1/11/2023 0 Comments Dropbox stock opening time![]() ![]() Fighting an uphill battle against overall market forces, Dropbox was ultimately carried along with them. The company narrowly outpaced estimates in the third quarter, but its shares still dropped steeply. The shares went on a three-month tear after the company delivered its first-quarter earnings report in May, rising more than 30% to nearly $33.īut all the momentum that Dropbox built in the first half of the year was wiped out as investors fled from work-from-home stocks. The stock's price was all over the map last year, even though revenue and earnings were overall steady. Dropbox doesn't pay one, pushing it further off the radar of many investors.ĭBX Price-to-sales and PE Ratio (Forward) data by YChartsĭropbox's valuation ratio charts clearly illustrate these forces in action. Dividends are an attractive feature for value stocks in times of market volatility. Dropbox doesn't have any competitive moat to speak of, and there are numerous capable players operating in its niche, including Alphabet ( GOOGL 2.86%) ( GOOG 2.80%), Amazon ( AMZN 0.46%), and Microsoft ( MSFT 0.17%). However, value investors are usually drawn to businesses with more long-term stability. ![]() Dropbox is priced more like a value stock as a result. Right now, growth investors have their eyes trained elsewhere on companies with higher potential. It's a solid narrative, but it puts the stock in a sort of limbo. ![]()
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