Oppenheimer has recently reiterated Universal Display Corp (OLED) stock to Outperform rating, as announced on January 2, 2025, according to Finviz. Earlier, on October 31, 2024, TD Cowen had reiterated the stock to Buy, setting a price target of $225 for OLED stock. TD Cowen also reiterated Buy rating with a price target of $250. Additionally, Needham reiterated Buy rating on July 2, 2024, with a target price of $242. TD Cowen analysts, in their report published on February 23, 2024, also reiterated Outperform rating and set a price target of $210 for Universal Display Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Universal Display Corp (OLED) Stock Trading Recap
On Thursday, Universal Display Corp (OLED) stock saw a decline, ending the day at $142.10 which represents a decrease of $-1.21 or -0.84% from the prior close of $143.31. The stock opened at $145.46 and touched a low of $141.85 during the day, reaching a high of $146. The volume of shares traded was 0.52 million falling short of the average volume of 0.82 million.
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OLED Stock Performance and Moving Averages
In recent trading, Universal Display Corp (OLED) stock price has shown some volatility, fluctuating 0.64% over the last five trades and 33.30% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -20.91%, and it has plunged by -1.37% in the previous three months. Currently, OLED is trading at 13.13%, 3.89%, and -14.82% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, OLED, a Technology sector stock, is trading -40.04% below its 52-week high but remains 37.03% above its 52-week low. The Average True Range (ATR) (14 days) of 6.83 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Universal Display Corp’s Profitability and Valuation Ratios
Universal Display Corp’s profitability metrics reveal financial health. The company currently boasts an operating margin of 39.32% and a profit margin of 35.34%, with a gross margin of -20.91%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Universal Display Corp’s market capitalization stands at $6.75 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 29.54, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 25.24. Additionally, the Price-to-Sales Ratio is 10.41, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 4.07, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 7.82% of Universal Display Corp (OLED)’s shares, while financial institutions hold 81.05%.
Notable insider trades include ELIAS RICHARD C, Director at Universal Display Corp (OLED), who sold 5,064 shares on Aug 29 ’24, at $192.60 each, totaling $0.98 million.
