The stock has a 36-month beta value of 1.14. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for UEIC is 10.67M, and at present, short sellers hold a 0.99% of that float. On September 27, 2024, the average trading volume of UEIC was 77.45K shares.
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UEIC) stock’s latest price update
Universal Electronics Inc. (NASDAQ: UEIC)’s stock price has soared by 11.54 in relation to previous closing price of 8.49. Nevertheless, the company has seen a gain of 10.24% in its stock price over the last five trading days. zacks.com reported 2024-09-16 that Universal Electronics (UEIC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
UEIC’s Market Performance
Universal Electronics Inc. (UEIC) has seen a 10.24% rise in stock performance for the week, with a 4.76% gain in the past month and a -17.65% plunge in the past quarter. The volatility ratio for the week is 6.74%, and the volatility levels for the past 30 days are at 5.34% for UEIC. The simple moving average for the past 20 days is 7.53% for UEIC’s stock, with a -5.03% simple moving average for the past 200 days.
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 -3.08% 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 -33.31% of loss for the given period.
Volatility was left at 5.34%, however, over the last 30 days, the volatility rate increased by 6.74%, as shares surge +2.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.74% lower at present.
During the last 5 trading sessions, UEIC rose by +10.24%, which changed the moving average for the period of 200-days by +23.31% in comparison to the 20-day moving average, which settled at $8.82. In addition, Universal Electronics Inc. saw 0.85% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at UEIC starting from TORO 18 HOLDINGS LLC, who purchase 14,380 shares at the price of $7.73 back on Dec 05 ’23. After this action, TORO 18 HOLDINGS LLC now owns 1,532,866 shares of Universal Electronics Inc., valued at $111,169 using the latest closing price.
TORO 18 HOLDINGS LLC, the 10% Owner of Universal Electronics Inc., purchase 11,281 shares at $7.60 during a trade that took place back on Dec 06 ’23, which means that TORO 18 HOLDINGS LLC is holding 1,544,147 shares at $85,736 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 0.4. 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
To sum up, Universal Electronics Inc. (UEIC) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
