Dolby Laboratories Inc's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 28 out of 479 in the Software & IT Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 87.82.In the medium term, the stock price is expected to remain stable.Despite a weak stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Dolby Laboratories Inc is 7.33, ranking 202 out of 479 in the Software & IT Services industry. Its financial status is stable, and its operating efficiency is average. Its latest quarterly revenue reached 346.71M, representing a year-over-year decrease of 2.88%, while its net profit experienced a year-over-year decrease of 21.37%.
Key Metrics
The current valuation score of Dolby Laboratories Inc is 7.16, ranking 310 out of 479 in the Software & IT Services industry. Its current P/E ratio is 23.40, which is 96.57% below the recent high of 46.01 and 1.71% above the recent low of 23.00.
The current earnings forecast score of Dolby Laboratories Inc is 8.00, ranking 116 out of 479 in the Software & IT Services industry. The average price target is 90.00, with a high of 114.00 and a low of 68.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Dolby Laboratories Inc is 6.70, ranking 231 out of 479 in the Software & IT Services industry. Currently, the stock price is trading between the resistance level at 64.23 and the support level at 55.68, making it suitable for range-bound swing trading.
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The current institutional shareholding score of Dolby Laboratories Inc is 10.00, ranking 1 out of 479 in the Software & IT Services industry. The latest institutional shareholding proportion is 106.75%, representing a quarter-over-quarter decrease of 0.01%. The largest institutional shareholder is The Vanguard, holding a total of 7.70M shares, representing 12.64% of shares outstanding, with 3.24% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Software & IT Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Dolby Laboratories Inc is 9.25, ranking 7 out of 479 in the Software & IT Services industry. The company's beta value is 0.87. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. Dolby Laboratories Inc’s latest ESG disclosure leads the Software & IT Services industry, indicating outstanding, compliant performance across environmental management, social responsibility, and governance, which may help mitigate overall risk.
