A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Dropbox Inc’s current trading price is -29.70% away from its 52-week high, while its distance from the 52-week low is 25.60%. The stock’s price range for this time frame has been between $18.71 and $33.43. The trading volume of the company’s shares in the Technology reached around 5.9 million for the day, which was evidently higher than the average daily volume of 3.78 million over the last three months.
Dropbox Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $33.43 on 02/09/24, and the lowest price during the same period was recorded at $18.71 on 03/13/23.
How Financial Performance Impacts Market Capitalization
Dropbox Inc (DBX) has experienced a quarterly decline of -15.16% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 8.08B and boasts a workforce of 2693 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 28.40, with a change in price of -4.28. Similarly, Dropbox Inc recorded 3,539,553 in trading volume during the last 100 days, posting a change of -15.41%.
DBX Stock Stochastic Average
The raw stochastic average for Dropbox Inc over the last 50 days is presently at 2.65%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 2.69%. Further, the company’s Stochastic %K and %D values for the last 20 days were 6.48% and 7.00%, respectively.
DBX Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. This year’s metric has recorded a Price decrease of -20.28%. However, over the past six months, we’ve seen a stronger performance of -15.71%. The price of DBX leaped by -28.31% over the last 30 days. And in the last five days, it has fallen by -2.49%.
