UEIC Stock Summary and Trading Ideas (Universal Electronics | NASDAQ:UEIC)

Universal Electronics Inc is a United States-based company that principally designs, develops, manufactures, ships, and supports control and sensor technology solutions and a broad line of universal control systems, audio-video (AV) accessories, wireless security, and smart home products that are used by the world's brands in the video services, consumer electronics, security, home automation, climate control and home appliance markets. It generates its total revenue from the United States.

Universal Electronics trades on the NASDAQ stock market under the symbol UEIC.

As of December 13, 2024, UEIC stock price declined to $11.47 with 55,412 million shares trading.

UEIC has a beta of 1.28, meaning it tends to be more sensitive to market movements. UEIC has a correlation of 0.09 to the broad based SPY ETF.

UEIC has a market cap of $149.43 million. This is considered a Micro Cap stock.

Last quarter Universal Electronics reported $102 million in Revenue and $.10 earnings per share. This fell short of revenue expectation by $-647,000 and missed earnings estimates by -$.02.

In the last 3 years, UEIC traded as high as $42.35 and as low as $7.02.

The top ETF exchange traded funds that UEIC belongs to (by Net Assets): VTI, AVUV, VXF, DFAT, BSVO.

UEIC has outperformed the market in the last year with a return of +48.2%, while the SPY ETF gained +29.9%. In the last 3 month period, UEIC beat the market returning +23.5%, while SPY returned +7.8%. However, in the most recent 2 weeks UEIC has underperformed the stock market by returning -0.9%, while SPY returned +0.3%.

UEIC support price is $11.13 and resistance is $11.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UEIC shares will trade within this expected range on the day.