Momentum Is Strong For Dropbox Inc (NASDAQ: DBX)

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. Earlier, Yahoo Finance discussed this stock as it revealed Dropbox Announces Fourth Quarter and Fiscal 2023 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 $23.97 and fluctuated between $24.24 as its day high and $23.79 as its day low. The current market capitalization of Dropbox Inc is $8.25B. A total of 3.96 million shares were traded on the day, compared to an average of 3.93M shares.

In the most recent transaction, Houston Andrew sold 164,000 shares of DBX for 23.86 per share on Mar 05 ’24. After the transaction, the Chief Executive Officer now owns 0 company shares. In a previous transaction on Feb 29 ’24, Regan Timothy sold 3,000 shares at 23.84 per share. DBX shares that Chief Financial Officer owns now total 406,720.

Among the insiders who sold shares, Volkmer Bart disposed of 7,143 shares on Feb 23 ’24 at a per-share price of $23.80. This resulted in the Chief Legal Officer holding 241,027 shares of DBX after the transaction. In another insider transaction, Regan Timothy sold 3,000 shares at $23.49 per share on Feb 23 ’24. Company shares held by the Chief Financial Officer now total 409,720.

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. In terms of 52-week highs and lows, DBX has a high of $33.43 and a low of $19.47.

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

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. 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

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, 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.

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