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 Dropbox Announces Fourth Quarter and Fiscal 2023 Results.
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Stocks Info
Dropbox Inc is listed on the NASDAQ in the Technology sector while operating in the Software – Infrastructure industry. The current market capitalization of Dropbox Inc is $8.30B. A total of 4.34 million shares were traded on the day, compared to an average of 3.68M 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 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 35 SELLs from insiders. Insiders purchased 456,810 shares during that period but sold 856,048.
In the most recent transaction, Volkmer Bart sold 7,143 shares of DBX for 23.80 per share on Feb 23. After the transaction, the Chief Legal Officer now owns 241,027 company shares. In a previous transaction on Feb 23, Regan Timothy sold 3,000 shares at 23.49 per share. DBX shares that Chief Financial Officer owns now total 409,720.
Among the insiders who sold shares, Regan Timothy disposed of 3,000 shares on Jan 30 at a per-share price of $32.50. This resulted in the Chief Financial Officer holding 434,761 shares of DBX after the transaction. In another insider transaction, Volkmer Bart sold 7,025 shares at $31.31 per share on Jan 16. Company shares held by the Chief Legal Officer now total 260,598.
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 $33.43 and a low of $18.71.
As of this writing, DBX has an earnings estimate of $0.5 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.52 per share and a lower estimate of $0.47. The company reported an EPS of $0.56 in the last quarter, which was 14.30% higher than expectations of $0.49.
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 -$0.49, 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 3.20.
