The Question Is Whether To Buy Or Not To Buy Dropbox Inc (NASDAQ: DBX)

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Dropbox Announces Fourth Quarter and Fiscal 2023 Results.

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Stocks Info

Dropbox Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Infrastructure industry. The current market capitalization of Dropbox Inc is $8.04B. A total of 2.68 million shares were traded on the day, compared to an average of 4.21M shares.

In the most recent transaction, Houston Andrew sold 82,000 shares of DBX for 24.29 per share on Apr 01 ’24. After the transaction, the Chief Executive Officer now owns 0 company shares. In a previous transaction on Apr 01 ’24, Regan Timothy sold 9,905 shares at 24.33 per share. DBX shares that Chief Financial Officer owns now total 597,995.

Among the insiders who sold shares, Regan Timothy disposed of 3,000 shares on Mar 27 ’24 at a per-share price of $24.36. This resulted in the Chief Financial Officer holding 400,720 shares of DBX after the transaction. In another insider transaction, Volkmer Bart sold 7,039 shares at $24.02 per share on Mar 15 ’24. Company shares held by the Chief Legal Officer now total 233,988.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, DBX has a high of $33.43 and a low of $19.55.

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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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

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. 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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