Currently, there are 47.57M common shares owned by the public and among those 43.54M shares have been available to trade.
The company’s stock has a 5-day price change of -8.04% and -9.43% over the past three months. OLED shares are trading -2.18% year to date (YTD), with the 12-month market performance down to -18.32% lower. It has a 12-month low price of $103.70 and touched a high of $237.00 over the same period. OLED has an average intraday trading volume of 771.31K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.85%, 4.71%, and -12.60% respectively.
Institutional ownership of Universal Display Corp (NASDAQ: OLED) shares accounts for 83.19% of the company’s 47.57M shares outstanding.
It has a market capitalization of $6.80B and a beta (3y monthly) value of 1.51. The stock’s trailing 12-month PE ratio is 29.73, while the earnings-per-share (ttm) stands at $4.81. The company has a PEG of 1.89 and a Quick Ratio of 7.26 with the debt-to-equity ratio at 0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.40% over the week and 3.45% over the month.
Earnings per share for the fiscal year are expected to increase by 8.09%, and 12.61% over the next financial year. EPS should grow at an annualized rate of 15.74% over the next five years, compared to 9.75% over the past 5-year period.
Looking at the support for the OLED, a number of firms have released research notes about the stock. Oppenheimer stated their Outperform rating for the stock in a research note on January 02, 2025, with the firm’s price target at $220-$200. TD Cowen coverage for the Universal Display Corp (OLED) stock in a research note released on October 31, 2024 offered a Buy rating with a price target of $225. TD Cowen was of a view on August 02, 2024 that the stock is Buy, while Needham gave the stock Buy rating on July 02, 2024, issuing a price target of $198- $242. TD Cowen on their part issued Outperform rating on February 23, 2024.
