A share price of Turtle Beach Corp [HEAR] is currently trading at $16.51, up 8.83%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HEAR shares have gain 10.07% over the last week, with a monthly amount glided 13.86%, 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 August 09, 2024, when Oppenheimer upgraded its rating to a Outperform but kept the price target unchanged to $17 for it. Previously, Maxim Group reaffirmed its Buy rating on May 05, 2023, and elevated its price target to $16. On November 28, 2022, ROTH Capital initiated with a Buy rating and assigned a price target of $18 on the stock. Oppenheimer downgraded its rating to a Perform. DA Davidson downgraded its rating to a Neutral and reduced its price target to $14 on August 09, 2022. Wedbush upgraded its rating to Outperform for this stock on May 17, 2022, but kept the price target unchanged to $27. In a note dated March 01, 2022, Wedbush downgraded an Neutral rating on this stock and revised its target price from $27 to $24.
Turtle Beach Corp experienced fluctuations in its stock price throughout the past year between $7.97 and $18.45. Currently, Wall Street analysts expect the stock to reach $20.33 within the next 12 months. Turtle Beach Corp [NASDAQ: HEAR] shares were valued at $16.51 at the most recent close of the market. An investor can expect a potential return of 23.14% based on the average HEAR price forecast.
Analyzing the HEAR fundamentals
Trailing Twelve Months sales for Turtle Beach Corp [NASDAQ:HEAR] were 291.02M which represents 59.39% growth. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.68.
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 15.38 points at the first support level, and at 14.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.44, and for the 2nd resistance point, it is at 18.37.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Turtle Beach Corp [NASDAQ:HEAR] is 1.39. As well, the Quick Ratio is 0.68, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 1.18, the price to book ratio is 3.26.
Transactions by insiders
Recent insider trading involved Wyatt William Z, Director, that happened on Aug 15 ’24 when 20000.0 shares were purchased. Director, Jimenez Terry completed a deal on Jun 11 ’24 to buy 2250.0 shares. Meanwhile, Director Jimenez Terry bought 2750.0 shares on Jun 07 ’24.
