How to Buy Dropbox Stock
Dropbox Inc
Dropbox, Inc. provides a content collaboration platform worldwide. Its platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features.
Dropbox stock last closed at $23.47, up 0.69% from the previous day, and has increased 9.16% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.05 percentage points. Dropbox stock is currently +20.08% from its 52-week low of $19.55, and -29.79% from its 52-week high of $33.43.
At the moment, there are 343.98M DBX shares outstanding. The market capitalization of DBX is $8.07B. In the last 24 hours, 2.93M DBX shares were traded.
How to Buy Dropbox Stock
Wondering how to invest in Dropbox stock? Here's how.
- Figure out where to buy Dropbox stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Dropbox stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Choose your payment method and add your details.
- Evaluate Dropbox stock: The Dropbox ticker symbol is DBX. Is Dropbox stock a good investment? Should you buy shares of DBX? How do DBX's underlying business fundamentals look? Do top analysts think Dropbox is a good buy? Why has DBX's stock price moved recently? (Hint: Our stock market research website can help you decide if DBX is a good stock to buy).
- Execute your DBX trade: Decide if you will purchase DBX shares at the current market price or use a limit order to buy DBX stock at a given price.
- Get notifications regarding your investment in DBX: Create a watchlist to key updates about your investment in Dropbox stock.
Step 1: Figure out where to buy Dropbox stock
You will need a brokerage account in order to access the NASDAQ market and buy DBX shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to world markets: From Technology to Utilities, New York to London — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by signing up for an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal information so you can invest in DBX stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to start your new trading account.
- Send your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've created your account on apps for stocks, your next step is to transfer the money for your investment:
Watch the video below if you need help depositing funds into your new brokerage account.
Step 4: Evaluate Dropbox stock
After you have identified the best place to buy Dropbox stock, it's absolutely critical to evaluate their stock before you invest, so you can comprehend the risk as well as the upside.
Dropbox stock data
Dropbox Due Diligence Checks
WallStreetZen was designed to help average investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on DBX's stock page.
Is DBX stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge DBX's true value.
Using relative valuations metrics:
- DBX may be undervalued based on its P/E ratio of 17.65x, relative to Software - Infrastructure industry P/E ratio of 79.01x
- DBX may be overvalued based on its PEG ratio of 1.02x
You can access more valuation analysis on DBX's stock here.
DBX Financial Summary
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the DBX balance sheet.
- DBX earnings of $535.00M is not enough to cover its interest payments.
- DBX's operating cash flow of $783.70M allows it to safely service it's debt of $2.03B.
Negative Financial Indicators:
- DBX profit margin has gone down from 23.8% to 18.1% in the past year.
- Total DBX debt is still negative.
- DBX debt to equity ratio of -19 is negative.
- There are more long-term liabilities than short-term assets on the DBX balance sheet.
Is Dropbox stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 6 Wall Street analysts who research DBX, the consensus analyst rating on Dropbox is a Hold
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent DBX Analyst Ratings
Rich Hilliker, a top 21% analyst from UBS initiates coverage on DBX with a strong buy rating and announces their DBX price target of $36.00, on Dec 15, 2023.
You can dig deeper into what analysts are projecting on the Dropbox stock forecast page.
Metrics for Advanced DBX Traders
How are DBX Revenues/Earnings doing?
Last year, DBX earnings were $453.60M. In the past 2 year, DBX's earnings have increased by 23.64% per year. This was slower than the Software - Infrastructure industry average of 141.81%.
Last year, DBX revenue was $2.50B. In the past 5 year, DBX's revenue has grown by 12.44% per year. This was slower than the Software - Infrastructure industry average of 17.12%.
Dig into DBX's earnings and revenue performance here.
Latest Insiders Trades at DBX
Over the last 12 months, executives and large shareholders at DBX have sold more shares than they have bought.
Timothy Regan, Chief Financial Officer of DBX, was the latest DBX insider to sell. They sold $69,339.00 worth of DBX shares on Apr 15, 2024.
Dig into more about who owns DBX shares here.
Does DBX stock generate passive income?
No, Dropbox doesn't provide an income stream by paying out dividends.
What others are saying about DBX
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your DBX trade
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, use a limit order.
Hit the Open button and eToro will place your order.
If you want more help investing in stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your investment in DBX
Now that you own some DBX shares, you'll want to keep up with your new company.
Make a watchlist to track the most important metrics related to your DBX stock.
DBX Feed
How to Buy Stock in Dropbox
To reiterate, here are the 6 steps for buying Dropbox stock:
- Figure out where to buy Dropbox stock
- Create your brokerage account
- Deposit money your investment account
- Evaluate Dropbox stock
- Execute your DBX trade
- Get notifications regarding your investment in DBX
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get updates on your investment in Dropbox, create a watchlist on WallStreetZen today.
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