Turtle Beach Corporation [NASDAQ: HEAR] gained 17.24% on the last trading session, reaching $13.67 price per share at the time. Turtle Beach Corporation represents 14.50 million in outstanding shares, while the company has a total market value of $197.39 million with the latest information. HEAR stock price has been found in the range of $13.21 to $15.90.
If compared to the average trading volume of 502.17K shares, HEAR reached a trading volume of 6306049 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Turtle Beach Corporation [HEAR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HEAR shares is $15.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HEAR stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wedbush have made an estimate for Turtle Beach Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 29, 2020. While these analysts kept the previous recommendation, Maxim Group dropped their target price from $22 to $16. The new note on the price target was released on February 13, 2020, representing the official price target for Turtle Beach Corporation stock. Previously, the target price had yet another drop from $26 to $22, while Maxim Group kept a Buy rating on HEAR stock. On March 15, 2019, analysts decreased their price target for HEAR shares from 28 to 26.
The Average True Range (ATR) for Turtle Beach Corporation is set at 0.94, with the Price to Sales ratio for HEAR stock in the period of the last 12 months amounting to 0.88. The Price to Book ratio for the last quarter was 3.30, with the Price to Cash per share for the same quarter was set at 0.60. Price to Free Cash Flow for HEAR in the course of the last twelve months was 14.41 with Quick ratio for the last quarter at 0.80.
Trading performance analysis for HEAR stock
Turtle Beach Corporation [HEAR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.46. With this latest performance, HEAR shares gained by 40.35% in over the last four-week period, additionally plugging by 55.52% over the last 6 months – not to mention a rise of 25.30% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HEAR stock in for the last two-week period is set at 74.98, with the RSI for the last a single of trading hit 80.45, and the three-weeks RSI is set at 70.88 for Turtle Beach Corporation [HEAR]. The present Moving Average for the last 50 days of trading for this stock 9.67, while it was recorded at 11.89 for the last single week of trading, and 8.88 for the last 200 days.
Turtle Beach Corporation [HEAR]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Turtle Beach Corporation [HEAR] shares currently have an operating margin of +5.94 and a Gross Margin at +32.16. Turtle Beach Corporation’s Net Margin is presently recorded at +7.65.
Return on Total Capital for HEAR is now 17.90, given the latest momentum, and Return on Invested Capital for the company is 35.13. Return on Equity for this stock inclined to 35.57, with Return on Assets sitting at 14.17. When it comes to the capital structure of this company, Turtle Beach Corporation [HEAR] has a Total Debt to Total Equity ratio set at 27.66. Additionally, HEAR Total Debt to Total Capital is recorded at 21.66, with Total Debt to Total Assets ending up at 13.35. Long-Term Debt to Equity for the company is recorded at 2.02, with the Long-Term Debt to Total Capital now at 1.58.
Reflecting on the efficiency of the workforce at the company, Turtle Beach Corporation [HEAR] managed to generate an average of $73,241 per employee. Receivables Turnover for the company is 4.82 with a Total Asset Turnover recorded at a value of 1.85.Turtle Beach Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 2.00.
Turtle Beach Corporation [HEAR]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Turtle Beach Corporation posted -0.16/share EPS, while the average EPS was predicted by analysts to be reported at -0.2/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 20.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HEAR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Turtle Beach Corporation go to 18.00%.
An analysis of insider ownership at Turtle Beach Corporation [HEAR]
There are presently around $153 million, or 42.10% of HEAR stock, in the hands of institutional investors. The top three institutional holders of HEAR stocks are: AWM INVESTMENT COMPANY, INC. with ownership of 7,625,543, which is approximately 602.463% of the company’s market cap and around 2.30% of the total institutional ownership; SYSTEMATIC FINANCIAL MANAGEMENT LP, holding 751,546 shares of the stock with an approximate value of $8.76 million in HEAR stocks shares; and VANGUARD GROUP INC, currently with $5.76 million in HEAR stock with ownership of nearly 7.677% of the company’s market capitalization.
Positions in Turtle Beach Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 50 institutional holders increased their position in Turtle Beach Corporation [NASDAQ:HEAR] by around 7,624,195 shares. Additionally, 57 investors decreased positions by around 1,683,790 shares, while 13 investors held positions by with 3,819,719 shares. The mentioned changes placed institutional holdings at 13,127,704 shares, according to the latest SEC report filing. HEAR stock had 21 new institutional investments in for a total of 524,852 shares, while 27 institutional investors sold positions of 733,128 shares during the same period.