Universal Display Corporation (OLED) is an interesting player in the Technology space, with a focus on Semiconductor Equipment & Materials. The stock has been active on the tape. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.
Fundamental Analysis
Money managers are always interested in a company that can find the right recipe of fundamental data because it reflects something important going on underneath the surface. Universal Display Corporation (OLED) currently trades with a market capitalization of $5.38 Billion. That value represents a market adjusting for revenues that have been growing by 87.07 % on a quarterly year/year basis as of the company’s last quarterly report.
The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For OLED, the company currently has $96.12 Million of cash on the books. You can get a sense of how sustainable that is by a levered free cash flow of $74.36 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.68 on a per share basis this quarter. Perhaps, that suggests something about why 58.41% of the outstanding share supply is held by institutional investors.
Technical Analysis
Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Universal Display Corporation recorded a 52-week high of $130.65. It is now trading 13.7% off that level. The stock is trading $101.80 its 50-day moving average by -15.15%. The stock carved out a 52-week low down at $47.88.
In recent action, Universal Display Corporation (OLED) has made a move of +2.41% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 53.03, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 9.80% with $41.42 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of OLED. |
