Stock To Watch: Universal Electronics Inc. (NASDAQ:UEIC)


The leading market experts have placed a mean price target of $84.63 on Universal Electronics Inc. (NASDAQ:UEIC) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.10 a share for the upcoming quarter and $3.30 for the current fiscal.

Technical View

The technical analysis of Universal Electronics Inc. plainly substantiates that the 50-day moving average of Universal Electronics Inc. is $74.12, and stock is trading $3.56 points away or +4.80% from its 50-day moving average of $74.12. Further it is trading $13.48 or +21.00% away its 200-day moving average of $64.20. Universal Electronics Inc. (NASDAQ:UEIC) 52-week high is $78.90 and the 52-week low is $40.28.

This explains if the stock moves $-1.22, it will post a 52-week high. In event of +92.85% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Universal Electronics Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Universal Electronics Inc. (NASDAQ:UEIC) ratio came in at 46.18.

The stock last ended the trading session at $77.68 and registered a market cap of $1.12B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Universal Electronics Inc. (NASDAQ:UEIC) PEG ratio is at 1.54.

1 Chart Pattern Every Investor Should Know

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