Market cap of Turtle Beach Corporation [HEAR] reaches 437.22M – now what?

Turtle Beach Corporation [NASDAQ: HEAR] gained 11.82% on the last trading session, reaching $27.62 price per share at the time. The company report on April 21, 2021 that Turtle Beach Corporation To Report First Quarter 2021 Financial Results On Wednesday, May 5, 2021.

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Turtle Beach Corporation (Nasdaq: HEAR), a leading gaming accessory business, announced it will report financial results for the first quarter 2021 on Wednesday, May 5, 2021.

The Company’s financial results for the period will be reported via press release after the close of regular stock market trading hours, followed by a conference call at 5:00 p.m. ET / 2:00 p.m. PT with the Company’s Chairman and CEO, Juergen Stark, and CFO, John Hanson.

Turtle Beach Corporation represents 15.28 million in outstanding shares, while the company has a total market value of $437.22 million with the latest information. HEAR stock price has been found in the range of $26.10 to $27.71.

If compared to the average trading volume of 549.25K shares, HEAR reached a trading volume of 1042581 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $39.67 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 1.50. 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.

Maxim Group have made an estimate for Turtle Beach Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 06, 2020. The new note on the price target was released on November 02, 2020, representing the official price target for Turtle Beach Corporation stock. Previously, the target price had yet another raise to $23.50, while Stifel analysts kept a Buy rating on HEAR stock. On August 07, 2020, analysts increased their price target for HEAR shares from 20 to 26.

The Average True Range (ATR) for Turtle Beach Corporation is set at 1.56, with the Price to Sales ratio for HEAR stock in the period of the last 12 months amounting to 1.21. The Price to Book ratio for the last quarter was 3.62, with the Price to Cash per share for the same quarter was set at 2.95. Price to Free Cash Flow for HEAR in the course of the last twelve months was 9.65 with Quick ratio for the last quarter at 1.30.

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 2.98. With this latest performance, HEAR shares dropped by -3.63% in over the last four-week period, additionally plugging by 55.34% over the last 6 months – not to mention a rise of 234.79% 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 52.44, with the RSI for the last a single of trading hit 55.74, and the three-weeks RSI is set at 51.32 for Turtle Beach Corporation [HEAR]. The present Moving Average for the last 50 days of trading for this stock 28.50, while it was recorded at 25.97 for the last single week of trading, and 22.13 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 +13.81 and a Gross Margin at +36.35. Turtle Beach Corporation’s Net Margin is presently recorded at +10.76.

Return on Total Capital for HEAR is now 48.90, given the latest momentum, and Return on Invested Capital for the company is 41.62. Return on Equity for this stock inclined to 43.10, with Return on Assets sitting at 23.15. When it comes to the capital structure of this company, Turtle Beach Corporation [HEAR] has a Total Debt to Total Equity ratio set at 5.18. Additionally, HEAR Total Debt to Total Capital is recorded at 4.92, with Total Debt to Total Assets ending up at 2.96. Long-Term Debt to Equity for the company is recorded at 4.41, with the Long-Term Debt to Total Capital now at 4.19.

Reflecting on the efficiency of the workforce at the company, Turtle Beach Corporation [HEAR] managed to generate an average of $129,153 per employee. Receivables Turnover for the company is 8.15 with a Total Asset Turnover recorded at a value of 2.15.Turtle Beach Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 2.20.

Turtle Beach Corporation [HEAR]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Turtle Beach Corporation posted -0.23/share EPS, while the average EPS was predicted by analysts to be reported at -0.72/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 68.10%. 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 16.00%.

An analysis of insider ownership at Turtle Beach Corporation [HEAR]

There are presently around $314 million, or 70.90% 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 1,095,543, which is approximately 0% of the company’s market cap and around 1.90% of the total institutional ownership; BLACKROCK INC., holding 985,620 shares of the stock with an approximate value of $27.22 million in HEAR stocks shares; and VANGUARD GROUP INC, currently with $20.93 million in HEAR stock with ownership of nearly 9.199% of the company’s market capitalization.

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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 87 institutional holders increased their position in Turtle Beach Corporation [NASDAQ:HEAR] by around 2,011,861 shares. Additionally, 54 investors decreased positions by around 1,132,509 shares, while 16 investors held positions by with 8,218,646 shares. The mentioned changes placed institutional holdings at 11,363,016 shares, according to the latest SEC report filing. HEAR stock had 33 new institutional investments in for a total of 584,074 shares, while 15 institutional investors sold positions of 453,360 shares during the same period.

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