Turtle Beach Corporation (HEAR) Stock: A Technology Stock That’s Seeing Gains

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Turtle Beach Corporation (HEAR) is headed up in the market today. The company, focused in the technology industry, is currently trading at $[Price] after gaining [Change] so far today. As it relates to technology companies, there are quite a few aspects that have the ability to cause price movement in the market. One of the most common is news. Here are the most recent trending headlines centered around HEAR:

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Mar-19-19 01:30PM The Bears Are Probably Right About Turtle Beach
Mar-18-19 05:48PM Turtle Beach Corp (HEAR) Files 10-K for the Fiscal Year Ended on December 31, 2018
10:21AM Edited Transcript of HEAR earnings conference call or presentation 14-Mar-19 9:00pm GMT
10:13AM Disappointing Guidance Earns Turtle Beach Short Sellers $24M
08:30AM Turtle Beach Unveils Its All-New Recon 70 Series Gaming Headsets

However, any time investors are making an investing decision, prospective investors should take a look at much more than just news, this is especially the case in the ever evolving technology space. Here’s what’s happening with Turtle Beach Corporation.

How HEAR Has Been Trending

Although a move up on a single session, like what we’re seeing from Turtle Beach Corporation may cause excitement in some investors, a single session move alone should not be the reason for a decision to, or not to, invest in a company. It is generally important to dig into trends experienced by the stock further out than a single session. As it relates to HEAR, here are the returns that investors have seen:

  • Past 7 Days – Throughout the last week, HEAR has generated a change in price in the amount of [Perf Week].
  • Monthly – The monthly returns from Turtle Beach Corporation works out to [Perf Month].
  • Past Quarter – In the last quarter, the stock has produced a return on investment of [Perf Quarter]
  • Past Six Months – In the past 6 months, we’ve seen a change of [Perf Half Y] from the stock.
  • This Year So Far – Since the the last trading session of last year HEAR has resulted in a return on investment of [Perf YTD].
  • Annually – Finally, throughout the last full year, investors have seen movement amounting to [Perf Year] out of HEAR. In this period, the stock has traded at a high price of [52W High] and a low of [52W Low].

Ratios To Watch

Looking at a few ratios associated with a company generally gives prospective traders an understanding of just how dangerous and/or rewarding a an investment option might be. Here are some of the key ratios to consider when looking at HEAR.

Short Ratio – The short ratio is a measure of short interest. As the ratio climbs, it means that more investors believe that the price of the stock is going to fall. In general, strong technology stocks can have a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the space. Nonetheless, when it comes to Turtle Beach Corporation, it’s short ratio comes to [Short Ratio].

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Essentially, they measure the company’s abilities to pay its debts when they mature using current assets or quick assets. In the tech sector, many companies are heavily reliant on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can be bad. However, quite a few better companies in the technology industry come with great current and quick ratios. As far as HEAR, the quick and current ratios add up to [Quick Ratio] and [Current Ratio] respectively.  

Book To Share Value – The book to share value compares the book value of assets owned by the company to the share price. In this particular case, the book to share value ratio works out to [Book/sh].

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of shares. In terms of HEAR, the cash to share value ratio is [Cash/sh].

Moves From Big Money Players

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in HEAR, here’s what we’re seeing:

Institutions own [Inst Own] of the company. Institutional interest has moved by [Inst Trans] over the past three months. When it comes to insiders, those who are close to the company currently own [Insider Own] percent of HEAR shares. Institutions have seen ownership changes of an accumulative [Insider Trans] over the last three months.

What Analysts Think About Turtle Beach Corporation

Although it’s not a good idea to unknowingly follow the thoughts of analysts, it is a smart idea to consider their analysis in order to validate your own thoughts when it comes to making investment decisions in the tech space. Below are the most recent moves that we’ve seen from analysts as it relates to HEAR.

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Mar-15-19 Reiterated Maxim Group Buy $28 → $26
Nov-05-18 Initiated Maxim Group Buy
Aug-07-18 Reiterated Lake Street Buy $15 → $40
Jul-24-18 Reiterated Oppenheimer Outperform $12 → $31
Jul-10-18 Initiated DA Davidson Buy

What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $[EPS next Y]. In the current quarter, analysts see the company producing earnings in the amount of $[EPS next Q]. Over the last 5 years, HEAR has generated revenue in the amount of $[Sales past 5Y] with earnings coming in at [EPS past 5Y]. On a quarter over quarter basis, earnings have seen movement of [EPS Q/Q] and revenue has seen movement of [Sales Q/Q].

What You Need To Know About Share Counts

Traders and investors tend to have a heavy interest in the amounts of shares both outstanding and available. With respect to Turtle Beach Corporation, there are currently [Shs Outstand] with a float of [Shs Float]. These numbers mean that of the total of [Shs Outstand] shares of HEAR currently in existence today, [Shs Float] are able to trade hands on the market.

I also find it important to follow the short percentage of the float. Think about it, if a high percentage of the float available for trading is shorted, the overall feeling among traders is that the company is going to lose value. In regard to HEAR, the percentage of the float that is sold short comes to a total of [Short Float]. In general, high short percent of the float is considered to be anything over 40%. However, I’ve found that anything over 26% is likely a a play that could prove to be very risky.

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