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Turtle Beach Corporation (HEAR) – Don’t Be So Quick to Call it Dead

Turtle Beach Corporation (NASDAQ: HEAR) is -58.31% lower on its value in year-to-date trading and has touched a low of $6.22 and a high of $28.48 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HEAR stock was last observed hovering at around $8.93 in the last trading session, with the day’s gains setting it 0.35% off its average median price target of $10.00 for the next 12 months. It is also 48.44% off the consensus price target high of $18.00 offered by 6 analysts, but current levels are -23.73% lower than the price target low of $7.50 for the same period.

Currently trading at $9.28, the stock is 12.67% and 22.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.25 million and changing 3.92% at the moment leaves the stock -33.42% off its SMA200. HEAR registered -66.85% loss for a year compared to 6-month loss of -48.07%.

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The stock witnessed a 33.53% gain in the last 1 month and extending the period to 3 months gives it a -6.26%, and is 4.74% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.60% over the week and 6.18% over the month.

Turtle Beach Corporation (HEAR) has around 272 employees, a market worth around $152.84M and $248.70M in sales. Profit margin for the company is -12.80%. Distance from 52-week low is 49.20% and -67.42% from its 52-week high. The company has generated returns on investments over the last 12 months (12.70%).

Turtle Beach Corporation (HEAR) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Turtle Beach Corporation (HEAR) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 2.00, where 2 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

The EPS is expected to shrink by -59.00% this year

Turtle Beach Corporation (HEAR) Top Institutional Holders

The shares outstanding are 16.54M, and float is at 15.41M with Short Float at 10.12%.

Turtle Beach Corporation (HEAR) Insider Activity

A total of 1 insider transactions have happened at Turtle Beach Corporation (HEAR) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider purchase by Ballard Lloyd Gregory, the company’s Director. SEC filings show that Ballard Lloyd Gregory bought 7,800 shares of the company’s common stock on Nov 18 at a price of $9.15 per share for a total of $71370.0. Following the purchase, the insider now owns 46522.0 shares.

Turtle Beach Corporation disclosed in a document filed with the SEC on Mar 10 that Wolfe Andrew (Director) sold a total of 1,625 shares of the company’s common stock. The trade occurred on Mar 10 and was made at $18.96 per share for $30810.0. Following the transaction, the insider now directly holds 61999.0 shares of the HEAR stock.

Still, SEC filings show that on Feb 10, Wolfe Andrew (Director) disposed off 1,600 shares at an average price of $21.88 for $35008.0. The insider now directly holds 63,624 shares of Turtle Beach Corporation (HEAR).

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