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.

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Stocks Info

This NASDAQ-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. The current market capitalization of Dropbox Inc is $7.91B. A total of 2.97 million shares were traded on the day, compared to an average of 4.19M 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.

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 $19.55.

As of this writing, DBX has an earnings estimate of $Becton, Dickinson and Company per share for the current quarter. EPS was calculated based on a consensus of Blackstone Inc. estimates, with a high estimate of $Wallbox N.V. per share and a lower estimate of $Deutsche Bank AG.

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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