Stocks of Universal Electronics Inc. (NASDAQ:UEIC) traded higher last session on Wall Street, up 5.52% to $9.56.
According to the data, Universal Electronics Inc. (NASDAQ:UEIC) has 4 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $28.00 and a low of $20.00, we find $21.00. Given the previous closing price of $9.06, this indicates a potential upside of 131.79 percent. UEIC stock price is now -51.59% away from the 50-day moving average and -56.85% away from the 200-day moving average. The market capitalization of the company currently stands at $125.33M.
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A total of 4 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $22.50 as their price target over the next twelve months.
With the price target maintained at $20, Sidoti recently Downgraded its rating from Buy to Neutral for Universal Electronics Inc. (NASDAQ: UEIC). On February 17, 2023, Rosenblatt Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $36 to quote $20, while ‘B. Riley Securities’ rates the stock as ‘Neutral’.
Insiders disposed of 82,433 shares of company stock worth roughly $0.79 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UEIC stock. A new stake in Universal Electronics Inc. shares was purchased by HILLSDALE INVESTMENT MANAGEMENT INC. during the first quarter worth $963,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $546,000 in shares of UEIC during the first quarter. In the first quarter, TREXQUANT INVESTMENT LP acquired a new stake in Universal Electronics Inc. valued at approximately $298,000. HRT FINANCIAL LP acquired a new stake in UEIC for approximately $285,000. CORNERCAP INVESTMENT COUNSEL INC purchased a new stake in UEIC valued at around $216,000 in the second quarter. In total, there are 179 active investors with 92.60% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $9.34 for Universal Electronics Inc. (NASDAQ: UEIC). During the past 12 months, Universal Electronics Inc. has had a low of $8.76 and a high of $34.39. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 1.60, and a quick ratio of 0.90. The fifty day moving average price for UEIC is $19.52 and a two-hundred day moving average price translates $22.07 for the stock.
The latest earnings results from Universal Electronics Inc. (NASDAQ: UEIC) was released for Sep, 2022. According to the Consumer Electronics Company, earnings per share came in at $1, beating analysts’ expectations of $0.74 by 0.26. This compares to -$0.44 EPS in the same period last year. The net profit margin was 0.10% and return on equity was 0.20% for UEIC. The company reported revenue of $122.76 million for the quarter, compared to $144.94 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.31 percent. For the current quarter, analysts expect UEIC to generate $130.59M in revenue.
Universal Electronics Inc.(UEIC) Company Profile
Universal Electronics Inc. designs, develops, manufactures, and sells pre-programmed and universal control products, audio-video (AV) accessories, and intelligent wireless security and smart home products for video services, consumer electronics, security, home automation, climate control, and home appliance markets. The company offers universal radio frequency (RF) and infrared remote controls primarily for sale to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; integrated circuits on which its software and universal device control database is embedded for sale to OEMs, video service providers, and private label customers; and software, firmware, and technology solutions that enable devices, such as televisions, set-top boxes, audio systems, smart speakers, game consoles, and other consumer electronic and smart home devices to connect and interact with home networks and interactive services to control and deliver home entertainment, smart home services, and device or system information. It also provides cloud-services that support its embedded software and hardware solutions; intellectual property that the company licenses principally to OEMs and video service providers; RF sensors for residential security, safety, and home automation applications; wall-mount and handheld thermostat controllers and connected accessories for intelligent energy management systems, primarily to OEM customers, as well as hotels and hospitality system integrators; and AV accessories to consumers, including universal remote controls, television wall mounts, and stands and digital television antennas. The company also serves through a network of national and regional distributors and dealers. It sells its products under the One For All brand in the United States, the People’s Republic of China, rest of Asia, Europe, Latin America, and internationally. The company was incorporated in 1986 and is headquartered in Scottsdale, Arizona.
