In last trading session, Universal Display Corporation (NASDAQ:OLED) saw 0.38 million shares changing hands with its beta currently measuring 1.38. Company’s recent per share price level of $164.29 trading at $6.47 or 4.10% at ring of the bell on the day assigns it a market valuation of $8.03B. That closing price of OLED’s stock is at a discount of -59.94% from its 52-week high price of $262.77 and is indicating a premium of 14.89% from its 52-week low price of $139.83. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.44 million shares which gives us an average trading volume of 454.30K if we extend that period to 3-months.
For Universal Display Corporation (OLED), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 14 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.99 in the current quarter.
Universal Display Corporation (NASDAQ:OLED) trade information
Upright in the green during last session for gaining 4.10%, in the last five days OLED remained trading in the green while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $164.29 price level, adding 0.78% to its value on the day. Universal Display Corporation’s shares saw a change of -0.45% in year-to-date performance and have moved 3.42% in past 5-day. Universal Display Corporation (NASDAQ:OLED) showed a performance of 4.84% in past 30-days. Number of shares sold short was 1.27 million shares which calculate 2.51 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $228.42 to the stock, which implies a rise of 28.08% to its current value. Analysts have been projecting $115.00 as a low price target for the stock while placing it at a high target of $350.00. It follows that stock’s current price would drop -113.04% in reaching the projected high whereas dropping to the targeted low would mean a gain of 30.0% for stock’s current value.
Universal Display Corporation (OLED) estimates and forecasts
Statistics highlight that Universal Display Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -19.90% of value to its shares in past 6 months, showing an annual growth rate of 36.43% while that of industry is 20.80. Apart from that, the company came raising its revenue forecast for fiscal year 2022. This year revenue growth is estimated to rise 28.40% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $143.04 million for the same. And 9 analysts are in estimates of company making revenue of $148.08 million in the next quarter that will end on Mar 2022. Company posted $141.54 million and $134 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 1.10% while estimating it to be 10.50% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 55.40% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -4.00% while estimates for its earnings growth in next 5 years are of 32.79%.
Universal Display Corporation is more likely to be releasing its next quarterly report between February 16 and February 21 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Universal Display Corporation (NASDAQ:OLED)’s Major holders
Insiders are in possession of 8.29% of company’s total shares while institution are holding 74.31 percent of that, with stock having share float percentage of 81.03%. Investors also watch the number of corporate investors in a company very closely, which is 74.31% institutions for Universal Display Corporation that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at OLED for having 4.07 million shares of worth $696.21 million. And as of Sep 29, 2021, it was holding 8.64% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 4.01 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 8.51% of outstanding shares, having a total worth of $685.67 million.
On the other hand, Delaware Ivy Science and Technology Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 1.37 million shares of worth $234.23 million or 2.91% of the total outstanding shares. The later fund manager was in possession of 1.19 million shares on Sep 29, 2021, making its stake of worth around $203.9 million in the company or a holder of 2.53% of company’s stock.