Stock Buzzer within Traders Radar : Dropbox, Inc. (DBX)

12 August, 2018, 17:43 | Author: Eric Barnett
  • Canaccord Pullback In Dropbox After Q2 Print 'A Gift'

Finally, Zacks Investment Research raised shares of Dropbox from a "hold" rating to a "buy" rating and set a $34.00 price target for the company in a report on Tuesday, May 22nd.

Dropbox, Inc. (NASDAQ:DBX) is now up 0.07% compared to a 12-month low of $27.75. The indicator showed that 14-Day RSI of the Dropbox, Inc. Davis covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Altair Engineering Inc, and Upland Software. The stock institutional ownership stands with 75.50% while insider ownership held at 0.70%. This performance is snap optimistic view of last week. Dropbox, Inc. (DBX) has 0.00% since August 11, 2017 and is. Investors also expect the good YTD performance from the stock.

Analysts also use the price-to-earnings (P/E) ratio for stock valuation, which is calculated as market price per share ($34.43) divided by EPS (-1.27).

Canaccord Genuity now has a $38 TP on the $12.43 billion market cap company or 22.38 % upside potential. Institutions generally purchase large blocks of a company's outstanding shares and can exert considerable influence upon its administration. About 1.51 million shares traded. Given that its average daily volume over the 30 days has been 4.76M shares a day, this signifies a pretty noteworthy change over the norm. DBX exchanged a volume of 2891160 shares in the Wednesday trading period as compared to its average volume of 4503.28K shares over the last three months period. If the markets make a firm price movement, then the strength of that movement depends on the volume for that period. The company has SMA50 day's proportion of 7.91% to its most recent price change. Now 26.20% of shares owned by company management and 75.00% of shares possessed by institutional investors. Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. Floating shares were 369.76 million in the market and outstanding shares were 378.86 million. The company's P/E (price to earnings) ratio is 0 and Forward P/E ratio of 80.2. The Average True Range (ATR) which measure volatility is standing at 0.36. While it's Return on Investment (ROI) value is 15%.

In its previous quarter, the company beat on both the top and bottom lines, but this was not enough for investors. Its P/Cash is valued at -1.27.


Still, whatever the reasons for the after-hours stock performance, JMP Securities analyst Greg McDowell told MarketWatch that he wasn't too concerned: "You can't look at it in isolation", he said. Comparatively, the gazes have a Gross margin -3.8%.

The company shows its Return on Assets (ROA) value of -49.1%. Net Profit measures how much out of every dollar of sales a company actually keeps in earnings. The Return on Equity (ROE) value stands at 219%.

Shares of the company were also weighed by the departure of its Chief Operating Officer Dennis Woodside, who played a vital role in its initial public offering in March. There may be many price targets for only protection.

Beta/Volatility: A beta factor is used to measure the volatility of the stock.

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