The price of Turtle Beach Corp (NASDAQ: HEAR) closed at $17.17 in the last session, down -0.41% from day before closing price of $17.24. In other words, the price has decreased by -$0.07 from its previous closing price. On the day, 648794 shares were traded. HEAR stock price reached its highest trading level at $18.45 during the session, while it also had its lowest trading level at $17.12.
Ratios:
We take a closer look at HEAR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.19. For the most recent quarter (mrq), Quick Ratio is recorded 1.43 and its Current Ratio is at 2.22. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Maxim Group on May 05, 2023, Reiterated its Buy rating but revised its target price to $16 from $10 previously.
On November 28, 2022, ROTH Capital started tracking the stock assigning a Buy rating and target price of $18.
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 Jun 05 ’23 when Scherping Katherine Lee bought 500 shares for $10.75 per share. The transaction valued at 5,375 led to the insider holds 15,857 shares of the business.
Scherping Katherine Lee bought 500 shares of HEAR for $5,500 on Jun 02 ’23. The Director now owns 15,357 shares after completing the transaction at $11.00 per share. On May 19 ’23, another insider, Jimenez Terry, who serves as the Director of the company, bought 2,500 shares for $11.59 each. As a result, the insider paid 28,975 and bolstered with 26,551 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HEAR now has a Market Capitalization of 361.08M and an Enterprise Value of 362.00M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17 while its Price-to-Book (P/B) ratio in mrq is 3.54. Its current Enterprise Value per Revenue stands at 1.40 whereas that against EBITDA is -30.17.
Stock Price History:
The Beta on a monthly basis for HEAR is 2.15, which has changed by 63.88% over the last 52 weeks, in comparison to a change of 28.14% over the same period for the S&P500. Over the past 52 weeks, HEAR has reached a high of $18.10, while it has fallen to a 52-week low of $7.97. The 50-Day Moving Average of the stock is 12.50, while the 200-Day Moving Average is calculated to be 10.88.
Shares Statistics:
According to the various share statistics, HEAR traded on average about 294.85K shares per day over the past 3-months and 659.37k shares per day over the past 10 days. A total of 17.53M shares are outstanding, with a floating share count of 11.89M. Insiders hold about 32.44% of the company’s shares, while institutions hold 70.29% stake in the company. Shares short for HEAR as of Mar 15, 2024 were 702.07k with a Short Ratio of 2.38, compared to 601.17k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.33% and a Short% of Float of 3.54%.
Earnings Estimates
The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.25 for the current quarter, with a high estimate of -$0.25 and a low estimate of -$0.25, while EPS last year was -$0.27. The consensus estimate for the next quarter is -$0.19, with high estimates of -$0.14 and low estimates of -$0.25.
Analysts are recommending an EPS of between $0.62 and $0.59 for the fiscal current year, implying an average EPS of $0.6. EPS for the following year is $1.28, with 2 analysts recommending between $1.37 and $1.19.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $53.22M. It ranges from a high estimate of $58.02M to a low estimate of $48M. As of the current estimate, Turtle Beach Corp’s year-ago sales were $51.44M, an estimated increase of 3.50% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $69.45M, an increase of 37.70% over than the figure of $3.50% in the same quarter last year. There is a high estimate of $72.6M for the next quarter, whereas the lowest estimate is $65M.
A total of 6 analysts have provided revenue estimates for HEAR’s current fiscal year. The highest revenue estimate was $380M, while the lowest revenue estimate was $364.5M, resulting in an average revenue estimate of $374.33M. In the same quarter a year ago, actual revenue was $258.12M, up 45.00% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $425.81M in the next fiscal year. The high estimate is $440M and the low estimate is $409.98M. The average revenue growth estimate for next year is up 13.80% from the average revenue estimate for this year.
