Turtle Beach Corporation (HEAR) Stock: Here’s Why It’s Falling In Value


Turtle Beach Corporation (HEAR) is making a move down in the market today. The stock, focused in the tech sector, is presently trading at $11.25 after heading down -6.25% so far in today’s session. As it relates to tech stocks, there are several factors that have the ability to generate price movement in the market. One of the most common is news. Here are the recent headlines centered around HEAR:

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Mar-21-19 10:28PM Edited Transcript of HEAR earnings conference call or presentation 14-Mar-19 9:00pm GMT
05:45PM Turtle Beach (HEAR) Stock Sinks As Market Gains: What You Should Know
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
10:13AM Disappointing Guidance Earns Turtle Beach Short Sellers $24M

Nonetheless, when making a decision with regard to investing, prospective investors should take a look at far more than just news, especially in the ever evolving tech sector. Here’s what’s happing when it comes to Turtle Beach Corporation.

Recent Movement From HEAR

Although a move down in a single session, like what we’re seeing from Turtle Beach Corporation may make some investors unhappy, a single session fall by itself should not be the basis of a decision to, or not to, invest in a company. It’s generally a good idea to look at trends experienced by the stock beyond a single trading session. When it comes to HEAR, here are the returns on investment that we have seen:

  • Past 5 Sessions – In the last seven days, HEAR has seen a price change that amounts to -15.54%.
  • Past Month – The monthly performance from Turtle Beach Corporation has been -29.16%.
  • Past Quarter – In the past 3 months, the stock has generated a return that works out to -25.15%
  • Bi-Annually – Throughout the past six months, we’ve seen a performance of -41.38% from the company.
  • This Year So Far – Since the open of this year HEAR has generated a return of -21.16%.
  • Full Year – Lastly, over the past full year, we’ve seen a change that works out to 430.86% from HEAR. Over this period of time, the stock has traded at a high of -67.39% and a low of 462.50%.

Ratios That Are Notable

Digging into a few key ratios having to do with a stock generally gives traders a look of how risky and/or rewarding a an investment option may be. Here are some of the important ratios to look at when looking at HEAR.

Short Ratio – The short ratio is a tool that’s used to measure the level of short interest. The higher this ratio, the more investors have a belief that the price of the stock is headed for declines. Throughout the sector, strong tech stocks can carry a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the industry. Nonetheless, when it comes to Turtle Beach Corporation, the stock’s short ratio comes to 7.92.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Essentially, they measure whether or not a company can pay its debts as they mature with only current assets or quick assets. In the technology sector, several companies rely heavily on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can look damning. However, several good picks in the tech sector come with positive current and quick ratios. When it comes to HEAR, the quick and current ratios total up to 0.60 and 1.70 respectively.  

Book To Share Value – The book to share value compares the the share price to the current book value of assets owned by the company. when it comes to Turtle Beach Corporation, the book to share value ratio equates to 1.67.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of the company’s stock. In this case, the cash to share value comes to 0.36.

What Are Big Money Players Doing With Turtle Beach Corporation

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 62.40% of the company. Institutional interest has moved by 0.26% over the past three months. When it comes to insiders, those who are close to the company currently own 6.70% percent of HEAR shares. Institutions have seen ownership changes of an accumulative -63.21% over the last three months.

What Analysts Say About Turtle Beach Corporation

Although it’s never a smart idea to avoid doing your DD and blindly following the thoughts of analysts, it is a good idea to consider their analysis to validate your own due diligence before making an investment decision in the technology industry. 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 $1.25. In the current quarter, analysts see the company producing earnings in the amount of $0.03. Over the last 5 years, HEAR has generated revenue in the amount of $205.20% with earnings coming in at 16.20%. On a quarter over quarter basis, earnings have seen movement of 73.00% and revenue has seen movement of 106.70%.

Interested In How Many Shares Are Available?

Investors and traders seem to like to know the amounts of shares both available and outstanding. In terms of Turtle Beach Corporation, there are currently 17.37M with a float of 12.02M. These numbers mean that of the total of 17.37M shares of HEAR in existence today, 12.02M are available to trade hands on the public market.

I also like to pay attention to the short percent. Think about it, when a large percentage of the float available for trading is sold short, the overall feeling in the market is that the company is headed for a steep decline. In regard to HEAR, the short percentage of the float is currently 74.96%. Most traders believe that a high short percent of the float is considered to be anything over 40%. In my research, I’ve calculated that a short ratio over 26% is generally a play that comes with hefty risk.

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