Stock Rating Downgrade
The Value Trend Rating for Universal Display Corporation (NASDAQ: OLED) weakened of late from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Universal Display Corporation (NASDAQ: OLED) stock closed at $164.26 on 4/8/24 after a modest gain of 0.8%. However, trading volume in this advance was exceptionally low at 43% of normal. Relative to the market the stock has been strong over the last nine months but has declined -2.5% during the last week.
Current PriceTarget Research Rating
OLED’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Universal Display has a current Value Trend Rating of D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Universal Display has a poor Appreciation Score of 23 but a slightly positive Power Rating of 63, and the Negative Value Trend Rating results.
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