How to Buy Universal Electronics Stock
Universal Electronics Inc
Universal Electronics Inc. designs, develops, manufactures, and sells pre-programmed and universal control products, audio-video (AV) accessories, and intelligent wireless security and smart home products for video services, consumer electronics, security, home automation, climate control, and home appliance markets.
Universal Electronics stock last closed at $10.23, up 5.36% from the previous day, and has increased 0.79% in one year. It has overperformed other stocks in the Consumer Electronics industry by 0.06 percentage points. Universal Electronics stock is currently +45.73% from its 52-week low of $7.02, and -13.6% from its 52-week high of $11.84.
There are currently 12.97M shares of UEIC outstanding. The market cap of UEIC is $132.66M. In the past 24 hours, 36,124 UEIC shares were traded.
How to Buy Universal Electronics Stock
Wondering how to invest in Universal Electronics stock? Here's how.
- Choose where to buy Universal Electronics stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you figure out where to buy Universal Electronics stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Choose your method of payment and add your info.
- Analyze Universal Electronics stock: The Universal Electronics ticker symbol is UEIC. Is Universal Electronics stock a good investment? Should you buy shares of UEIC? How do UEIC's underlying business fundamentals look? Do top analysts think Universal Electronics is a good buy? Why has UEIC's stock price moved recently? (Hint: Our stock analysis website can help you understand if UEIC is a good stock to buy).
- Execute your UEIC trade: Decide if you will purchase UEIC shares at the current market price or use a limit order to buy UEIC stock at a specific price.
- Monitor your UEIC position: Create a watchlist to important updates regarding your new investment in Universal Electronics shares.
Step 1: Choose where to buy Universal Electronics stock
You will need a brokerage account to access the NASDAQ market and buy UEIC shares.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best place to buy stocks. eToro gives you:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to world markets: From Tech to Utilities, New York to Tokyo — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by opening an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal information so you can invest in UEIC stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start a new brokerage account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've opened your account on the stocks app, your next step is to transfer the money for your investment:
Watch the tutorial below to see the process of depositing money into your new investment account.
Step 4: Analyze Universal Electronics stock
After you have chosen the best place to buy Universal Electronics stock, it's important to analyze their stock before you buy, so you truly understand the risk as well as the opportunity.
Universal Electronics Metrics
UEIC Overview
WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on UEIC's stock page.
Is UEIC stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge UEIC's true value.
Using relative valuations metrics:
- UEIC may be undervalued based on its P/B ratio of 0.74x, relative to Consumer Electronics industry P/B ratio of 20.71x
You can access additional valuation research on UEIC's stock here.
UEIC Financial Overview
Pros:
- There are more short-term assets than short-term liabilities on the UEIC balance sheet.
- UEIC's operating cash flow of $25.19M allows it to safely service it's debt of $67.56M.
- Total UEIC debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the UEIC balance sheet.
Cons:
- UEIC earnings of -$87.92M is not enough to cover its interest payments.
- UEIC profit margin has gone down from 0.1% to -23.4% in the past year.
- UEIC has a relatively high debt to equity ratio of 0.99.
Is Universal Electronics stock a Buy, Hold, or Sell, according to analysts?
Out of 2 Wall Street analysts who give forecasts on UEIC, the consensus analyst rating on Universal Electronics is a Hold
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Universal Electronics stock forecast page.
UEIC Momentum
How is UEIC performing as a company?
Last year, UEIC revenue was $420.46M. Over the last five year, UEIC's revenue has grown by -9.17% per year. This was slower than the Consumer Electronics industry average of 7.84%.
You can research UEIC's earnings and revenue performance here.
Are UEIC insiders buying or selling the stock?
Over the past year, insiders at UEIC have bought more shares than they have sold.
Richard K. Carnifax, S.V.P. Global Operations of UEIC, was the latest UEIC insider to sell. They sold $3,317.48 worth of UEIC stock on Feb 25, 2024.
Dig into more about who owns UEIC stock here.
Can I get consistent income from UEIC stock?
No, Universal Electronics doesn't provide an income stream by paying out dividends.
What others are saying about UEIC
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your UEIC trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount limit, use a limit order.
Press the Open button and eToro will place your order.
If you want more info about buying stocks on eToro, click the helpful video below:
Step 6: Monitor your UEIC position
Now that you own some UEIC shares, you'll want to keep up with your new investment.
Add UEIC to a watchlist to get notified of important updates regarding your UEIC stock.
UEIC Feed
How to Buy Stock in Universal Electronics
To summarize, here are the 6 steps to buy stock in Universal Electronics:
- Choose where to buy Universal Electronics stock
- Open your brokerage account
- Deposit money your brokerage account
- Analyze Universal Electronics stock
- Execute your UEIC trade
- Monitor your UEIC position
If you require a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep an eye on your investment in Universal Electronics, add UEIC to your watchlist by clicking the button below.
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