Dropbox Inc. (NASDAQ: DBX) At $26.73 Is Worth A Gamble

In the last session, Dropbox Inc. (NASDAQ:DBX) shares traded at 3.63 million and beta of the company reached 0.90. By the end of the trading day, the stock price was $26.73, representing a gain of 0.53% or $0.14 for the day. DBX stock's 52-week high is $26.87, which is -0.52 higher, although it is still an astonishing 30.0% gain since the share price dropped to its 52-week low of $18.71 has. The market capitalization of Mercado de la Empresa is 9350 million USD, the intraday trading volume in the last 10 days is 3.89 million shares, and the average trading volume in the last three months is 4.57 million shares.

Dropbox Inc. (DBX) has received a consensus Overweight rating from analysts. This corresponds to an average score of 2.50. DBX has a sell rating of 1 of the 15 analysts covering the stock. 6 analysts recommend the stock hold, 1 recommend an overweight rating and 6 recommend a buy rating. 1 analyst(s) rated the stock as underweight. The company's earnings per share (EPS) for the current quarter is expected to be $0.45.

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Dropbox Inc. (DBX) rose 0.53% in the last session and traded in the green for 5 sessions. The stock rose 0.53% to $26.73 on Thursday 06/23/2007, hitting a one-week high. 5 days stock price return is 0.04% and moved 11.70% in 30 days. According to these figures, the general annual price development is 19.60%. Dropbox Inc. (NASDAQ:DBX)’s short interest is 17.05 million shares, meaning the short has 4.25 days to cover.

Wall Street analysts' consensus price target is $27.18, a 1.66% upside from the stock's current value. The predicted extreme values ​​are the minimum price target and the maximum price target of $18.00 and $34.00 respectively. As a result, DBX is trading -27.2% of its maximum target and 32.66% of its minimum target.

Dropbox Inc. (DBX) estimates and forecasts.

Statistics show that Dropbox Inc. has underperformed its peers in terms of share price relative to the industry in which the company operates. Dropbox Inc. ( DBX ) shares have grown 17.86% over the past six months, and their year-to-date growth rate is below the industry average of 17.09%, compared to 19.60%. However, analysts are increasing their growth forecast for 2023. Revenue is expected to grow by 18.40% this quarter and 11.60% in the next quarter. According to the forecasts of rating agencies, the entrances will increase by 6.70% compared to the previous year.

Revenue for the current quarter is expected to be $613.78 million, according to 9 analyst estimates. Meanwhile, the consensus of 9 analysts estimates revenue growth of $624.66 million by the end of September 2023. According to its latest fiscal year earnings report, revenue for the corresponding quarters was $572.7 million and $585.73 million, respectively. In that case, analysts expect sales to grow 7.20% in the current quarter and 6.60% in the next.

The analysis of the evolution of the company in the last 5 years shows that the profit of the company has increased by approximately 76.40%. While the earnings yield is expected to be 82.00% in 2023, the annual return for the next five years is expected to be 12.07%.

DBX Dividends

Dropbox Inc. is expected to release its next quarterly results between August 2 and August 7. However, it is important to remember that the dividend yield is only an indicator and should only be used as a guideline.

Dropbox Inc. (NASDAQ:DBX) Large Holders

Insiders of Dropbox Inc. own 4.12% of the total outstanding shares, while institutional holders control 87.05%, with a floating percentage of 90.80%. Vanguard Group, Inc. (The) is the company's largest shareholder, while 680 organizations own shares. As of March 30, 2023, the Company had more than 28.53 million shares (or 10.64% of all shares) with a total value of $762.49 million of shares.

The second largest institutional holding comes from Blackrock Inc. with 20.51 million shares, representing about 7.65% of outstanding shares. At the market price of March 30, 2023, these shares were worth $548.34 million.

Additionally, Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund and Vanguard Total Stock Market Index Fund Dropbox Inc. (DBX) mutual funds with the largest holdings. Data reported on February 27, 2023 shows that Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund has about 9.21 million shares. This is a little over 3.39% of the company's total stock, which has a market value of $246.18 million. The same data shows that the other fund manager has less than $8.07 million, or about 2.97%, of the stock, which is worth about $215.59 million.