On 10/31/24, Universal Display Corporation (NASDAQ: OLED) stock suffered a major decline of -11.2%, closing at $180.32. Moreover, exceptionally high trading volume at 252% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -10.2% 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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Universal Display has a poor Appreciation Score of 25 but a good Power Rating of 79, producing the Neutral Value Trend Rating.
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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