Dropbox, Inc (DBX) is a leading software-infrastructure business based in the US. It opened the day at $21.16 after a previous close of $21.24. During the day the price has varied from a low of $21.06 to a high of $22.5. The latest price was $22.49 (25 minute delay). Dropbox is listed on the NASDAQ and employs 2,801 staff. All prices are listed in US Dollars.
Since the stock market crash in March caused by coronavirus, Dropbox's share price has had significant negative movement.
Its last market close was $19.89, which is 11.40% down on its pre-crash value of $22.45 and 36.70% up on the lowest point reached during the March crash when the shares fell as low as $14.55.
If you had bought $1,000 worth of Dropbox shares at the start of February 2020, those shares would have been worth $1,011.89 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,176.29.
|52-week range||$14.55 - $25.07|
|50-day moving average||$20.764|
|200-day moving average||$20.7121|
|Wall St. target price||$28.13|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$0.194|
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The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
|1 week (2021-01-08)||-0.04%|
|1 month (2020-12-18)||-5.03%|
|3 months (2020-10-16)||10.68%|
|6 months (2020-07-17)||7.97%|
|1 year (2020-01-17)||24.81%|
|2 years (2019-01-17)||-0.49%|
Valuing Dropbox stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Dropbox's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Dropbox's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 127x. In other words, Dropbox shares trade at around 127x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
However, Dropbox's P/E ratio is best considered in relation to those of others within the software-infrastructure industry or those of similar companies.
Dropbox's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.1279. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Dropbox's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
However, it's sensible to consider Dropbox's PEG ratio in relation to those of similar companies.
Dropbox's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $224.5 million (£0.0 million).
The EBITDA is a measure of a Dropbox's overall financial performance and is widely used to measure a its profitability.
To put Dropbox's EBITDA into context you can compare it against that of similar companies.
|Revenue TTM||$1.9 billion|
|Operating margin TTM||3.4%|
|Gross profit TTM||$1.3 billion|
|Return on assets TTM||1.47%|
|Return on equity TTM||10.27%|
|Market capitalisation||$10.2 billion|
TTM: trailing 12 months
There are currently 22.9 million Dropbox shares held short by investors – that's known as Dropbox's "short interest". This figure is 0.1% down from 22.9 million last month.
There are a few different ways that this level of interest in shorting Dropbox shares can be evaluated.
Dropbox's "short interest ratio" (SIR) is the quantity of Dropbox shares currently shorted divided by the average quantity of Dropbox shares traded daily (recently around 8.4 million). Dropbox's SIR currently stands at 2.71. In other words for every 100,000 Dropbox shares traded daily on the market, roughly 2710 shares are currently held short.
To gain some more context, you can compare Dropbox's short interest ratio against those of similar companies.
However Dropbox's short interest can also be evaluated against the total number of Dropbox shares, or, against the total number of tradable Dropbox shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Dropbox's short interest could be expressed as 0.06% of the outstanding shares (for every 100,000 Dropbox shares in existence, roughly 60 shares are currently held short) or 0.0772% of the tradable shares (for every 100,000 tradable Dropbox shares, roughly 77 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Dropbox.
Find out more about how you can short Dropbox stock.
We're not expecting Dropbox to pay a dividend over the next 12 months. However, you can browse other dividend-paying shares in our guide.
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Over the last 12 months, Dropbox's shares have ranged in value from as little as $14.55 up to $25.07. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Dropbox's is 0.8661. This would suggest that Dropbox's shares are less volatile than average (for this exchange).
To put Dropbox's beta into context you can compare it against those of similar companies.
Dropbox, Inc. provides a collaboration platform worldwide. The company's platform allows individuals, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. As of December 31, 2019, it had approximately 600 million registered users across 180 countries. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was founded in 2007 and is headquartered in San Francisco, California.
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