On Friday, Universal Display Corp. (NASDAQ: OLED) opened higher 1.50% from the last session, before settling in for the closing price of $190.85. Price fluctuations for OLED have ranged from $133.67 to $237.00 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 20.71%. Company’s average yearly earnings per share was noted 13.62% at the time writing. With a float of $43.75 million, this company’s outstanding shares have now reached $47.37 million.
Let’s determine the extent of company efficiency that accounts for 456 employees. In terms of profitability, gross margin is 74.9%, operating margin of 37.31%, and the pretax margin is 42.5%.
Universal Display Corp. (OLED) Insider Activity
A key investor’s attitude towards the stock of the Electronic Components industry is another important factor to consider. The insider ownership of Universal Display Corp. is 7.80%, while institutional ownership is 78.51%. The most recent insider transaction that took place on Aug 28 ’24, was worth 187,990. In this transaction Director of this company bought 1,000 shares at a rate of $187.99, taking the stock ownership to the 121,316 shares. Before that another transaction happened on Aug 29 ’24, when Company’s Director proposed sale 5,064 for $192.60, making the entire transaction worth $975,312.
Universal Display Corp. (OLED) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.08 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.01) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.33 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.62% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.90% during the next five years compared to 27.89% growth over the previous five years of trading.
Universal Display Corp. (NASDAQ: OLED) Trading Performance Indicators
Check out the current performance indicators for Universal Display Corp. (OLED). In the past quarter, the stock posted a quick ratio of 5.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 14.75. Likewise, its price to free cash flow for the trailing twelve months is 48.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.66, a number that is poised to hit 1.18 in the next quarter and is forecasted to reach 5.66 in one year’s time.
Technical Analysis of Universal Display Corp. (OLED)
Looking closely at Universal Display Corp. (NASDAQ: OLED), its last 5-days average volume was 0.27 million, which is a drop from its year-to-date volume of 0.33 million. As of the previous 9 days, the stock’s Stochastic %D was 58.38%. Additionally, its Average True Range was 6.90.
During the past 100 days, Universal Display Corp.’s (OLED) raw stochastic average was set at 50.96%, which indicates a significant decrease from 94.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.67% in the past 14 days, which was lower than the 50.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $203.61, while its 200-day Moving Average is $181.45. However, in the short run, Universal Display Corp.’s stock first resistance to watch stands at $195.22. Second resistance stands at $196.73. The third major resistance level sits at $199.33. If the price goes on to break the first support level at $191.11, it is likely to go to the next support level at $188.51. Should the price break the second support level, the third support level stands at $187.00.
Universal Display Corp. (NASDAQ: OLED) Key Stats
There are currently 47,439K shares outstanding in the company with a market cap of 9.19 billion. Presently, the company’s annual sales total 576,430 K according to its annual income of 203,010 K. Last quarter, the company’s sales amounted to 158,510 K and its income totaled 52,340 K.
