An Analysis Of Turtle Beach Corporation (HEAR)’s Weekly Performance


As of Wednesday close, Turtle Beach Corporation’s (NASDAQ:HEAR) stock was up $0.35, moving up 3.92 percent to $9.28. The average number of shares traded per day over the past five days has been 212,600 shares. 3 times new highs have been achieved over the past 5 days, with a $0.42 gain in that time frame. In the last twenty days, the average volume was 317,305, while in the previous 50 days, it was 268,270.

Since last month, HEAR stock rose 33.53%. Shares of the company fell to $6.22 on 11/03/22, the lowest level in the past month. A 52-week high of $28.48 was reached on 02/28/22 after having rallying from a 52-week low of $6.22. Since the beginning of this year, HEAR’s stock price has dropped by -58.31% or -$12.98, and marked a new high 6 times. However, the stock has declined by -67.42% since its 52-week high.

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HEAR stock investors should be aware that Turtle Beach Corporation (HEAR) stock had its last reported insider trading activity 6 days ago on Nov 18. Ballard Lloyd Gregory, the Director of the company, purchased of 7,800 shares for $9.15 on Nov 18. It resulted in a $71,370 investment by the insider. Wolfe Andrew sold 1,625 shares at an average price of $18.96 on Mar 10. The insider now owns 61,999 shares following the transaction. On Feb 10, Director Wolfe Andrew sold 1,600 shares at $21.88 apiece. The transaction was valued at $35,008.

Valuation Metrics

The stock’s beta is 1.81. Besides these, the trailing price-to-sales (P/S) ratio of 0.61, the price-to-book (PB) ratio of 1.40.

Financial Health

In the three months ended June 29, Turtle Beach Corporation’s quick ratio stood at 0.50, while its current ratio was 1.80, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 26.00% percent. In the year ended June 29, operating margins totaled -14.90%. Based on annual data, HEAR earned $128.38 million in gross profit and brought in $366.35 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.70%. Return on equity (ROE) for the past 12 months was -25.10%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HEAR’s revenue fell -66.3% to $41.3 million during the quarter, while net income inched up to $51.3 million. While analysts expected Turtle Beach Corporation to report -$0.47 quarterly earnings, the actual figure was -$0.77 per share, beating the consensus estimate by -63.80%. During the quarter, the company generated -$12.27 million in EBITDA. The liabilities of Turtle Beach Corporation were 107.95 million at the end of its most recent quarter ended June 29, and its total debt was $23.91 million. The value of shareholders’ equity is $16.56 million.

Technical Picture

This quick technical analysis looks at Turtle Beach Corporation’s (HEAR) price momentum. With a historical volatility rate of 51.15%, the RSI 9-day stood at 67.55% on 23 November.

With respect to its five-day moving average, the current Turtle Beach Corporation price is up by +4.74% percent or $0.42. At present, HEAR shares trade +30.70% above its 20-day simple moving average and -25.64% percent below its 100-day simple moving average. However, the stock is currently trading approximately +13.87% above its SMA50 and -57.04% below its SMA200.

Stochastic coefficient K was 78.28% and Stochastic coefficient D was 77.22%, while ATR was 0.51. Given the Stochastic reading of 82.14% for the 14-day period, the RSI (14) reading has been calculated as 63.95%.

Analyst Ratings

Turtle Beach Corporation downgraded its rating on Turtle Beach Corporation (NASDAQ: HEAR) to a Perform in a note to investors on August 09, 2022. The analysts firm previously had an Outperform rating on the stock.Turtle Beach Corporation (HEAR) has been rated Overweight by analysts. According to 0 brokerage firms, HEAR is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Turtle Beach Corporation stock as buy, with 4 recommending it as overweight.

With a median target price of $10.00, the current consensus forecast for the stock is $7.50 – $18.00. Based on these forecasts, analysts predict Turtle Beach Corporation (HEAR) will achieve an average price target of $11.30.


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