Universal Display Corp (NASDAQ:OLED) shares, rose in value on Friday, May 30, with the stock price down by -1.44% to the previous day’s close as strong demand from buyers drove the stock to $143.35.
Actively observing the price movement in the last trading, the stock closed the session at $145.44. The PE ratio was 29.80 over 12-month period. Referring to stock’s 52-week performance, its high was $237.00, and the low was $103.70. On the whole, OLED has fluctuated by 14.10% over the past month.
With the market capitalization of Universal Display Corp currently standing at about $6.81 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.65, with its dividend yield at 1.15%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 671.84M, with a low estimate of 149.82M and a high estimate of 167.09M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 161.58M.
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 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.89, with the price of OLED currently trading nearly -2.71% and 5.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.81, while the 7-day volatility ratio is showing 2.13% which for the 30-day chart, stands at 2.35%. Furthermore, Universal Display Corp (OLED)’s beta value is 1.51, and its average true range (ATR) is 5.42.
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 -1.44% in last session, and over the past year, it shrunk by -20.92%%.
Data on historical trading for Universal Display Corp (NASDAQ:OLED) indicates that the trading volumes over the past 3 months, they’ve averaged 738.26K. According to company’s latest data on outstanding shares, there are 47.57 million shares outstanding.
Nearly 8.39% of Universal Display Corp’s shares belong to company insiders and institutional investors own 83.19% of the company’s shares. The stock has fallen by -1.95% 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.
