Shares of Dropbox Inc (DBX) Have Risen Above Previous 52-Week High

July 12, 2021 10:11:36

Dropbox Inc (NASDAQ:DBX) traded today at a new 52-week high of $31.34. So far today approximately 878,000 shares have been exchanged, as compared to an average 30-day volume of 5.5 million shares.

Dropbox provides cloud-based file storage, sharing, and project collaboration services for individuals and, to a lesser extent, enterprise customers. The company was founded in 2007 and offers a browser service, toolbars, and apps to upload, share, and sync files to the cloud that can be accessible across a number of devices and by a multitude of users. Dropbox allows users to store and access documents, videos, and photos.

Potential upside of 5.3% exists for Dropbox Inc, based on a current level of $30.78 and analysts’ average consensus price target of $32.43.

Dropbox Inc share prices have moved between a 52-week high of $31.34 and a 52-week low of $17.66 and are now trading 74% above that low price at $30.78 per share.

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