Time to Buy Beat-Down Dropbox Inc. (DBX) Stock? Here is the INSIGHT

At the end of the latest market close, Dropbox Inc. (DBX) was valued at $27.87. In that particular session, Stock kicked-off at the price of $28.00 while reaching the peak value of $28.01 and lowest value recorded on the day was $27.49. The stock current value is $27.81.

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Recently in News on March 22, 2021, Dropbox Completes Acquisition of DocSend. Dropbox, Inc., (NASDAQ: DBX) today announced it has completed the acquisition of DocSend, a secure document sharing and analytics company with more than 17,000 customers. The combination of Dropbox, HelloSign, and DocSend will help customers across industries manage end-to-end document workflows—from content collaboration to sharing and e-signature—giving them more control over their business results. You can read further details here

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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 $28.33 on 03/16/21, with the lowest value was $21.57 for the same time period, recorded on 01/25/21.

Dropbox Inc. (DBX) full year performance was 54.84%

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 -1.84% during the 52-week period from high price, and 60.57% 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 $17.32 and $28.33.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 5125839 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 25.33%, having the revenues showcasing 26.12% 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 11.23B, as it employees total of 2760 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, 3 analysts were recommending to HOLD this stock, 2 of them gave the stock UNDERWEIGHT rating, and 0 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 23.10, with a change in the price was noted +9.06. In a similar fashion, Dropbox Inc. posted a movement of +48.32% for the period of last 100 days, recording 7,972,124 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 0.81 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.51.

Dropbox Inc. (DBX): Technical Analysis

Raw Stochastic average of Dropbox Inc. in the period of last 50 days is set at 92.31%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 88.10%. In the last 20 days, the company’s Stochastic %K was 87.60% and its Stochastic %D was recorded 84.64%.

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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 25.33%. Additionally, trading for the stock in the period of the last six months notably improved by 44.99%, alongside a boost of 54.84% for the period of the last 12 months. The shares increased approximately by 6.31% in the 7-day charts and went down by 18.44% in the period of the last 30 days. Common stock shares were driven by 26.12% during last recorded quarter.

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