Turtle Beach Corporation (NASDAQ:HEAR) shares fell to a low of $29.35 before closing at $29.96. Intraday shares traded counted 0.31 million, which was 41.76% higher than its 30-day average trading volume of 534.21K. HEAR’s previous close was $29.80 while the outstanding shares total 15.55M. The firm has a beta of 1.54, a 12-month trailing P/E ratio of 10.11, and a growth ratio of 0.63. The stock’s Relative Strength Index (RSI) is 61.78, with weekly volatility at 5.87% and ATR at 1.71. The HEAR stock’s 52-week price range has touched low of $9.63 and a $35.74 high. The stock traded higher over the last trading session, gaining 0.54% on 05/20/21.
Investors have identified the Consumer Electronics company Turtle Beach Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $448.80 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Turtle Beach Corporation (HEAR) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 169.16 million total, with 71.77 million as their total liabilities.
HEAR were able to record 18.81 million as free cash flow during the 08/12/2021 quarter of the year, this saw their quarterly net cash flow reduce by 16.28 million. In cash movements, the company had a total of 21.09 million as operating cash flow.
Potential earnings growth for Turtle Beach Corporation (HEAR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/12/2021 quarter of the year, Turtle Beach Corporation recorded a total of 93.05 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 62.38% coming in sequential stages and their sales for the 08/12/2021 quarter reducing by -42.83%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 58.2 million trying to sell their products during the last quarter, with the result yielding a gross income of 34.85 million. This allows shareholders to hold on to 15.55M with the recently reported earning now reading 0.57 cents per share. This is a figure that compared to analyst’s prediction for their 08/12/2021 (0.52 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.71 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on HEAR sounds very interesting.
Is the stock of HEAR attractive?
In related news, Director, KEITEL WILLIAM E sold 3,362 shares of the company’s stock in a transaction that recorded on Apr 08. The sale was performed at an average price of 28.18, for a total value of 94,741. As the sale deal closes, the Director, Ballard Lloyd Gregory now sold 3,000 shares of the company’s stock, valued at 73,770. Also, Director, Ballard Lloyd Gregory sold 3,000 shares of the company’s stock in a deal that was recorded on Mar 09. The shares were price at an average price of 24.59 per share, with a total market value of 73,770. Following this completion of acquisition, the Chief Executive Officer & Pres, Stark Juergen M. now holds 42,131 shares of the company’s stock, valued at 1,370,244. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.90%.
6 out of 6 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Turtle Beach Corporation. 0 analysts has assigned a Sell rating on the HEAR stock. The 12-month mean consensus price target for the company’s shares has been set at $39.67.