How Does Turtle Beach Corp. (HEAR) Stack Up Right Now?

Turtle Beach Corporation (HEAR) is an interesting player in the Technology space, with a focus on Communication Equipment. The stock has been active on the tape, currently trading at $16.33, down from yesterday’s close by -12.06%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Turtle Beach Corporation (HEAR) currently trades with a market capitalization of $87.37 Million. That value represents a market adjusting for revenues that have been growing by 184.88 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $3.4 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of -$0.02 on a per share basis this quarter. Perhaps, that suggests something about why 35.55% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Turtle Beach Corporation recorded a 52-week high of $20.36. It is now trading 4.03% off that level. The stock is trading $5.10 its 50-day moving average by -11.23%. The stock carved out a 52-week low down at $1.64.

In recent action, Turtle Beach Corporation (HEAR) has made a move of +287.89% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 15.08, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 15.49% with $5.18 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of HEAR.

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