Dropbox Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $33.43 on 02/09/24, while the lowest price for the same period was registered at $20.68 on 06/20/24.
52-week price history of DBX Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Dropbox Inc’s current trading price is -21.12% away from its 52-week high, while its distance from the 52-week low is 27.51%. The stock’s price range during this period has spanned from $20.68 to $33.43. In the Technology sector, the Dropbox Inc’s shares surpassed a trading volume of approximately 1.85 million for the day, which was noticeably lower compared to the average daily volume of 9.2.93 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Dropbox Inc (DBX) has experienced a quarterly rise of 14.06% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 8.58B and boasts a workforce of 2693 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 23.41, with a change in price of +3.48. Similarly, Dropbox Inc recorded 3,583,960 in trading volume during the last 100 days, posting a change of +15.20%.
DBX Stock Stochastic Average
Today, Dropbox Inc’s raw stochastic average for the past 50 days stands at 98.76%, indicating a rise from the raw stochastic average of the last 20 days, which was 97.12%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 94.77% and 93.09% respectively.
DBX Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -10.55%. However, over the past six months, we’ve seen a weaker performance of 15.86%. The price of DBX fallen by 7.68% over the last 30 days. And in the last five days, it has surged by 1.81%.
