Why Universal Electronics Inc. (NASDAQ:UEIC) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $85.10 on Universal Electronics Inc. (NASDAQ:UEIC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.27 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Universal Electronics Inc. (NASDAQ:UEIC) stands at 45.14.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Universal Electronics Inc., the PEG ratio for coming 3-5 years is 1.51.

Technical Analysis

The technical analysis highlights that Universal Electronics Inc. current is trading $0.07 points away or +0.09% from its 50-day moving average of $75.86. Further it is trading $8.95 or +13.37% away its 200-day moving average of $66.98.

The 52-week high of Universal Electronics Inc. (NASDAQ:UEIC) was $80.42 while lowest point recorded in 52-week was $40.28. It implies if stock price makes a movement of over $-4.49, it will record a new 52-week high. In the case of +88.50% drop, it will touch a new 52-week low.

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