Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $14.29 in the prior trading day, Turtle Beach Corp (NASDAQ: TBCH) closed at $13.56, down -5.11%. In other words, the price has decreased by -$5.11 from its previous closing price. On the day, 0.83 million shares were traded. TBCH stock price reached its highest trading level at $13.79 during the session, while it also had its lowest trading level at $12.7801.
Ratios:
Our goal is to gain a better understanding of TBCH by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 320.33. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 1.52. In the meantime, Its Debt-to-Equity ratio is 0.79 whereas as Long-Term Debt/Eq ratio is at 0.38.
On May 05, 2023, Maxim Group reiterated its Buy rating and also lowered its target price recommendation from $10 to $16.
On November 28, 2022, ROTH Capital started tracking the stock assigning a Buy rating and target price of $18.ROTH Capital initiated its Buy rating on November 28, 2022, with a $18 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 21 ’24 when Ballard Lloyd Gregory sold 5,542 shares for $15.00 per share. The transaction valued at 83,130 led to the insider holds 37,123 shares of the business.
Keirn Cris bought 3,000 shares of TBCH for $44,580 on Nov 20 ’24. The CEO now owns 35,648 shares after completing the transaction at $14.86 per share. On Nov 21 ’24, another insider, LLOYD GREGORY BALLARD, who serves as the Director of the company, bought 5,542 shares for $15.00 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TBCH now has a Market Capitalization of 272275328 and an Enterprise Value of 359985728. As of this moment, Turtle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.78, and their Forward P/E ratio for the next fiscal year is 7.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.73 while its Price-to-Book (P/B) ratio in mrq is 2.67. Its current Enterprise Value per Revenue stands at 0.966 whereas that against EBITDA is 8.52.
Stock Price History:
The Beta on a monthly basis for TBCH is 2.26, which has changed by -0.19044775 over the last 52 weeks, in comparison to a change of 0.09506309 over the same period for the S&P500. Over the past 52 weeks, TBCH has reached a high of $19.50, while it has fallen to a 52-week low of $12.10. The 50-Day Moving Average of the stock is -21.17%, while the 200-Day Moving Average is calculated to be -14.57%.
Shares Statistics:
The stock has traded on average 155.01K shares per day over the past 3-months and 322810 shares per day over the last 10 days, according to various share statistics. A total of 20.08M shares are outstanding, with a floating share count of 14.49M. Insiders hold about 27.85% of the company’s shares, while institutions hold 52.07% stake in the company. Shares short for TBCH as of 1740700800 were 581123 with a Short Ratio of 3.75, compared to 1738281600 on 615003. Therefore, it implies a Short% of Shares Outstanding of 581123 and a Short% of Float of 3.6999999999999997.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
