![]() The stock had more or less been on a slide since its IPO in 2018 until an earnings report this February showed the company posting its first quarterly profit since going public.īut while the good news did boost DBX temporarily, the timing of the fourth quarter 2019 report seemed unlucky, as it came just as the market was waking up to the reality of COVID-19. We might be looking at a nice little trade here,” he said.ĭropbox is pretty much even for 2020 so far, which is saying a lot considering its ups and downs of late. “However, given the value that I see in Dropbox I might even buy a little bit there, if it gets there, because that level held the time (8x book value) and had a nice rebound. “Technically speaking, the $17-$17.50 price level should hold, or the stock we would consider to break down and the shares could be heading lower,” Healy said. ![]() ![]() “Anyway, it looks a heck of a lot better than Zoom.” “The price-to-book ratio is 8x so it isn’t exactly cheap, but for a hyper-growth stock this could be considered to be reasonable value and it’s ‘only’ 18 per cent overvalued according to our intrinsic value measure,” Healy said. The current trailing price/earnings ratio is 100 but the estimated the P/E ratio for the next 12 months is 20, so the earnings trend may well be your friend as long as this persists,” said Healy, speaking on BNN Bloomberg on Wednesday “I can’t find much wrong with this stock but then I can’t find all that much that’s really right. So says Ross Healy of MacNicol & Associates Asset Management, who thinks the indicators are pointing in the right direction. Dropbox ( Dropbox Stock Quote, Chart, News NASDAQ:DBX) is one tech stock you might think should be doing well this year and isn’t, but that doesn’t mean it’s not worth a look. ![]()
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