On 8/2/24, Universal Display Corporation (NASDAQ: OLED) stock suffered a major decline of -19.0%, closing at $172.28. Moreover, exceptionally high trading volume at 322% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -22.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed 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 (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Universal Display has a poor Appreciation Score of 23 but a slightly positive Power Rating of 68, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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