Last Updated: 14 Sep 2024
Executive Summary
VOXX International Corporation (VOXX) is a publicly traded company that designs, manufactures, and distributes automotive, consumer electronics, and biometric electronics globally. The company's stock is currently trading at $5.91, with a market capitalization of $132.8 million. VOXX has been facing challenges in recent years, including declining sales and profitability. However, the company has taken steps to address these challenges, and analysts are cautiously optimistic about its long-term prospects.
Company Overview
VOXX International Corporation was founded in 1985 and is headquartered in Orlando, Florida. The company has a global presence, with operations in the United States, Europe, and Asia. VOXX's products are sold through a variety of channels, including retail stores, e-commerce platforms, and automotive dealerships.
The company's automotive segment is its largest business, accounting for approximately 60% of total revenue. VOXX manufactures a variety of automotive products, including audio systems, video systems, and navigation systems. The company's consumer electronics segment accounts for approximately 30% of total revenue. VOXX manufactures a variety of consumer electronics products, including headphones, speakers, and home audio systems. The company's biometric electronics segment accounts for the remaining 10% of total revenue. VOXX manufactures a variety of biometric electronics products, including fingerprint scanners and facial recognition systems.
Fundamental Analysis
VOXX International Corporation has been facing challenges in recent years, including declining sales and profitability. The company's revenue has declined from $503.4 million in 2019 to $448.6 million in 2023. The company's net income has also declined, from $10.9 million in 2019 to a loss of $10.9 million in 2023.
The company's declining sales and profitability have been attributed to a number of factors, including the COVID-19 pandemic, supply chain disruptions, and increased competition. The COVID-19 pandemic has had a significant impact on the automotive industry, as consumers have been reluctant to purchase new vehicles. Supply chain disruptions have also made it difficult for VOXX to obtain the components it needs to manufacture its products. Increased competition from both domestic and international companies has also put pressure on VOXX's margins.
Despite these challenges, VOXX has taken steps to address its problems. The company has reduced its costs, and it is investing in new products and technologies. VOXX is also expanding its presence in international markets.
Technical Analysis
VOXX International Corporation's stock price has been in a downtrend since early 2022. The stock price fell from a high of $11.74 in January 2022 to a low of $2.27 in October 2022. The stock price has since rebounded, but it is still trading below its 50-day and 200-day moving averages.
The technical analysis of VOXX's stock price suggests that the stock is in a weak trend. The stock price is below its moving averages, and it is trading in a range. This suggests that the stock is likely to continue to trade in a range until there is a breakout above or below the range.
Short Term Outlook
The short-term outlook for VOXX International Corporation is mixed. The company is facing a number of challenges, but it has also taken steps to address these challenges. The stock price is currently trading in a range, and it is likely to continue to trade in a range until there is a breakout above or below the range.
Long Term Outlook
The long-term outlook for VOXX International Corporation is more positive. The company has a strong brand, a global presence, and a diversified product portfolio. The company is also investing in new products and technologies, and it is expanding its presence in international markets. These factors suggest that VOXX is well-positioned for long-term growth.
Analyst Recommendations
Analysts are cautiously optimistic about VOXX International Corporation's long-term prospects. The company has a number of challenges, but it has also taken steps to address these challenges. Analysts believe that VOXX is well-positioned for long-term growth, and they recommend that investors consider buying the stock at current levels.
