Turtle Beach Corp (NASDAQ: HEAR) closed the day trading at $17.20 up 2.69% from the previous closing price of $16.75. In other words, the price has increased by $+0.45 from its previous closing price. On the day, 720203 shares were traded.
Ratios:
For a better understanding of HEAR, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.21. 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:
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 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 352.66M and an Enterprise Value of 353.58M. 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 1.37 whereas that against EBITDA is -29.47.
Stock Price History:
Over the past 52 weeks, HEAR has reached a high of $16.97, while it has fallen to a 52-week low of $7.66. The 50-Day Moving Average of the stock is 11.50, while the 200-Day Moving Average is calculated to be 10.67.
Shares Statistics:
Over the past 3-months, HEAR traded about 267.73K shares per day on average, while over the past 10 days, HEAR traded about 918.18k shares per day. A total of 17.53M shares are outstanding, with a floating share count of 15.38M. Insiders hold about 12.64% of the company’s shares, while institutions hold 70.30% stake in the company. Shares short for HEAR as of Feb 29, 2024 were 602.96k with a Short Ratio of 2.25, compared to 599.94k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.46% and a Short% of Float of 3.73%.
Earnings Estimates
Current recommendations for the stock of the company come from 2 analysts. 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
6 analysts predict $53.22M in revenue for the current quarter. 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.
