The stock of Universal Electronics Inc. (UEIC) has seen a -16.85% decrease in the past week, with a -24.18% drop in the past month, and a -30.90% decrease in the past quarter. The volatility ratio for the week is 8.46%, and the volatility levels for the past 30 days are at 4.88% for UEIC. The simple moving average for the past 20 days is -20.48% for UEIC’s stock, with a -5.64% simple moving average for the past 200 days.
Is It Worth Investing in Universal Electronics Inc. (NASDAQ: UEIC) Right Now?
The 36-month beta value for UEIC is also noteworthy at 1.16. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for UEIC is 10.59M, and at present, short sellers hold a 0.93% of that float. The average trading volume of UEIC on August 12, 2024 was 64.47K shares.
UEIC) stock’s latest price update
The stock of Universal Electronics Inc. (NASDAQ: UEIC) has decreased by -14.55 when compared to last closing price of 10.86.Despite this, the company has seen a loss of -16.85% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-08 that Universal Electronics Inc. (NASDAQ:UEIC ) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Kirsten Chapman – LHA Investor Relations Paul Arling – Chairman & Chief Executive Officer Bryan Hackworth – Chief Financial Officer Conference Call Participants Steven Frankel – Rosenblatt Securities Greg Burns – Sidoti Operator Good day, and thank you for standing by. Welcome to the Universal Electronics Second Quarter 2024 Financial Results Conference Call.
Analysts’ Opinion of UEIC
Many brokerage firms have already submitted their reports for UEIC stocks, with Sidoti repeating the rating for UEIC by listing it as a “Buy.” The predicted price for UEIC in the upcoming period, according to Sidoti is $16 based on the research report published on March 15, 2023 of the previous year 2023.
Sidoti, on the other hand, stated in their research note that they expect to see UEIC reach a price target of $20. The rating they have provided for UEIC stocks is “Neutral” according to the report published on February 17th, 2023.
Rosenblatt gave a rating of “Neutral” to UEIC, setting the target price at $20 in the report published on February 17th of the previous year.
UEIC Trading at -19.66% from the 50-Day Moving Average
After a stumble in the market that brought UEIC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.65% of loss for the given period.
Volatility was left at 4.88%, however, over the last 30 days, the volatility rate increased by 8.46%, as shares sank -24.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.12% lower at present.
During the last 5 trading sessions, UEIC fell by -16.85%, which changed the moving average for the period of 200-days by +12.62% in comparison to the 20-day moving average, which settled at $11.52. In addition, Universal Electronics Inc. saw -1.17% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at UEIC starting from TORO 18 HOLDINGS LLC, who purchase 11,281 shares at the price of $7.60 back on Dec 06 ’23. After this action, TORO 18 HOLDINGS LLC now owns 1,544,147 shares of Universal Electronics Inc., valued at $85,736 using the latest closing price.
TORO 18 HOLDINGS LLC, the 10% Owner of Universal Electronics Inc., purchase 14,380 shares at $7.73 during a trade that took place back on Dec 05 ’23, which means that TORO 18 HOLDINGS LLC is holding 1,532,866 shares at $111,169 based on the most recent closing price.
Stock Fundamentals for UEIC
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.25 for the gross margin
The net margin for Universal Electronics Inc. stands at -0.11. The total capital return value is set at -0.14. Equity return is now at value -24.07, with -12.27 for asset returns.
Based on Universal Electronics Inc. (UEIC), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 0.35. The interest coverage ratio of the stock is 12.94.
Currently, EBITDA for the company is -1.38 million with net debt to EBITDA at 12.18. When we switch over and look at the enterprise to sales, we see a ratio of 0.39. The receivables turnover for the company is 3.71for trailing twelve months and the total asset turnover is 1.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.60.
Conclusion
In summary, Universal Electronics Inc. (UEIC) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
