What’s Ahead for Dropbox, Inc. (DBX) After Forming Bearish Wedge Down Pattern?

The stock of Dropbox, Inc. (DBX) formed a down wedge with $21.35 target or 5.00 % below today’s $22.47 share price. The 5 months wedge indicates high risk for the $9.14B company. If the $21.35 price target is reached, the company will be worth $456.75M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 0.22% or $0.05 during the last trading session, reaching $22.47. About 2.18M shares traded. Dropbox, Inc. (NASDAQ:DBX) has 0.00% since December 6, 2017 and is . It has underperformed by 15.62% the S&P500.

Analysts await Dropbox, Inc. (NASDAQ:DBX) to report earnings on February, 14. After $-0.01 actual EPS reported by Dropbox, Inc. for the previous quarter, Wall Street now forecasts 400.00 % negative EPS growth.

More notable recent Dropbox, Inc. (NASDAQ:DBX) news were published by: Nasdaq.com which released: “Box (BOX) 3rd Quarter Earnings: What to Expect – Nasdaq” on November 28, 2018, also Seekingalpha.com with their article: “Dropbox +5.8% on Q3 beats – Seeking Alpha” published on November 08, 2018, Seekingalpha.com published: “Dropbox: Great Business, Now On Sale – Seeking Alpha” on October 10, 2018. More interesting news about Dropbox, Inc. (NASDAQ:DBX) were released by: Seekingalpha.com and their article: “Why We Sold Apple Stock – Seeking Alpha” published on November 22, 2018 as well as Seekingalpha.com‘s news article titled: “Dropbox Is A Buy – Cramer’s Lightning Round (11/13/18) – Seeking Alpha” with publication date: November 14, 2018.

Dropbox Inc. provides a collaboration platform worldwide. The company has market cap of $9.14 billion. The Company’s platform allows individuals, teams, and organizations to create, access, and share content online. It currently has negative earnings. The firm was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009.

Dropbox, Inc. (NASDAQ:DBX) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.