Universal Display Corp. (NASDAQ: OLED) has seen a rise in its stock price by 1.54 in relation to its previous close of 201.88. However, the company has experienced a 0.60% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-10-14 that EWING, N.J.–(BUSINESS WIRE)—- $OLED #OLED–Universal Display Corporation will report 3Q24 results on October 30, 2024, and host a 5:00 p.m. ET earnings conference call.
Is It Worth Investing in Universal Display Corp. (NASDAQ: OLED) Right Now?
The price-to-earnings ratio for Universal Display Corp. (NASDAQ: OLED) is above average at 44.02x. The 36-month beta value for OLED is also noteworthy at 1.42. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for OLED is 43.76M, and at present, short sellers hold a 4.02% of that float. The average trading volume of OLED on October 18, 2024 was 493.89K shares.
OLED’s Market Performance
OLED stock saw an increase of 0.60% in the past week, with a monthly gain of 0.29% and a quarterly increase of -6.38%. The volatility ratio for the week is 2.50%, and the volatility levels for the last 30 days are 2.78% for Universal Display Corp. (OLED). The simple moving average for the last 20 days is -1.36% for OLED stock, with a simple moving average of 10.34% 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 3.80% 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 -13.51% of loss for the given period.
Volatility was left at 2.78%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares sank -2.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.97% upper at present.
During the last 5 trading sessions, OLED rose by +0.60%, which changed the moving average for the period of 200-days by +9.87% in comparison to the 20-day moving average, which settled at $207.82. In addition, Universal Display Corp. saw 7.18% 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 ELIAS RICHARD C, who sale 5,064 shares at the price of $192.60 back on Aug 29 ’24. After this action, ELIAS RICHARD C now owns 4,439 shares of Universal Display Corp., valued at $975,326 using the latest closing price.
LACERTE LAWRENCE, the Director of Universal Display Corp., purchase 1,000 shares at $187.99 during a trade that took place back on Aug 28 ’24, which means that LACERTE LAWRENCE is holding 121,316 shares at $187,990 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 15.5. 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
In summary, Universal Display Corp. (OLED) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
