Is Turtle Beach Corporation (NASDAQ:HEAR) an excellent stock to buy at the moment?

The price of Turtle Beach Corporation (NASDAQ: HEAR) closed at $9.28 in the last session, up 3.92% from day before closing price of $8.93. In other words, the price has increased by $+0.35 from its previous closing price. On the day, 252314 shares were traded. HEAR stock price reached its highest trading level at $9.35 during the session, while it also had its lowest trading level at $9.08.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored

Ratios:

We take a closer look at HEAR’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

On August 09, 2022, DA Davidson Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $25 to $14.

Wedbush Upgraded its Neutral to Outperform on May 17, 2022, while the target price for the stock was maintained at $27.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 18 when Ballard Lloyd Gregory bought 7,800 shares for $9.15 per share. The transaction valued at 71,370 led to the insider holds 46,522 shares of the business.

Wolfe Andrew sold 1,625 shares of HEAR for $30,810 on Mar 10. The Director now owns 61,999 shares after completing the transaction at $18.96 per share. On Feb 10, another insider, Wolfe Andrew, who serves as the Director of the company, sold 1,600 shares for $21.88 each. As a result, the insider received 35,008 and left with 63,624 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.61 while its Price-to-Book (P/B) ratio in mrq is 1.40.

Stock Price History:

Over the past 52 weeks, HEAR has reached a high of $28.48, while it has fallen to a 52-week low of $6.22. The 50-Day Moving Average of the stock is 7.58, while the 200-Day Moving Average is calculated to be 13.88.

Shares Statistics:

According to the various share statistics, HEAR traded on average about 272.41K shares per day over the past 3-months and 284.21k shares per day over the past 10 days. A total of 16.54M shares are outstanding, with a floating share count of 15.41M. Insiders hold about 1.10% of the company’s shares, while institutions hold 73.80% stake in the company. Shares short for HEAR as of Oct 13, 2022 were 1.61M with a Short Ratio of 1.56M, compared to 1.91M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 9.73% and a Short% of Float of 9.98%.

Earnings Estimates

The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.37 for the current quarter, with a high estimate of $0.24 and a low estimate of -$0.56, while EPS last year was $0.26. The consensus estimate for the next quarter is $0.49, with high estimates of $1.42 and low estimates of $0.24.

Analysts are recommending an EPS of between $0.77 and -$1.35 for the fiscal current year, implying an average EPS of -$0.93. EPS for the following year is $0.58, with 6 analysts recommending between $1.18 and $0.

Revenue Estimates

According to 6 analysts, the current quarter’s revenue is expected to be $55.18M. It ranges from a high estimate of $91.1M to a low estimate of $46.8M. As of the current estimate, Turtle Beach Corporation’s year-ago sales were $85.31M, an estimated decrease of -35.30% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $128.42M, an increase of 17.40% over than the figure of -$35.30% in the same quarter last year. There is a high estimate of $175.1M for the next quarter, whereas the lowest estimate is $113.8M.

A total of 6 analysts have provided revenue estimates for HEAR’s current fiscal year. The highest revenue estimate was $360M, while the lowest revenue estimate was $250M, resulting in an average revenue estimate of $272.57M. In the same quarter a year ago, actual revenue was $366.35M, down -25.60% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $325.07M in the next fiscal year. The high estimate is $400M and the low estimate is $267.1M. The average revenue growth estimate for next year is up 19.30% from the average revenue estimate for this year.