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 April 24, 2024, UEIC stock price climbed to $9.80 with 20,330 million shares trading.

UEIC has a beta of 0.66, meaning it tends to be less sensitive to market movements. UEIC has a correlation of 0.03 to the broad based SPY ETF.

UEIC has a market cap of $127.09 million. This is considered a Micro Cap stock.

Last quarter Universal Electronics reported $98 million in Revenue and $.07 earnings per share. This beat revenue expectation by $664,000 and exceeded earnings estimates by $.08.

In the last 3 years, UEIC stock traded as high as $59.33 and as low as $7.02.

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

UEIC has underperformed the market in the last year with a price return of -3.3% while the SPY ETF gained +24.2%. UEIC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.2% and -7.5%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

UEIC support price is $9.34 and resistance is $10.14 (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 stock will trade within this expected range on the day.