At the time of writing, Turtle Beach Corp [HEAR] stock is trading at $17.75, up 3.38%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HEAR shares have gain 2.13% over the last week, with a monthly amount glided 60.92%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Turtle Beach Corp [NASDAQ: HEAR] stock has seen the most recent analyst activity on May 05, 2023, when Maxim Group reiterated its Buy rating and also boosted its price target to $16 from $10. Previously, ROTH Capital started tracking the stock with Buy rating on November 28, 2022, and set its price target to $18. On August 09, 2022, downgrade downgraded it’s rating to Perform. DA Davidson downgraded its rating to a Neutral and decreased its price target to $14 on August 09, 2022. Wedbush upgraded its rating to a Outperform but $27 remained the price target by the analyst firm on May 17, 2022. Wedbush downgraded its rating to Neutral for this stock on March 01, 2022, and downed its price target to $24. In a note dated January 07, 2022, Maxim Group reiterated an Buy rating on this stock and revised its target price from $42 to $40.
For the past year, the stock price of Turtle Beach Corp fluctuated between $7.97 and $18.45. Currently, Wall Street analysts expect the stock to reach $18 within the next 12 months. Turtle Beach Corp [NASDAQ: HEAR] shares were valued at $17.75 at the most recent close of the market. An investor can expect a potential return of 1.41% based on the average HEAR price forecast.
Analyzing the HEAR fundamentals
According to Turtle Beach Corp [NASDAQ:HEAR], the company’s sales were 258.12M for trailing twelve months, which represents an -1.35% plunge. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -0.22 and Total Capital is -0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.75 points at the first support level, and at 15.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.33, and for the 2nd resistance point, it is at 18.92.
Turtle Beach Corp [HEAR] reported earnings per share of $0.56 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.6/share, meaning a difference of -$0.04 and a surprise factor of -6.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.05 per share as compared to estimates of -$0.25 per share, a difference of $0.2 representing a surprise of 80.00%.
Ratios To Look Out For
It is important to note that Turtle Beach Corp [NASDAQ:HEAR] has a current ratio of 2.22. In addition, the Quick Ratio stands at 1.43 and the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 1.21, the price to book ratio is 3.66.
Transactions by insiders
Recent insider trading involved Scherping Katherine Lee, Director, that happened on Jun 05 ’23 when 500.0 shares were purchased. Director, Scherping Katherine Lee completed a deal on Jun 02 ’23 to buy 500.0 shares. Meanwhile, Director Jimenez Terry bought 2500.0 shares on May 19 ’23.
