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Best Consumer Electronic Stocks to Buy Now (2022)

Top consumer electronic stocks in 2022 ranked by overall Zen Score. See the best consumer electronic stocks to buy now, according to analyst forecasts for the consumer electronics industry.

According to Zen Score, the 3 best consumer electronic stocks to buy right now are:

SONOS (NASDAQ:SONO) is the top consumer electronic stock with a Zen Score of 75, which is 40 points higher than the consumer electronic industry average of 35. It passed 24 out of 33 due diligence checks and has strong fundamentals. SONOS has seen its stock lose -45.75% over the past year, underperforming other consumer electronic stocks by -9 percentage points.

SONOS has an average 1 year price target of $48.00, an upside of 145.65% from SONOS's current stock price of $19.54.

SONOS stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering SONOS, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

GOPRO (NASDAQ:GPRO) is the second best consumer electronic stock with a Zen Score of 55, which is 20 points higher than the consumer electronic industry average of 35. It passed 17 out of 33 due diligence checks and has strong fundamentals. GOPRO has seen its stock lose -40.59% over the past year, underperforming other consumer electronic stocks by -4 percentage points.

GOPRO has an average 1 year price target of $11.90, an upside of 89.49% from GOPRO's current stock price of $6.28.

GOPRO stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering GOPRO, 40% have issued a Strong Buy rating, 20% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

VIOMI TECHNOLOGY (NASDAQ:VIOT) is the third best consumer electronic stock with a Zen Score of 54, which is 19 points higher than the consumer electronic industry average of 35. It passed 21 out of 38 due diligence checks and has strong fundamentals. VIOMI TECHNOLOGY has seen its stock lose -80.55% over the past year, underperforming other consumer electronic stocks by -44 percentage points.

VIOMI TECHNOLOGY has an average 1 year price target of $9.50, an upside of 569.01% from VIOMI TECHNOLOGY's current stock price of $1.42.

VIOMI TECHNOLOGY stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering VIOMI TECHNOLOGY, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 2 consumer electronic stocks that have issued dividends in the past year, the 2 consumer electronic stocks with the highest dividend yields are:

HAMILTON BEACH BRANDS HOLDING (NYSE:HBB) has an annual dividend yield of 4.16%, which is 2 percentage points higher than the consumer electronic industry average of 2.4%. HAMILTON BEACH BRANDS HOLDING's dividend payout is stable, having never dropped by more than 10% in the last 10 years. HAMILTON BEACH BRANDS HOLDING's dividend has shown consistent growth over the last 10 years.

HAMILTON BEACH BRANDS HOLDING's dividend payout ratio of 21.6% indicates that its high dividend yield is sustainable for the long-term.

Apple (NASDAQ:AAPL) has an annual dividend yield of 0.63%, which is -2 percentage points lower than the consumer electronic industry average of 2.4%. Apple's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Apple's dividend has shown consistent growth over the last 10 years.

Apple's dividend payout ratio of 14.2% indicates that its dividend yield is sustainable for the long-term.

Consumer electronic stocks were down -3.46% in the last day, and down -6.17% over the last week. SONOS was the among the top losers in the consumer electronics industry, dropping -6.77% yesterday.

Shares of retail and e-commerce companies are trading lower In sympathy with Abercrombie, which fell following its Q1 report amid increased freight costs. Retail earnings have been largely negative in recent weeks amid supply chain issues.

Based on WallStreetZen's Valuation Score, the 3 most undervalued consumer electronic stocks right now are:

SONOS (NASDAQ:SONO) is the most undervalued consumer electronic stock based on WallStreetZen's Valuation Score. SONOS has a valuation score of 100, which is 58 points higher than the consumer electronic industry average of 42. It passed 7 out of 7 valuation due diligence checks.

SONOS's stock has dropped -45.75% in the past year. It has underperformed other stocks in the consumer electronic industry by -9 percentage points.

VIOMI TECHNOLOGY (NASDAQ:VIOT) is the second most undervalued consumer electronic stock based on WallStreetZen's Valuation Score. VIOMI TECHNOLOGY has a valuation score of 100, which is 58 points higher than the consumer electronic industry average of 42. It passed 7 out of 7 valuation due diligence checks.

VIOMI TECHNOLOGY's stock has dropped -80.55% in the past year. It has underperformed other stocks in the consumer electronic industry by -44 percentage points.

GOPRO (NASDAQ:GPRO) is the third most undervalued consumer electronic stock based on WallStreetZen's Valuation Score. GOPRO has a valuation score of 71, which is 29 points higher than the consumer electronic industry average of 42. It passed 5 out of 7 valuation due diligence checks.

GOPRO's stock has dropped -40.59% in the past year. It has underperformed other stocks in the consumer electronic industry by -4 percentage points.