Let’s start up with the current stock price of Dropbox Inc. (DBX), which is $19.84 to be very precise. The Stock rose vividly during the last session to $20.40 after opening rate of $20.38 while the lowest price it went was recorded $19.7022 before closing at $20.34.
Recently in News on October 13, 2020, Out of Office: Potential $1.2 Trillion Opportunity in Improving Focus in Knowledge Work, Shows Study Commissioned by Dropbox. Workplace Distractions Cost U.S. Companies Nearly $400B in Lost Productivity, According to a Study Conducted by the Economist Intelligence Unit Commissioned by Dropbox. You can read further details here
Dropbox Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $24.14 on 06/23/20, with the lowest value was $14.55 for the same time period, recorded on 03/12/20.
Dropbox Inc. (DBX) full year performance was 2.19%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Dropbox Inc. shares are logging -17.81% during the 52-week period from high price, and 36.36% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $14.55 and $24.14.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 3606686 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Dropbox Inc. (DBX) recorded performance in the market was 10.78%, having the revenues showcasing -3.97% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 7.91B, as it employees total of 2801 workers.
Analysts verdict on Dropbox Inc. (DBX)
During the last month, 9 analysts gave the Dropbox Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 1 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 21.14, with a change in the price was noted -1.83. In a similar fashion, Dropbox Inc. posted a movement of -8.42% for the period of last 100 days, recording 6,281,214 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for DBX is recording 0.29 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.19.
Dropbox Inc. (DBX): Technical Analysis
Raw Stochastic average of Dropbox Inc. in the period of last 50 days is set at 24.53%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 58.39%. In the last 20 days, the company’s Stochastic %K was 66.18% and its Stochastic %D was recorded 67.49%.
Let’s take a glance in the erstwhile performances of Dropbox Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 10.78%. Additionally, trading for the stock in the period of the last six months notably improved by 5.90%, alongside a boost of 2.19% for the period of the last 12 months. The shares increased approximately by 0.92% in the 7-day charts and went up by -2.51% in the period of the last 30 days. Common stock shares were lifted by -3.97% during last recorded quarter.