DLB Stock Summary and Trading Ideas (Dolby Laboratories | NYSE:DLB)

Dolby Laboratories Inc develops audio and surround sound for cinema, broadcast, home audio systems, in-car entertainment systems, DVD players, games, televisions, and personal computers. The company generates three fourths of its revenue from licensing its technology to consumer electronics manufacturers around the world. The rest of revenue comes from equipment sales to professional producers and audio engineering services.

Dolby Laboratories trades on the NYSE stock market under the symbol DLB.

As of May 16, 2024, DLB stock price declined to $83.62 with 383,423 million shares trading.

DLB has a beta of 0.68, meaning it tends to be less sensitive to market movements. DLB has a correlation of 0.12 to the broad based SPY ETF.

DLB has a market cap of $7.95 billion. This is considered a Mid Cap stock.

Last quarter Dolby Laboratories reported $365 million in Revenue and $1.27 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.08.

In the last 3 years, DLB stock traded as high as $104.25 and as low as $61.55.

The top ETF exchange traded funds that DLB belongs to (by Net Assets): IJH, VTI, VB, VXF, VBK.

DLB stock has underperformed the market in the last year with a return of +0.6%, while SPY returned +29.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DLB shares. However, DLB has outperformed the market in the last 3 month and 2 week periods, returning +6.2% and +8.2%, while SPY returned +5.6% and +5.7%, respectively. This indicates DLB has been having a stronger performance recently.

DLB support price is $82.65 and resistance is $84.75 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DLB stock will trade within this expected range on the day.