Dropbox Stock Today

DBX Stock  USD 23.97  0.15  0.63%   

Performance

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Odds Of Distress

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Dropbox is trading at 23.97 as of the 19th of March 2024; that is 0.63 percent up since the beginning of the trading day. The stock's open price was 23.82. Dropbox has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Dropbox are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of November 2022 and ending today, the 19th of March 2024. Click here to learn more.
Business Domain
Software & Services
IPO Date
23rd of March 2018
Category
Technology
Classification
Information Technology
Dropbox, Inc. provides a content collaboration platform worldwide. Dropbox, Inc. was incorporated in 2007 and is headquartered in San Francisco, California. Dropbox operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. The company has 263.33 M outstanding shares of which 15.19 M shares are currently shorted by investors with about 3.04 days to cover. More on Dropbox

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Dropbox Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Dropbox's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Dropbox or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanAndrew Houston
Business ConcentrationApplication Software, Software - Infrastructure, Information Technology, NASDAQ Composite, SP Midcap 400, Information Technology, Software, Software—Infrastructure, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Dropbox report their recommendations after researching Dropbox's financial statements, talking to executives and customers, or listening in on Dropbox's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Dropbox. The Dropbox consensus assessment is calculated by taking the average forecast from all of the analysts covering Dropbox.
Financial Strength
Based on the key measurements obtained from Dropbox's financial statements, Dropbox is doing better financially then in previous quarter. It has a moderate chance of reporting better financial numbers in April. Financial strength of Dropbox is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.880.823
Notably Up
Pretty Stable
Gross Profit Margin0.550.8087
Way Down
Slightly volatile
Total Current LiabilitiesB1.2 B
Fairly Down
Slightly volatile
Non Current Liabilities Total1.2 BB
Way Down
Slightly volatile
Total Assets2.3 BB
Way Down
Slightly volatile
Total Current Assets1.2 B1.5 B
Significantly Down
Slightly volatile
Total Cash From Operating Activities541.8 M783.7 M
Way Down
Slightly volatile
Dropbox's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Dropbox's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Dropbox's financial leverage. It provides some insight into what part of Dropbox's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Dropbox's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Dropbox deploys its capital and how much of that capital is borrowed.
Liquidity
Dropbox cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 2.03 B in debt with debt to equity (D/E) ratio of 3.35, meaning that the company heavily relies on borrowing funds for operations. Dropbox has a current ratio of 1.37, which is typical for the industry and considered as normal. Debt can assist Dropbox until it has trouble settling it off, either with new capital or with free cash flow. So, Dropbox's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Dropbox sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Dropbox to invest in growth at high rates of return. When we think about Dropbox's use of debt, we should always consider it together with cash and equity.

Depreciation

133.44 Million
Dropbox (DBX) is traded on NASDAQ Exchange in USA. It is located in 1800 Owens Street, San Francisco, CA, United States, 94158 and employs 2,693 people. Dropbox is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 8.19 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Dropbox's market, we take the total number of its shares issued and multiply it by Dropbox's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Dropbox runs under Software sector within Information Technology industry. The entity has 263.33 M outstanding shares of which 15.19 M shares are currently shorted by investors with about 3.04 days to cover. Dropbox has about 1.45 B in cash with 783.7 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.04.
Check Dropbox Probability Of Bankruptcy
Ownership Allocation
Dropbox holds a total of 263.33 Million outstanding shares. The majority of Dropbox outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Dropbox to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Dropbox. Please pay attention to any change in the institutional holdings of Dropbox as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Dropbox Ownership Details

Dropbox Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Dropbox jumping above the current price in 90 days from now is about 91.39%. The Dropbox probability density function shows the probability of Dropbox stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.0691 suggesting Dropbox market returns are sensitive to returns on the market. As the market goes up or down, Dropbox is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Dropbox is significantly underperforming NYSE Composite.
  Odds Below 23.97HorizonTargetOdds Above 23.97
8.56%90 days
 23.97 
91.39%
Based on a normal probability distribution, the odds of Dropbox to move above the current price in 90 days from now is about 91.39 (This Dropbox probability density function shows the probability of Dropbox Stock to fall within a particular range of prices over 90 days) .

Dropbox Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Dropbox that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Dropbox's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Dropbox's value.
InstituionRecorded OnShares
Lsv Asset Management2023-12-31
3.3 M
Bank Of New York Mellon Corp2023-09-30
3.1 M
Charles Schwab Investment Management Inc2023-09-30
2.9 M
Wedge Capital Management, Llp2023-12-31
2.7 M
Pacer Advisors, Inc.2023-09-30
2.6 M
Goldman Sachs Group Inc2023-09-30
2.4 M
Schroder Investment Management Group2023-12-31
2.3 M
Robeco Institutional Asset Management Bv2023-12-31
2.3 M
Nordea Investment Mgmt Bank Demark A/s2023-12-31
2.2 M
Blackrock Inc2023-12-31
34.7 M
Vanguard Group Inc2023-09-30
27.4 M
View Dropbox Diagnostics

Dropbox Historical Income Statement

Dropbox Income Statement is one of the three primary financial statements used for reporting Dropbox's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Dropbox revenue and expense. Dropbox Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Dropbox's Income Tax Expense is fairly stable compared to the past year. Net Interest Income is likely to rise to about 16.9 M in 2024, despite the fact that Tax Provision is likely to grow to (333.4 M). View More Fundamentals

Dropbox Stock Against Markets

Picking the right benchmark for Dropbox stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Dropbox stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Dropbox is critical whether you are bullish or bearish towards Dropbox at a given time. Please also check how Dropbox's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dropbox without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Dropbox Corporate Directors

Dropbox corporate directors refer to members of a Dropbox board of directors. The board of directors generally takes responsibility for the Dropbox's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Dropbox's board members must vote for the resolution. The Dropbox board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Robert MylodIndependent DirectorProfile
Donald BlairIndependent DirectorProfile
Paul JacobsIndependent DirectorProfile
Condoleezza RiceIndependent DirectorProfile

How to buy Dropbox Stock?

Before investing in Dropbox, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Dropbox. To buy Dropbox stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Dropbox. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Dropbox stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Dropbox stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Dropbox stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Dropbox, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Dropbox Stock please use our How to Invest in Dropbox guide.

Already Invested in Dropbox?

The danger of trading Dropbox is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Dropbox is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Dropbox. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Dropbox is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Dropbox offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dropbox's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Dropbox Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dropbox Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dropbox. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
For more information on how to buy Dropbox Stock please use our How to Invest in Dropbox guide.
Note that the Dropbox information on this page should be used as a complementary analysis to other Dropbox's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Complementary Tools for Dropbox Stock analysis

When running Dropbox's price analysis, check to measure Dropbox's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dropbox is operating at the current time. Most of Dropbox's value examination focuses on studying past and present price action to predict the probability of Dropbox's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dropbox's price. Additionally, you may evaluate how the addition of Dropbox to your portfolios can decrease your overall portfolio volatility.
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Is Dropbox's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dropbox. If investors know Dropbox will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dropbox listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.28)
Earnings Share
1.31
Revenue Per Share
7.332
Quarterly Revenue Growth
0.06
Return On Assets
0.0787
The market value of Dropbox is measured differently than its book value, which is the value of Dropbox that is recorded on the company's balance sheet. Investors also form their own opinion of Dropbox's value that differs from its market value or its book value, called intrinsic value, which is Dropbox's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dropbox's market value can be influenced by many factors that don't directly affect Dropbox's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dropbox's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dropbox is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dropbox's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.