Turtle Beach Corp (NASDAQ: HEAR)’s stock price has increased by 5.17 compared to its previous closing price of 14.71. However, the company has seen a 8.18% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that Boasting a Zacks Rank #1 (Strong Buy), here are two tech stocks to consider after crushing Q1 EPS estimates on Tuesday, May 7.
Is It Worth Investing in Turtle Beach Corp (NASDAQ: HEAR) Right Now?
Company’s 36-month beta value is 2.19.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for HEAR is 14.51M, and currently, short sellers hold a 5.14% ratio of that floaft. The average trading volume of HEAR on May 09, 2024 was 373.63K shares.
HEAR’s Market Performance
HEAR stock saw a decrease of 8.18% in the past week, with a monthly decline of -7.25% and a quarterly a decrease of 33.94%. The volatility ratio for the week is 7.24%, and the volatility levels for the last 30 days are 4.68% for Turtle Beach Corp (HEAR). The simple moving average for the past 20 days is 3.61% for HEAR’s stock, with a 34.98% simple moving average for the past 200 days.
Analysts’ Opinion of HEAR
Many brokerage firms have already submitted their reports for HEAR stocks, with Maxim Group repeating the rating for HEAR by listing it as a “Buy.” The predicted price for HEAR in the upcoming period, according to Maxim Group is $16 based on the research report published on May 05, 2023 of the previous year 2023.
ROTH Capital, on the other hand, stated in their research note that they expect to see HEAR reach a price target of $18. The rating they have provided for HEAR stocks is “Buy” according to the report published on November 28th, 2022.
HEAR Trading at 5.88% from the 50-Day Moving Average
After a stumble in the market that brought HEAR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.15% of loss for the given period.
Volatility was left at 4.68%, however, over the last 30 days, the volatility rate increased by 7.24%, as shares sank -6.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.80% upper at present.
During the last 5 trading sessions, HEAR rose by +8.18%, which changed the moving average for the period of 200-days by +49.90% in comparison to the 20-day moving average, which settled at $14.88. In addition, Turtle Beach Corp saw 41.28% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HEAR starting from Scherping Katherine Lee, who purchase 500 shares at the price of $10.75 back on Jun 05 ’23. After this action, Scherping Katherine Lee now owns 15,857 shares of Turtle Beach Corp, valued at $5,375 using the latest closing price.
Scherping Katherine Lee, the Director of Turtle Beach Corp, purchase 500 shares at $11.00 during a trade that took place back on Jun 02 ’23, which means that Scherping Katherine Lee is holding 15,357 shares at $5,500 based on the most recent closing price.
Stock Fundamentals for HEAR
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.3 for the gross margin
The net margin for Turtle Beach Corp stands at -0.04. The total capital return value is set at -0.08. Equity return is now at value -10.30, with -5.34 for asset returns.
Based on Turtle Beach Corp (HEAR), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.55. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is -30.66.
Currently, EBITDA for the company is -9.89 million with net debt to EBITDA at -2.22. When we switch over and look at the enterprise to sales, we see a ratio of 1.38. The receivables turnover for the company is 6.12for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.83.
Conclusion
In a nutshell, Turtle Beach Corp (HEAR) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
