The closing price of Universal Display Corp. (NASDAQ: OLED) was $162.92 for the day, down -2.25% from the previous closing price of $166.67. In other words, the price has decreased by -$3.75 from its previous closing price. On the day, 530503 shares were traded.
Ratios:
Our analysis of OLED’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 81.25. For the most recent quarter (mrq), Quick Ratio is recorded 6.24 and its Current Ratio is at 7.72. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on February 23, 2024, Reiterated its Outperform rating but revised its target price to $210 from $165 previously.
On January 19, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $161 to $180.
BofA Securities Upgraded its Neutral to Buy on December 18, 2023, whereas the target price for the stock was revised from $160 to $250.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 27 ’24 when LACERTE LAWRENCE sold 7,000 shares for $171.32 per share. The transaction valued at 1,199,265 led to the insider holds 119,688 shares of the business.
Premutico Mauro sold 9,351 shares of OLED for $1,507,101 on Sep 06 ’23. The SVP & GM, Licensing now owns 0 shares after completing the transaction at $161.17 per share. On Aug 09 ’23, another insider, ELIAS RICHARD C, who serves as the Director of the company, sold 2,000 shares for $157.68 each. As a result, the insider received 315,363 and left with 5,767 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OLED now has a Market Capitalization of 7.72B and an Enterprise Value of 7.23B. As of this moment, Universal’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.41, and their Forward P/E ratio for the next fiscal year is 29.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.39 while its Price-to-Book (P/B) ratio in mrq is 5.33. Its current Enterprise Value per Revenue stands at 12.54 whereas that against EBITDA is 27.73.
Stock Price History:
The Beta on a monthly basis for OLED is 1.46, which has changed by 13.41% over the last 52 weeks, in comparison to a change of 30.43% over the same period for the S&P500. Over the past 52 weeks, OLED has reached a high of $194.84, while it has fallen to a 52-week low of $125.98. The 50-Day Moving Average of the stock is 176.33, while the 200-Day Moving Average is calculated to be 161.31.
Shares Statistics:
OLED traded an average of 288.03K shares per day over the past three months and 339.51k shares per day over the past ten days. A total of 47.37M shares are outstanding, with a floating share count of 43.69M. Insiders hold about 7.75% of the company’s shares, while institutions hold 79.19% stake in the company. Shares short for OLED as of Feb 29, 2024 were 888.51k with a Short Ratio of 3.08, compared to 840.38k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.88% and a Short% of Float of 2.03%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.40, OLED has a forward annual dividend rate of 1.40. Against a Trailing Annual Dividend Yield of 0.84%, it implies a Forward Annual Dividend Yield of 0.98%. The stock’s 5-year Average Dividend Yield is 0.53.
Earnings Estimates
The firm’s stock currently is rated by 8 analysts. On average, analysts expect EPS of $1.09 for the current quarter, with a high estimate of $1.29 and a low estimate of $0.92, while EPS last year was $0.83. The consensus estimate for the next quarter is $1.09, with high estimates of $1.22 and low estimates of $0.92.
Analysts are recommending an EPS of between $5.4 and $4.41 for the fiscal current year, implying an average EPS of $4.79. EPS for the following year is $5.71, with 8 analysts recommending between $6.48 and $5.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $161.55M to a low estimate of $143M. As of the current estimate, Universal Display Corp.’s year-ago sales were $130.47M, an estimated increase of 15.50% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $154.55M, an increase of 20.20% over than the figure of $15.50% in the same quarter last year. There is a high estimate of $162.3M for the next quarter, whereas the lowest estimate is $144.88M.
A total of 8 analysts have provided revenue estimates for OLED’s current fiscal year. The highest revenue estimate was $660.52M, while the lowest revenue estimate was $648M, resulting in an average revenue estimate of $652.78M. In the same quarter a year ago, actual revenue was $576.43M, up 13.20% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $751.27M in the next fiscal year. The high estimate is $782.25M and the low estimate is $716.65M. The average revenue growth estimate for next year is up 15.10% from the average revenue estimate for this year.
