Universal Display Corp. (NASDAQ: OLED) has a higher price-to-earnings ratio of 41.60x compared to its average ratio. OLED has 36-month beta value of 1.43. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for OLED is 43.75M, and currently, short sellers hold a 2.39% ratio of that float. The average trading volume of OLED on September 02, 2024 was 406.83K shares.
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OLED) stock’s latest price update
Universal Display Corp. (NASDAQ: OLED)’s stock price has soared by 1.50 in relation to previous closing price of 190.85. Nevertheless, the company has seen a loss of -0.21% in its stock price over the last five trading days. businesswire.com reported 2024-08-08 that EWING, N.J.–(BUSINESS WIRE)—- $OLED #OLED–UDC today announced its participation in the Citi Global TMT investor conference and IMID, ACS and OLEDs World Summit industry conferences.
OLED’s Market Performance
Universal Display Corp. (OLED) has experienced a -0.21% fall in stock performance for the past week, with a -8.91% drop in the past month, and a 10.26% rise in the past quarter. The volatility ratio for the week is 2.19%, and the volatility levels for the past 30 days are at 3.79% for OLED. The simple moving average for the last 20 days is 6.90% for OLED’s stock, with a simple moving average of 6.88% for the last 200 days.
Analysts’ Opinion of OLED
Many brokerage firms have already submitted their reports for OLED stocks, with TD Cowen repeating the rating for OLED by listing it as a “Buy.” The predicted price for OLED in the upcoming period, according to TD Cowen is $250 based on the research report published on August 02, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see OLED reach a price target of $242, previously predicting the price at $198. The rating they have provided for OLED stocks is “Buy” according to the report published on July 02nd, 2024.
TD Cowen gave a rating of “Outperform” to OLED, setting the target price at $210 in the report published on February 23rd of the current year.
OLED Trading at -4.98% from the 50-Day Moving Average
After a stumble in the market that brought OLED to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.26% of loss for the given period.
Volatility was left at 3.79%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares surge +12.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.47% lower at present.
During the last 5 trading sessions, OLED fell by -0.21%, which changed the moving average for the period of 200-days by +26.02% in comparison to the 20-day moving average, which settled at $182.28. In addition, Universal Display Corp. saw 1.29% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OLED starting from LACERTE LAWRENCE, who purchase 1,000 shares at the price of $187.99 back on Aug 28 ’24. After this action, LACERTE LAWRENCE now owns 121,316 shares of Universal Display Corp., valued at $187,990 using the latest closing price.
ELIAS RICHARD C, the Director of Universal Display Corp., proposed sale 5,064 shares at $192.60 during a trade that took place back on Aug 29 ’24, which means that ELIAS RICHARD C is holding shares at $975,312 based on the most recent closing price.
Stock Fundamentals for OLED
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.75 for the gross margin
The net margin for Universal Display Corp. stands at 0.36. The total capital return value is set at 0.14. Equity return is now at value 15.48, with 13.37 for asset returns.
Based on Universal Display Corp. (OLED), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 9.59. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 37.12.
Currently, EBITDA for the company is 260.59 million with net debt to EBITDA at -0.25. When we switch over and look at the enterprise to sales, we see a ratio of 14.64. The receivables turnover for the company is 3.76for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.31.
Conclusion
To put it simply, Universal Display Corp. (OLED) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
