Is LG Display Co., Ltd. (NYSE:LPL)’s stock on the decline?

The trading price of LG Display Co., Ltd. (NYSE:LPL) floating higher at last check on Wednesday, Apr 07, closing at $11.08, 1.94% higher than its previous close.

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Traders who pay close attention to intraday price movement should know that it has been fluctuating between $11.20 and $11.39. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 1.1. In examining the 52-week price action we see that the stock hit a 52-week high of $11.37 and a 52-week low of $4.01. Over the past month, the stock has gained 10.25% in value.

LG Display Co., Ltd., whose market valuation is $7.95 Billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.24 per share this quarter, however they have predicted annual earnings per share of $0.85 for 2021 and $0.86 for 2022. It means analysts are expecting annual earnings per share growth of -5.05% this year and 0.01% next year.

Analysts have forecast the company to bring in revenue of $6.22 Billion for the quarter, with the likely lows of $6.22 Billion and highs of $6.22 Billion. The average estimate suggests sales will likely up by 57% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $27Billion. The company’s revenue is forecast to grow by +31.3% over what it did in 2020.

On the technical side, indicators suggest LPL has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

To see how LG Display Co., Ltd. stock has been performing today in comparison to its peers in the industry, here are the numbers: LPL stock’s performance was +1.94% at last check in today’s session, and +161.32% in the past year, while Logitech Int S.A. (LOGI) has been trading -0.97% in recent session and positioned +149.23% higher than it was a year ago. Another comparable company Mercury Sys Inc (MRCY) saw its stock trading -2.48% lower in today’s session but was up +9.56% in a year. Furthermore, Vuzix Corp (VUZI) showed an increase of 1.94% today while its price kept rising at 161.32% over the past year. LG Display Co., Ltd. has a P/E ratio of 0, compared to Logitech Int S.A.’s 19.68 and Mercury Sys Inc’s 52.21. Also during today’s trading, the S&P 500 Index has surged 0.16%, while the Dow Jones Industrial also saw a positive session, up +0.01% today.

An evaluation of the daily trading volume of LG Display Co., Ltd. (NYSE:LPL) indicates that the 3-month average is 715.28 Million. However, this figure has declined over the past 10 days to an average of 449.3 Million.

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Currently, records show that 715.63 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 82.26%. The stats also highlight that short interest as of March 14, 2021, stood at 2.62 Million shares, resulting in a short ratio of 3.51 at that time. From this, we can conclude that short interest is 0.37% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 2.61 Million. However, since the stock’s price has seen +31.28% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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