Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Dropbox Inc’s current trading price is -2.24% away from its 52-week high, while its distance from the 52-week low is 58.03%. The stock’s price range during this period has varied between $20.68 and $33.43. The company, active in the Technology sector, saw a trading volume of around 4.02 million for the day, considerably higher average daily volume of 2.9 million observed 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 $20.68 on 06/20/24.
How Financial Performance Impacts Market Capitalization
Dropbox Inc (DBX) has experienced a quarterly rise of 26.72% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.12B 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 27.50, with a change in price of +8.68. Similarly, Dropbox Inc recorded 2,797,559 in trading volume during the last 100 days, posting a change of +36.17%.
DBX Stock Stochastic Average
As of today, the raw stochastic average of Dropbox Inc over the past 50 days is 91.05%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 84.95%. Additionally, the Stochastic %K and %D values for the company were 90.00% and 92.08%, respectively, over the past 20 days.
DBX Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price gain of 8.79% this year. Over the last six months, there has been a weaker performance of 35.32%. The price of DBX fallen by 6.24% during the last 30 days period. For the last 5-days stocks have improved 5.05%.
