Stocks To Watch: Dropbox, Inc. (DBX) Is Creating Trading Opportunities

Dropbox, Inc. (DBX) has seen some recent action in the stock market and its shares were last quoted at $22.37 on friday. Traders are starting to take notice of DBX as the shares traded as high as $22.40 and as low as $21.47 in the previous market trading day.

Dropbox, Inc. (DBX) average trading volume is 6.61M. However, in the previous market trading day Dropbox, Inc. (DBX) traded 10,724,125 shares. The first support level on DBX is $21.45 and the first resistance level on DBX is $23.49. DBX 50day moving average is $19.83 and DBX 200-day moving average is $18.72.

Dropbox, Inc. (DBX) most recent performance has been indicated by the recent movement in DBX shares. DBX has performed 19.40% over the past 4 weeks, DBX has performed 20.72% over the past 90 days and DBX has shown -4.89% over the past year. Dropbox, Inc. (DBX) has a 12 month range of $14.55 to $26.20. Dropbox, Inc. (DBX) is trading 53.75% from its 12 month low and -14.62% from its 12 month high. Dropbox, Inc. (DBX) is displaying a 3.98% short float displaying the amount short in the float.

DBX has 417.30M shares outstanding and 254.58M shares in the float. Dropbox, Inc. (DBX) at this time has a market cap of $8.88B and income of $-5.70M. The EPS next quarter for DBX is 0.17 and projected EPS net year is 21.04%. The market cap of Dropbox, Inc. (DBX) at $8.88B signifies how many Traders own shares of DBX and is based off the last price ($22.37) of DBX and the amount of shares outstanding (417.30M) with Dropbox, Inc. (DBX).

Dropbox, Inc. (DBX) has aggregate cash (mrq) of 1.1B, aggregate cash per share (mrq) of 2.64, aggregate debt of DBX remains at 1.08B and aggregate debt/equity (mrq) is 135.41. Dropbox, Inc. (DBX) running cash flow (ttm) is 518.6M and DBX leveraged free cash flow (ttm) is 353.4M.

DBX is trading 8.00% above (bullish) its SMA20, 17.52% above (bullish) its SMA50 and 18.09% above (bullish) its SMA200.

Recent News:

In recent news, on May 7, 2020, it was announced, Dropbox Announces Fiscal 2020 First Quarter Results. Revenue of $455.0 Million, Up 18% Year-over-yearNet Cash Provided by Operating Activities of $53.3 Million and Free Cash Flow of $25.5 MillionAchieves GAAP Profitability for the First Time Dropbox, Inc. (NASDAQ: DBX), the world’s first smart workspace, today announced financial results for its first fiscal quarter ended March 31, 2020.

About Dropbox, Inc. (DBX):

Dropbox, Inc. is a service company. It offers a platform which enables users to store and share files, photos, videos, songs and spreadsheets.