Alert: Negative Investment/Fundamental Signals (3/14/24)-Universal Display Corporation (NASDAQ: OLED)

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Universal Display Corporation (NASDAQ: OLED). Extremely important negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.

Universal Display Corporation (NASDAQ: OLED). Notable negative changes in fundamentals have recently occurred. Negative developments: significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, OLED is expected to continue to be an important Value Builder.

Universal Display has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Universal Display has a poor Appreciation Score of 22 but a good Power Rating of 76, resulting in the Neutral Value Trend Rating.

Recent Price Action

Universal Display Corporation (NASDAQ: OLED) stock closed at $159.94 on 3/14/24 after a modest decline of -1.8%. This decline was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.4% during the last week.

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