Dropbox Inc (#DBX) Stock Price, Live Chart & Analysis | Trade #DBX
Dropbox Inc is a cloud hosting company, headquartered in San Francisco, California, U.S. It offers various cloud storage services for both personal and business use. Founded in 2007, it quickly became one of the most valuable startups in the world.
The concept behind Dropbox is that of cloud storage where files are brought together in one central place where members of a family or a work team can easily access them. In 2018, Dropbox got listed on NASDAQ after its successful IPO. The price of DBX depends on many factors, among them the ongoing competition with Amazon, Microsoft, Google and Apple that are actively developing their cloud products. Other offerings of Dropbox, such as sharing and collaboration tools, meet competition as well.
Traders and investors should closely follow the latest Dropbox news, as it has experienced criticism because of multiple security breaches and privacy concerns. For example, in August 2016, email addresses and passwords for 68 million Dropbox accounts were published online, and in January 2017, Dropbox restored supposedly deleted files and folders in many user accounts which suggested that the deleted data was not fully deleted off the servers. Similar news could negatively impact the DBX rate in the future.
Since 2012, the company has made multiple acquisitions, including photo-sharing company Loom and document-sharing startup Hackpad, as well as an e-signature company HelloSign and a secure document sharing company DocSend. Future acquisitions can be viewed as bullish factors for the DBX price. Traders interested in the DBX stock should monitor the company's other decisions. For example, in January 2021, Dropbox announced a major workforce reduction, possibly linked to the COVID-19 pandemic, which made the stock decrease by 4.5%.
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SellBuyActive SellActive Buy
| Sell | 25.16 |
| Buy | 25.17 |
| Sentiment | 100% ▴ |
| 1-day change | 1.39(5.85%) |
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#DBX (#DBX) shares’ cost is $25.17 for today. The highest rate of shares #DBX (#DBX) for today is $25.3000, the lowest price is $24.9800. The opening price was $25.11.
A real-time chart for #DBX (#DBX) shares quote is provided below.
Price chart of #DBX in real time mode
Available in trading accounts:
- ECN
- CLASSIC
Prev. Close25.08
Day's Range24.9800 - 25.3000
Opening25.11
52 wk Range20.68-33.43
Volume4,752,499
Shares Outstanding325,417,600
Average Volume3,998,249
Market Cap8.18B
1-Year Return-9.76%
EPS1.75
Beta0.652
Revenue2.53B
P/E Ratio14.42
DividendsN/A(N/A)
Next Earnings Date2024-10-31
Spread0
Swap Long-6
Contract size1
Swap Short2.5
Stop&Limit Level0
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| #OKTA | N/A | N/A | -13.61 | -14.75% |
| #DOCU | N/A | N/A | 4.97 | 9.16% |
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| #DBX | N/A | N/A | 1.39 | 5.85% |
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Interesting facts about the #DBX (Dropbox Inc)
Institutional investors hold over 60% of the company's shares. The key stockholders are The Vanguard Group Inc., Columbia Management Investment Advisers LLC, BlackRock Fund Advisors, and Pictet Asset Management SA. As institutional investors own a huge part of DBX stocks, traders should check the news regarding the stock’s purchases and sales. If an investor sells a big number of equities, it may lead to a plunge in the stock price as it will be a signal of the company’s weakness.
Despite being on the market for over a decade, Dropbox Inc.’s stock price is quite low. It may seem positive for investors if only the company has chances to increase the share’s value in the future. Traders can benefit from both rises and falls in the stock rate.
The company operates in the data processing services industry, within the technology services sector. Analysts see that the company creates positive value in such categories as relationships, taxes, and knowledge infrastructure. However, the positive value in those categories may be achieved by the usage of resources or negative impacts on scarce human capital, GHG emissions, and societal stability categories. Hosted data storage services, collaboration software, and file-sharing services products may be reasons for a negative contribution to the GHG emissions category. Like any other tech company, Dropbox should invest funds in the reduction of its greenhouse gas emissions.
According to data, the company’s revenue growth has been slowing down for years. Also, Dropbox is failing to transform shareholder equity into returns. Still, the company has chances to grow, as it manages to generate return on capital.
Due to its financial issues, the company is included in just a few stock market indices: Nasdaq, NASDAQ Computer, and NASDAQ Internet.
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