Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Until today this year the stock’s price performance recorded an increase of 0.51%. However, over the last six months, the performance has been weaker by 36.55%. The price of DBX increased 5.18% over the last 30 days. And in the last five days, it has surged by 3.31%.
The market performance of Dropbox Inc’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $33.43 on 02/09/24, while the lowest value for the same duration was $20.68 on 06/20/24.
52-week price history of DBX Stock
Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. Dropbox Inc’s current trading price is -11.37% away from its 52-week high, while its distance from the 52-week low is 43.28%. The stock’s price range during this time has been between $20.68 and $33.43. The trading volume for the Technology sector company’s shares reached about 1.08 million for the day, which was lower than the average daily volume of 2.68 million over the last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Dropbox Inc (DBX) has experienced a quarterly rise of 22.09% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 9.18B and boasts a workforce of 2693 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 25.39, with a change in price of +6.27. Similarly, Dropbox Inc recorded 2,844,915 in trading volume during the last 100 days, posting a change of +27.06%.
DBX Stock Stochastic Average
Today, Dropbox Inc’s raw stochastic average for the past 50 days stands at 92.28%, indicating a rise from the raw stochastic average of the last 20 days, which was 90.11%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 81.50% and 85.29% respectively.
