 months – not to mention a drop of -26.88% 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 65.90, with the RSI for the last a single of trading hit 70.11, and the three-weeks RSI is set at 58.01 for Dropbox Inc. (DBX). The present Moving Average for the last 50 days of trading for this stock 17.78, while it was recorded at 18.48 for the last single week of trading, and 20.43 for the last 200 days.
Dropbox Inc. (DBX): An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Dropbox Inc. (DBX) shares currently have an operating margin of -35.50 and a Gross Margin at +71.64. Dropbox Inc.’s Net Margin is presently recorded at -34.84.
Return on Total Capital for DBX is now -88.40, given the latest momentum, and Return on Invested Capital for the company is -103.04. Return on Equity for this stock declined to -124.38, with Return on Assets sitting at -35.73. When it comes to the capital structure of this company, Dropbox Inc. (DBX) has a Total Debt to Total Equity ratio set at 24.19. Additionally, DBX Total Debt to Total Capital is recorded at 19.48, with Total Debt to Total Assets ending up at 9.66. Long-Term Debt to Equity for the company is recorded at 13.28, with the Long-Term Debt to Total Capital now at 10.70.
Reflecting on the efficiency of the workforce at the company, Dropbox Inc. (DBX) managed to generate an average of -$208,739 per employee. Receivables Turnover for the company is 25.47 with a Total Asset Turnover recorded at a value of 1.03. Dropbox Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
Earnings per share (EPS) analysis for Dropbox Inc. (DBX) stock
With the latest financial reports released by the company, Dropbox Inc. posted 0.1/share EPS, while the average EPS was predicted by analysts to be reported at 0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 25.00%. 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 22.20%.
Dropbox Inc. (DBX): Insider Ownership positions
There are presently around $3,453 million, or 71.70% of DBX stock, in the hands of institutional investors. The top three institutional holders of DBX stocks are: VANGUARD GROUP INC with ownership of 20,042,614, which is approximately 22.49% of the company’s market cap and around 7.80% of the total institutional ownership; BLACKROCK INC., holding 18,700,942 shares of the stock with an approximate value of $347.28 million in DBX stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $212.05 million in DBX stock with ownership of nearly 74.684% of the company’s market capitalization.
Positions in Dropbox Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 188 institutional holders increased their position in Dropbox Inc. (NASDAQ:DBX) by around 42,778,067 shares. Additionally, 134 investors decreased positions by around 33,546,753 shares, while 54 investors held positions by with 109,606,972 shares. The mentioned changes placed institutional holdings at 185,931,792 shares, according to the latest SEC report filing. DBX stock had 60 new institutional investments in for a total of 5,691,432 shares, while 61 institutional investors sold positions of 10,434,671 shares during the same period.