While Universal Display Corp has underperformed by -3.20%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OLED fell by -19.94%, with highs and lows ranging from $173.45 to $103.70, whereas the simple moving average fell by -18.72% in the last 200 days.
On January 02, 2025, Oppenheimer Reiterated Universal Display Corp (NASDAQ: OLED) to Outperform. A report published by TD Cowen on October 31, 2024, Reiterated its previous ‘Buy’ rating for OLED. TD Cowen also reiterated OLED shares as ‘Buy’, quoting a target price of $250 on the company’s shares in a report dated August 02, 2024. Needham Reiterated the rating as Buy on July 02, 2024, but set its price target from $198 to $242. TD Cowen resumed its ‘Outperform’ rating for OLED, as published in its report on February 23, 2024. Citigroup’s report from January 19, 2024 suggests a price prediction of $180 for OLED shares, giving the stock a ‘Neutral’ rating. BofA Securities also rated the stock as ‘Buy’.
Analysis of Universal Display Corp (OLED)
A return on investment can be expected regardless of OLED’s performance over the next quarter with the dividend set at $1.75 per share. Further, the quarter-over-quarter decrease in sales is -13.62%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Universal Display Corp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 13.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 7.59, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and OLED is recording an average volume of 629.70K. On a monthly basis, the volatility of the stock is set at 3.81%, whereas on a weekly basis, it is put at 5.19%, with a loss of -13.51% over the past seven days. Furthermore, long-term investors anticipate a median target price of $169.12, showing growth from the present price of $117.05, which can serve as yet another indication of whether OLED is worth investing in or should be passed over.
How Do You Analyze Universal Display Corp Shares?
A leading company in the Electronic Components sector, Universal Display Corp (OLED) is based in the USA. When comparing Universal Display Corp shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 25.19, there is a growth in quarterly earnings of -34.08%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.76%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 81.68% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
