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Best Consumer Electronic Stocks to Buy Now (2023)

Top consumer electronic stocks in 2023 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:

Koss (NASDAQ:KOSS) is the top consumer electronic stock with a Zen Score of 51, which is 23 points higher than the consumer electronic industry average of 28. It passed 20 out of 38 due diligence checks and has strong fundamentals. Koss has seen its stock lose -49.56% over the past year, underperforming other consumer electronic stocks by -28 percentage points.

Hamilton Beach Brands Holding Co (NYSE:HBB) is the second best consumer electronic stock with a Zen Score of 51, which is 23 points higher than the consumer electronic industry average of 28. It passed 17 out of 38 due diligence checks and has strong fundamentals. Hamilton Beach Brands Holding Co has seen its stock lose -11.95% over the past year, overperforming other consumer electronic stocks by 10 percentage points.

Sonos (NASDAQ:SONO) is the third best consumer electronic stock with a Zen Score of 38, which is 10 points higher than the consumer electronic industry average of 28. It passed 12 out of 33 due diligence checks and has average fundamentals. Sonos has seen its stock lose -30.47% over the past year, underperforming other consumer electronic stocks by -9 percentage points.

Sonos has an average 1 year price target of $20.00, an upside of 1.94% from Sonos's current stock price of $19.62.

Sonos stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Sonos, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% 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 Co (NYSE:HBB) has an annual dividend yield of 4.1%, which is 2 percentage points higher than the consumer electronic industry average of 2.38%. Hamilton Beach Brands Holding Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Hamilton Beach Brands Holding Co's dividend has shown consistent growth over the last 10 years.

Hamilton Beach Brands Holding Co's dividend payout ratio of 23.2% indicates that its dividend yield is sustainable for the long-term.

Apple (NASDAQ:AAPL) has an annual dividend yield of 0.66%, which is -2 percentage points lower than the consumer electronic industry average of 2.38%. Apple's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Apple's dividend has shown consistent growth over the last 10 years.

Apple's dividend payout ratio of 18.2% indicates that its dividend yield is sustainable for the long-term.

Consumer electronic stocks were up 1.65% in the last day, and up 2.62% over the last week.

We couldn't find a catalyst for why consumer electronic stocks are up.

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

Koss (NASDAQ:KOSS) is the most undervalued consumer electronic stock based on WallStreetZen's Valuation Score. Koss has a valuation score of 86, which is 54 points higher than the consumer electronic industry average of 32. It passed 6 out of 7 valuation due diligence checks.

Koss's stock has dropped -49.56% in the past year. It has underperformed other stocks in the consumer electronic industry by -28 percentage points.

Hamilton Beach Brands Holding Co (NYSE:HBB) is the second most undervalued consumer electronic stock based on WallStreetZen's Valuation Score. Hamilton Beach Brands Holding Co has a valuation score of 71, which is 39 points higher than the consumer electronic industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Hamilton Beach Brands Holding Co's stock has dropped -11.95% in the past year. It has overperformed other stocks in the consumer electronic industry by 10 percentage points.

Aterian (NASDAQ:ATER) is the third most undervalued consumer electronic stock based on WallStreetZen's Valuation Score. Aterian has a valuation score of 43, which is 11 points higher than the consumer electronic industry average of 32. It passed 3 out of 7 valuation due diligence checks.

Aterian's stock has dropped -64.61% in the past year. It has underperformed other stocks in the consumer electronic industry by -43 percentage points.