However, pressure at the 200-day moving average appears to be cutting this rally short, keeping the security at a 4.1% year-to-date deficit.Any investments or portfolio companies mentioned, referred to, or described on this page are not representative of all investments in vehicles managed by a16z and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. Exits include current and former a16z portfolio companies which have been acquired as well as companies which have undergone an initial public offering or direct public offering of shares. Today's positive price action could send the stock to its highest settlement since April, should these gains hold. Of the five in coverage, all but one call DBX a 'strong buy.' Plus, the 12-month consensus price target of $27.42 is a 16.8% premium to current levels.

This is per DBX's Schaeffer's put/call volume ratio (SOIR) of 2.23, which sits higher all readings from the past year.Īnalysts have remained optimistic, however. Short-term options traders have also been incredibly put-heavy recently. This implies that puts are being picked up at a much quicker-than-usual clip of late. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), DBX sports a 10-day put/call volume ratio of 1.31, which stands higher than 92% of readings from the past year. Regardless of direction, the security averaged a next-day swing of 4.5% during this time period, which is much smaller than the 8.7% move the options pits are pricing in this time around.ĭropbox stock's options pits have been quite bearish.

The equity has a shaky history of post-earnings moves, going back two years, with just two of these eight instances ending in positive next-day returns. Analysts are expecting the cloud software company to post profits of 37 cents per share and show a rise in revenue for its second quarter. Dropbox Inc (NASDAQ:DBX) will enter the earnings confessional after the close tomorrow, Aug.

Dropbox stock predictions