Dropbox Inc (NASDAQ:DBX) price closed higher on Tuesday, April 16, jumping 0.09% above its previous close.
A look at the daily price movement shows that the last close reads $22.92. The company’s P/E ratio in the trailing 12-month period read 17.46. Taking into account the 52-week price action we note that the stock hit a 52-week high of $33.43 and 52-week low of $19.55. The stock subtracted -3.69% on its value in the past month.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give DBX a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.24. The overview shows that DBX’s price is at present -3.76% off the SMA20 and -10.52% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 29.96, with weekly volatility standing at 1.78%. The indicator jumps to 1.69% when calculated based on the past 30 days. Dropbox Inc (NASDAQ:DBX)’s beta value is holding at 0.71, while the average true range (ATR) indicator is currently reading 0.48.
An analysis of the Dropbox Inc (NASDAQ:DBX) stock in terms of its daily trading volume indicates that the 3-month average is 4.17 million.
Current records show that the company has 256.00M in outstanding shares. The insiders’ percentage holdings are 26.80% of outstanding shares while the percentage share held by institutions stands at 71.87%. But the -22.18% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
