DBX NASDAQ Week ended 31 Jul 2026

Weekly Investor Report

Dropbox Inc · Technology · Software - Infrastructure

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Latest close 32.56 USD
11.5% latest week
Weekly setup

Constructive, but selective

The weekly trend is active. Price is 23.5% above the Trend Line and sits at 91.7% of its 52-week range. The latest completed week returned 11.5%, after a 14.0% four-week move. The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks weakly; valuation is neither clearly cheap nor expensive. Options positioning is volatility with 51/100 conviction, while the latest news-sentiment score is 52/100. Near-term considerations: price is close to its 52-week high; earnings are due in 5d.

Setup score 67 out of 100
Latest Close 32.56 USD 31 Jul 2026
1W Return 11.5% latest completed week
4W Return 14.0% short-term follow-through
12W Return 12.7% quarterly tape
Trend Breadth 38.5% 20 of 52 weeks active
Volume Ratio 1.2x vs 13-week average
What is working
  • The trend backdrop is active with a 4-week active streak.
  • Price is above the Trend Line, keeping the weekly tape constructive.
  • Price is above Fair Value, showing premium demand versus the model.
  • Activity pressure is positive on the latest completed week.
What could go wrong
  • 1 reversal markers appear in the recent smart-money tape.
What to watch next
  • Price is close to its 52-week high; watch for continuation or exhaustion.
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through 11.5% Latest completed week; four-week move 14.0%. Indicator stack 35/81 Trend and activity pressure are weighted against the latest 12-week confirmation window. Trend backdrop Active The trend backdrop defines the current weekly regime. Patient Capital Quiet Activity-pressure buy-signal status for institutional accumulation timing. Next-Week Expectancy Positive 57.31% Historical one-week expectancy contributes to the evidence score when direction is confirmed. Options pressure Volatility 51/100 conviction; expected move 12.3%. News sentiment 52/100 63 relevant articles in the latest sentiment read. Event risk 5d Next report is scheduled for 06 Aug 2026; event risk rises as the date approaches.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is active. Price is 23.5% above the Trend Line and sits at 91.7% of its 52-week range. The latest completed week returned 11.5%, after a 14.0% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 1.2x the 13-week average. Participation is around or above normal and provides reasonable confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul 31 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.5812-week average 0.39

12-week confirmation

Trend active4/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure12/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership2/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.58Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers11 reversal markers

No recent accumulation markers. 1 reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is 14.0% over four weeks, 12.7% over 12 weeks, and 23.1% over one year. The current trend has remained active for 4 consecutive weeks.

Performance by holding period

1W11.5%
4W14.0%
12W12.7%
26W27.8%
52W23.1%
Active trend streak4 weeks
Active weeks in one year20
Trend breadth38.5%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure1.41Latest activity-pressure read.
Pressure change71.8%Four-week change in activity pressure.
Leadership7.85Latest relative-leadership reading.
RS change183.2%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks weakly; valuation is neither clearly cheap nor expensive.

Open full factor analysis
Factor week 26 Jul 2026 Financial statements through 31 Mar 2026 Field coverage 91% Model confidence 87%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength84/100Blend of value, momentum, and quality. Underlying universe rank 17; rank 1 is best.
Value79/100Relative valuation strength. Underlying universe rank 22; rank 1 is best.
Quality86/100Profitability and accounting quality. Underlying universe rank 15; rank 1 is best.
Momentum28/100Medium-term price momentum. Underlying universe rank 73; rank 1 is best.
Growth17/100Revenue and earnings growth. Underlying universe rank 84; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
14.4x
Price divided by trailing earnings.
Price / sales
2.7x
Market value relative to trailing revenue.
EV / EBITDA
11.0x
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
10.7%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
79.7%
Gross profit retained from each unit of revenue.
Operating margin
28.2%
Operating profit retained from revenue.
Free-cash-flow margin
40.5%
Free cash flow generated from revenue.
Return on invested capital
72.5%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
-0.6%
Latest one-year revenue growth.
EPS growth
0.5%
Latest one-year earnings-per-share growth.
Free-cash-flow growth
15.6%
Latest one-year free-cash-flow growth.
Piotroski F-score
6/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
-
Cash dividends relative to market value.
Buyback yield
23.3%
Net share repurchases relative to market value.
Shareholder yield
23.3%
Dividend yield plus net buyback yield.
Net debt / EBITDA
3.2x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Options positioningVolatility

DBX shows volatility options pressure with a 51/100 conviction score, put-call volume ratio of 0.36, expected move of 12.3%, and Sharemaestro trend signal active.

Conviction51/100
Expected move12.3%
Put/call volume0.36
Pressure57
Speculation41
Volatility87
Trend agreement35
Open options detail
Insider activity7 / 13

7 acquisitions and 13 disposals in the latest 180-day insider tape.

Acquisitions / disposals over the latest 180 days. Insider activity is context, not a stand-alone signal.
News sentiment52/100

Weighted news tone is neutral across 63 relevant articles.

14 positive · 41 neutral · 8 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings5dNext report is scheduled for 06 Aug 2026; event risk rises as the date approaches.
Options expected move12.3%Nearest-chain priced movement where available.
52-week drawdown-2.9%Distance below the 52-week high.
13-week volatility6.3%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher13 of 2613 weeks finished lower.
Best week+15.9%Week of 8 May.
Worst week-11.5%Week of 27 Mar.
Latest week+11.5%Week of 31 Jul.

Shape of recent returns

Strong gains7
Modest gains6
Flat weeks0
Modest losses8
Sharp losses5
Recent vol6.3%13-week weekly-return volatility.
Base vol4.9%52-week weekly-return volatility.
Up/down split27/25Count of positive and negative weeks in the 52-week window.
Average skew4.2% / -3.4%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

Weekly tape62/100

Trend, activity pressure, participation, and risk combine to a 62/100 tape read.

 Indicator analysis49/100

Latest 12-week confirmation: trend 4/12, activity pressure 12/12, relative leadership 2/12.

Activity pressure 0.58; 1 reversal markers Next-Week ExpectancyPositive 57.31%

Next-week expectancy is positive with a 57.31% historical one-week setup read.

Adds short-term historical context without overriding trend, activity, or relative leadership. Factors70/100

O'Shaughnessy factor stack blends value, quality, momentum, and confidence.

Buyback Yield rank 2; Small Cap Core rank 21 Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal Options45/100

DBX shows volatility options pressure with a 51/100 conviction score, put-call volume ratio of 0.36, expected move of 12.3%, and Sharemaestro trend signal active.

Volatility · Volatility expansion watch · Expected move 12.3% Sentiment52/100

Weighted news tone is neutral across 63 relevant articles.

Quantinno Capital Management LP Cuts Position in Dropbox, Inc. $DBX Insiders7 / 13

7 acquisitions and 13 disposals in the latest 180-day insider tape.

 Earnings5d

Next report is scheduled for 06 Aug 2026; event risk rises as the date approaches.
WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
31 Jul 202632.56 USD11.5%26.36 USD27.03 USD1.417.8523.6MOn
24 Jul 202629.19 USD-4.7%26.18 USD26.99 USD1.14-2.8115.9MOn
17 Jul 202630.62 USD4.9%26.14 USD26.98 USD1.060.0418.4MOn
10 Jul 202629.19 USD2.2%26.07 USD26.95 USD0.87-8.7715.1MOn
3 Jul 202628.56 USD7.2%26.04 USD26.94 USD0.82-9.4413.3MOff
26 Jun 202626.64 USD2.6%26.07 USD26.93 USD0.86-15.1820.4MOff
19 Jun 202625.97 USD-4.1%26.18 USD26.93 USD0.87-21.5122.1MOff
12 Jun 202627.09 USD-1.6%26.30 USD26.93 USD0.91-16.6419.0MOff
5 Jun 202627.52 USD2.4%26.41 USD26.93 USD0.98-13.9418.6MOff
29 May 202626.88 USD-2.0%26.52 USD26.90 USD1.09-20.3018.4MOff
22 May 202627.43 USD2.3%26.59 USD26.88 USD0.90-16.9917.9MOff
15 May 202626.82 USD-7.2%26.66 USD26.85 USD0.55-18.4723.3MOff
8 May 202628.90 USD15.9%26.73 USD26.83 USD0.16-13.0725.5MOff
1 May 202624.93 USD3.8%26.71 USD26.78 USD-0.43-21.5315.7MOff
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.