Dropbox Inc (NASDAQ:DBX) shares, rose in value on Wednesday, March 26, with the stock price down by -1.51% to the previous day’s close as strong demand from buyers drove the stock to $26.83.
Actively observing the price movement in the last trading, the stock closed the session at $27.24, falling within a range of $26.485 and $27.205. The value of beta (5-year monthly) was 0.767 whereas the PE ratio was 19.14 over 12-month period. Referring to stock’s 52-week performance, its high was $33.33, and the low was $20.68. On the whole, DBX has fluctuated by 1.55% over the past month.
With the market capitalization of Dropbox Inc currently standing at about $8.10 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-19.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.47B, with a low estimate of 619M and a high estimate of 620.78M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 619.56M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DBX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 4.09, with the price of DBX currently trading nearly 2.74% and -7.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.79, while the 7-day volatility ratio is showing 2.25% which for the 30-day chart, stands at 2.82%. Furthermore, Dropbox Inc (DBX)’s beta value is 0.77, and its average true range (ATR) is 0.79.
A comparison of Dropbox Inc (DBX) with its peers suggests the former has fared considerably weaker in the market. DBX showed an intraday change of -1.51% in last session, and over the past year, it grew by 10.18%%.
Data on historical trading for Dropbox Inc (NASDAQ:DBX) indicates that the trading volumes over the past 10 days have averaged 5.24 and over the past 3 months, they’ve averaged 3.93 million. According to company’s latest data on outstanding shares, there are 218.40 million shares outstanding.
Nearly 29.22% of Dropbox Inc’s shares belong to company insiders and institutional investors own 76.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 27.24 million shares as on 2025-03-14, resulting in a short ratio of 5.1. According to the data, the short interest in Dropbox Inc (DBX) stood at 1808.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 23.44 million. The stock has fallen by -10.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DBX stock heading into the next quarter.
