Universal Display Corp (NASDAQ:OLED) shares, rose in value on Friday, March 07, with the stock price up by 6.42% to the previous day’s close as strong demand from buyers drove the stock to $159.74.
Actively observing the price movement in the last trading, the stock closed the session at $150.11. The PE ratio was 34.35 over 12-month period. Referring to stock’s 52-week performance, its high was $237.00, and the low was $140.17. On the whole, OLED has fluctuated by 9.64% over the past month.
With the market capitalization of Universal Display Corp currently standing at about $7.58 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 1.60, with its dividend yield at 1.00%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OLED’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.08, with the price of OLED currently trading nearly 6.80% and 7.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.48, while the 7-day volatility ratio is showing 5.07% which for the 30-day chart, stands at 3.78%. Furthermore, Universal Display Corp (OLED)’s beta value is 1.41, and its average true range (ATR) is 6.16.
A comparison of Universal Display Corp (OLED) with its peers suggests the former has fared considerably weaker in the market. OLED showed an intraday change of 6.42% in last session, and over the past year, it shrunk by -5.99%%.
Data on historical trading for Universal Display Corp (NASDAQ:OLED) indicates that the trading volumes over the past 3 months, they’ve averaged 713.50K. According to company’s latest data on outstanding shares, there are 47.47 million shares outstanding.
Nearly 7.81% of Universal Display Corp’s shares belong to company insiders and institutional investors own 80.43% of the company’s shares. The stock has risen by 9.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OLED stock heading into the next quarter.
