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DLB
Stock ticker:
NYSE
AS OF
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Capitalization
7.97B

DLB Dolby Laboratories IncClass A Forecast, Technical & Fundamental Analysis

a developer of audio systems for the music and film industries

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for DLB with price predictions
08:00 PM EDT Jun 01, 2023

DLB in upward trend: price may jump up because it broke its lower Bollinger Band on May 30, 2023

DLB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 45 cases where DLB's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where DLB's RSI Indicator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 57 cases where DLB's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on June 02, 2023. You may want to consider a long position or call options on DLB as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DLB advanced for three days, in of 350 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for DLB turned negative on May 18, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

DLB moved below its 50-day moving average on May 23, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for DLB crossed bearishly below the 50-day moving average on May 24, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DLB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for DLB entered a downward trend on May 15, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. DLB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.390) is normal, around the industry mean (68.285). P/E Ratio (33.670) is within average values for comparable stocks, (119.088). Projected Growth (PEG Ratio) (1.288) is also within normal values, averaging (1.767). Dividend Yield (0.013) settles around the average of (0.037) among similar stocks. P/S Ratio (6.456) is also within normal values, averaging (55.562).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are TAL Education Group (NYSE:TAL), 2U (NASDAQ:TWOU).

Industry description

The sector produces general business services, and are not classified elsewhere. For example, FleetCor Technologies provides fuel cards and workforce payment products and services; Copart, Inc. provides online vehicle auction and remarketing services across various nations; Equifax Inc. collects and aggregates credit information on consumers and businesses worldwide, along with selling credit monitoring and fraud-prevention services. Many of the companies in this category have multi-billion market capitalizations.

Market Cap

The average market capitalization across the Miscellaneous Commercial Services Industry is 4.07B. The market cap for tickers in the group ranges from 788 to 60.99B. RLXXF holds the highest valuation in this group at 60.99B. The lowest valued company is EVSV at 788.

High and low price notable news

The average weekly price growth across all stocks in the Miscellaneous Commercial Services Industry was 1%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was -0%. ATTO experienced the highest price growth at 92%, while MHHC experienced the biggest fall at -34%.

Volume

The average weekly volume growth across all stocks in the Miscellaneous Commercial Services Industry was 27%. For the same stocks of the Industry, the average monthly volume growth was -34% and the average quarterly volume growth was 32%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 51
P/E Growth Rating: 60
Price Growth Rating: 57
SMR Rating: 75
Profit Risk Rating: 80
Seasonality Score: 6 (-100 ... +100)
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A.I. Advisor
published Earnings

DLB is expected to report earnings to fall 66.63% to 42 cents per share on July 26

Dolby Laboratories IncClass A DLB Stock Earnings Reports
Q2'23
Est.
$0.42
Q1'23
Beat
by $0.58
Q4'22
Beat
by $0.61
Q3'22
Beat
by $0.09
Q2'22
Beat
by $0.04
The last earnings report on May 04 showed earnings per share of $1.26, beating the estimate of 68 cents. With 456.07K shares outstanding, the current market capitalization sits at 7.97B.
A.I.Advisor
published Dividends

DLB paid dividends on May 23, 2023

Dolby Laboratories IncClass A DLB Stock Dividends
А dividend of $0.27 per share was paid with a record date of May 23, 2023, and an ex-dividend date of May 15, 2023. Read more...
A.I. Advisor
published General Information

General Information

a developer of audio systems for the music and film industries

Industry MiscellaneousCommercialServices

Profile
Fundamentals
Details
Industry
Electronic Equipment Or Instruments
Address
1275 Market Street
Phone
+1 415 558-0200
Employees
2336
Web
https://www.dolby.com
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DLB and

Correlation & Price change

A.I.dvisor indicates that over the last year, DLB has been loosely correlated with ALLE. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if DLB jumps, then ALLE could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DLB
1D Price
Change %
DLB100%
+1.91%
ALLE - DLB
63%
Loosely correlated
+4.31%
CPRT - DLB
62%
Loosely correlated
+0.27%
CTAS - DLB
60%
Loosely correlated
+1.17%
GPN - DLB
59%
Loosely correlated
+1.57%
EFX - DLB
59%
Loosely correlated
+2.45%
More

Groups containing DLB

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DLB
1D Price
Change %
DLB100%
+1.91%
film
(undefined stocks)
90%
Closely correlated
+1.27%
audio
(undefined stocks)
82%
Closely correlated
+2.93%
electronic
(undefined stocks)
77%
Closely correlated
+2.51%
music
(undefined stocks)
77%
Closely correlated
+1.91%
Commercial Services
(undefined stocks)
75%
Closely correlated
+1.18%
More