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Wednesday, March 22, 2023

Is Dropbox Inc. (NASDAQ: DBX) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Dropbox Inc. (DBX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.20%, to $20.00. The Dropbox Inc. has recorded 76,847 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Dropbox Announces Fourth Quarter and Fiscal 2022 Results.

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Stocks Info

This NASDAQ-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $19.96 and fluctuated between $20.02 as its day high and $19.47 as its day low. The current market capitalization of Dropbox Inc. is $7.33B. A total of 3.25 million shares were traded on the day, compared to an average of 2.88M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, DBX has seen 1 BUY and 10 SELL insider trades, representing the acquisition of 162,500 and the disposition of 588,947 shares. Over the last 12 months, there were 11 BUYs and 51 SELLs from insiders. Insiders purchased 586,765 shares during that period but sold 1,402,983.

In the most recent transaction, Volkmer Bart sold 11,506 shares of DBX for 19.06 per share on Mar 13. After the transaction, the Chief Legal Officer now owns 229,749 company shares. In a previous transaction on Mar 06, Houston Andrew sold 162,500 shares at 20.55 per share. DBX shares that Chief Executive Officer owns now total 0.

Among the insiders who sold shares, Volkmer Bart disposed of 13,667 shares on Feb 27 at a per-share price of $20.54. This resulted in the Chief Legal Officer holding 241,255 shares of DBX after the transaction. In another insider transaction, Regan Timothy sold 2,369 shares at $20.70 per share on Feb 27. Company shares held by the Chief Financial Officer now total 448,707.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for DBX in the last 3 months, the mean price target is $27.33 with high estimates of $34.00 and low estimates of $20.00. In terms of 52-week highs and lows, DBX has a high of $24.99 and a low of $18.71.

As of this writing, DBX has an earnings estimate of $0.39 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.41 per share and a lower estimate of $0.38. The company reported an EPS of $0.38 in the last quarter, which was 2.70% higher than expectations of $0.37.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DBX is Hold with a score of 3.86. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 2 thought it should be Sold.

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