Let’s start up with the current stock price of Dropbox Inc. (DBX), which is $24.52 to be very precise. The Stock rose vividly during the last session to $25.03 after opening rate of $24.50 while the lowest price it went was recorded $23.95 before closing at $24.47.Recently in News on November 4, 2021, Dropbox Announces Third Quarter Fiscal 2021 Results. Third Quarter Revenue of $550.2 Million, Up 12.9% Year-over-yearGAAP and Non-GAAP Operating Income of $77.3 Million and $161.0 Million, Up 157.7% and 43.5% Year-over-yearNet Cash Provided by Operating Activities of $231.5 Million and Free Cash Flow of $221.5 Million. 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 $33.00 on 08/06/21, with the lowest value was $21.57 for the same time period, recorded on 01/25/21.
Dropbox Inc. (DBX) full year performance was 28.24%
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 -25.70% during the 52-week period from high price, and 33.44% 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 $18.38 and $33.00.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 4958659 for the day, which was evidently higher, 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 10.50%, having the revenues showcasing -20.62% 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 9.86B, as it employees total of 2760 workers.
Specialists analysis on Dropbox Inc. (DBX)
During the last month, 6 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, 2 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 30.14, with a change in the price was noted -6.16. In a similar fashion, Dropbox Inc. posted a movement of -20.08% for the period of last 100 days, recording 3,755,368 in trading volumes.
Trends and Technical analysis: Dropbox Inc. (DBX)
Raw Stochastic average of Dropbox Inc. in the period of last 50 days is set at 7.50%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 7.58%. In the last 20 days, the company’s Stochastic %K was 4.25% and its Stochastic %D was recorded 3.85%.
Now, considering the stocks previous presentation, 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 10.50%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -10.54%, alongside a boost of 28.24% for the period of the last 12 months. The shares increased approximately by -6.05% in the 7-day charts and went up by -20.72% in the period of the last 30 days. Common stock shares were lifted by -20.62% during last recorded quarter.