According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best consumer electronic stocks to buy right now are:
1. Universal Electronics (NASDAQ:UEIC)
The Component Grade breakdown for Universal Electronics (NASDAQ:UEIC) is: Value: C, Growth: C, Momentum: B, Sentiment: A, Safety: C, Financials: C, and AI: C.
Universal Electronics (NASDAQ:UEIC) has a Due Diligence Score of 23, which is -2 points lower than the consumer electronic industry average of 25. Although this number is below the industry average, our proven quant model rates UEIC as a "B".
UEIC passed 8 out of 38 due diligence checks and has weak fundamentals. Universal Electronics has seen its stock return 20.38% over the past year, overperforming other consumer electronic stocks by 113 percentage points.
Universal Electronics has an average 1 year
price target of $5.00, a downside of -11.82% from Universal Electronics's current stock price of $5.67.
Universal Electronics stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Universal Electronics, 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.
2. Sonos (NASDAQ:SONO)
Sonos (NASDAQ:SONO) is the #2 top consumer electronic stock out of 17 with a Zen Rating of B. Stocks with a rating of B have had an average return of +17.17% per year.
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The Component Grade breakdown for Sonos (NASDAQ:SONO) is: Value: C, Growth: B, Momentum: C, Sentiment: A, Safety: C, Financials: A, and AI: C.
Sonos (NASDAQ:SONO) has a Due Diligence Score of 45, which is 20 points higher than the consumer electronic industry average of 25.
SONO passed 14 out of 33 due diligence checks and has strong fundamentals. Sonos has seen its stock return 5.36% over the past year, overperforming other consumer electronic stocks by 98 percentage points.
Sonos has an average 1 year
price target of $21.00, an upside of 18.64% from Sonos's current stock price of $17.70.
Sonos stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst 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.
3. Turtle Beach (NASDAQ:TBCH)
Turtle Beach (NASDAQ:TBCH) is the #3 top consumer electronic stock out of 17 with a Zen Rating of B. Stocks with a rating of B have had an average return of +17.17% per year.
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The Component Grade breakdown for Turtle Beach (NASDAQ:TBCH) is: Value: B, Growth: B, Momentum: C, Sentiment: D, Safety: C, Financials: B, and AI: C.
Turtle Beach (NASDAQ:TBCH) has a Due Diligence Score of 22, which is -3 points lower than the consumer electronic industry average of 25. Although this number is below the industry average, our proven quant model rates TBCH as a "B".
TBCH passed 7 out of 33 due diligence checks and has weak fundamentals. Turtle Beach has seen its stock lose -9.1% over the past year, overperforming other consumer electronic stocks by 84 percentage points.