Dropbox, Inc. (DBX) is an interesting player in the Technology space, with a focus on Application Software. The stock has been active on the tape, currently trading at $30.74, up from yesterday’s close by 4.03%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
Dropbox, Inc. (DBX) currently trades with a market capitalization of $12.26 Billion. That value represents a market adjusting for revenues that have been growing by 27.59 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of $172 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0.04 on a per share basis this quarter. Perhaps, that suggests something about why 2.26% of the outstanding share supply is held by institutional investors.
As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Dropbox, Inc. recorded a 52-week high of $34.83. It is now trading 4.09% off that level. The stock carved out a 52-week low down at $27.75.
In recent action, Dropbox, Inc. (DBX) has made a move of +0.59% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.61, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 8.25% with $33.14 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of DBX.