Tim Brake
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HEAR up 25%. The market is taking a beating today!

Turtle Beach Corp (NASDAQ:HEAR) shares were traded with a doubled volume. The stock closed last trading session at $2.14, up by 3.38%, with a volume of 332,549 shares against an average volume for the last 3 months of 116,370.

Turtle Beach Corp (NASDAQ:HEAR) stock is currently trading 72.03% below its 52-week-high, 22.29% above its 52-week-low. The 1-year stock price history is in the range of $1.75 – $7.65. Turtle Beach Corp (HEAR) has a price to book ratio of 0.76 versus Technology sector average of 3.02. HEAR stock price has underperformed the Nasdaq by 32.8%. The Industrial Audio & Video Production company is currently valued at $0.09 billion and its share price closed the last trading session at $2.14. The stock has a 50-day moving average of $2.17 and a 200-day moving average of $2.17.

Turtle Beach Corp (HEAR) current short interest stands at 0.97 million shares. It has increased by 7% from the same period of last month. Around 9% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.08 million shares, the number of days required to cover the short positions stand at 11.5 days.

The company is expected to announce next quarter earnings on November 09, at consensus estimate of $-0.15. Turtle Beach Corp (HEAR) reported last quarter earnings on August 06. The Industrial Audio & Video Production company announced earnings per share of $-0.22 against a consensus Street estimate of $-0.18, missing estimate by $0.04. This corresponds to an increase of $0.05 compared to the same quarter of the previous fiscal year.

Is this a Buying Opportunity?

There are currently six analysts that cover Turtle Beach Corp stock. Of those six, five have a Buy rating, one has a Hold rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $4.42.

A recent analyst activity consisted of B. Riley who initiated their coverage on the stock with Buy rating on June 25. On the date of report, the stock closed at $2.71.

Wunderlich initiated their coverage on the stock with Hold rating on March 31, and fixed their price target at $2.5. This corresponds to a 16.82% upside from the last closing price. On the date of report, the stock closed at $1.86.

Company profile

Turtle Beach Corp is a sound technology company. The Company designs and markets premium audio peripherals for video game consoles, personal computers and mobile devices.