Turtle Beach Corp [HEAR] stock is trading at $18.21, up 5.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The HEAR shares have gain 15.40% over the last week, with a monthly amount glided 14.03%, 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 [HEAR] stock has fluctuated between $9.77 and $18.45 over the past year. Currently, Wall Street analysts expect the stock to reach $20.25 within the next 12 months. Turtle Beach Corp [NASDAQ: HEAR] shares were valued at $18.21 at the most recent close of the market. An investor can expect a potential return of 11.2% based on the average HEAR price forecast.
Analyzing the HEAR fundamentals
Turtle Beach Corp [NASDAQ:HEAR] reported sales of 326.23M for the trailing twelve months, which represents a growth of 59.51%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at -0.0%, 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 0.04 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.02.
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 17.32 points at the first support level, and at 16.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.74, and for the 2nd resistance point, it is at 19.27.
Ratios To Look Out For
For context, Turtle Beach Corp’s Current Ratio is 1.26. On the other hand, the Quick Ratio is 0.60, and the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 1.15, the price to book ratio is 3.59 and price to earnings (TTM) ratio is 65.53.
Transactions by insiders
Recent insider trading involved Ballard Lloyd Gregory, Director, that happened on Nov 21 ’24 when 5542.0 shares were sold. CEO, Keirn Cris completed a deal on Nov 20 ’24 to buy 3000.0 shares. Meanwhile, Director LLOYD GREGORY BALLARD bought 5542.0 shares on Nov 21 ’24.
