Dropbox Inc (NASDAQ: DBX) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted DocSend 2023 Year-End Data Indicates Positive Fundraising Momentum Going Into 2024.

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Stocks Info

Dropbox Inc is listed on the NASDAQ in the Technology sector while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $32.72 and fluctuated between $32.88 as its day high and $32.25 as its day low. The current market capitalization of Dropbox Inc is $11.31B. A total of 5.41 million shares were traded on the day, compared to an average of 2.97M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, DBX has seen 0 BUY and 5 SELL insider trades, representing the acquisition of 0 and the disposition of 56,446 shares. Over the last 12 months, there were 10 BUYs and 42 SELLs from insiders. Insiders purchased 619,310 shares during that period but sold 1,077,987.

In the most recent transaction, Volkmer Bart sold 7,025 shares of DBX for 31.31 per share on Jan 16. After the transaction, the Chief Legal Officer now owns 260,598 company shares. In a previous transaction on Jan 16, Regan Timothy sold 3,000 shares at 31.29 per share. DBX shares that Chief Financial Officer owns now total 437,761.

Among the insiders who sold shares, Campbell Lisa M disposed of 10,316 shares on Jan 02 at a per-share price of $28.92. This resulted in the Director holding 17,226 shares of DBX after the transaction. In another insider transaction, Regan Timothy sold 10,000 shares at $28.85 per share on Jan 02. Company shares held by the Chief Financial Officer now total 440,761.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, DBX has a high of $32.18 and a low of $18.71.

As of this writing, DBX has an earnings estimate of $Diana Shipping inc. per share for the current quarter. EPS was calculated based on a consensus of Blackstone Inc. estimates, with a high estimate of $Becton, Dickinson and Company per share and a lower estimate of $Dynex Capital, Inc.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. DBX’s latest balance sheet shows that the firm has $1.72B in Cash & Short Term Investments as of fiscal 2021. There were $2.37B in debt and $1.18B in liabilities at the time. Its Book Value Per Share was -$1.04, while its Total Shareholder’s Equity was -$293.90M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.10.

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