Turtle Beach Corporation (HEAR) Can’t Be More Hot. Just Reaches 52-Week High

May 16, 2018 - By Kelly Oliver

Turtle Beach Corporation (NASDAQ:HEAR) Logo

The stock of Turtle Beach Corporation (NASDAQ:HEAR) hit a new 52-week high and has $19.69 target or 3.00 % above today’s $19.12 share price. The 9 months bullish chart indicates low risk for the $261.64 million company. The 1-year high was reported on May, 16 by Barchart.com. If the $19.69 price target is reached, the company will be worth $7.85M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 7.29% or $1.2999 during the last trading session, reaching $19.1199. About 5.38M shares traded or 228.37% up from the average. Turtle Beach Corporation (NASDAQ:HEAR) has declined 41.77% since May 16, 2017 and is downtrending. It has underperformed by 53.32% the S&P500.

Analysts await Turtle Beach Corporation (NASDAQ:HEAR) to report earnings on August, 9. They expect $-0.23 EPS, up 58.93 % or $0.33 from last year’s $-0.56 per share. After $0.16 actual EPS reported by Turtle Beach Corporation for the previous quarter, Wall Street now forecasts -243.75 % negative EPS growth.

Turtle Beach Corporation (NASDAQ:HEAR) Ratings Coverage

Among 2 analysts covering Turtle Beach Corp (NASDAQ:HEAR), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Turtle Beach Corp has $1200 highest and $1.0 lowest target. $6.50’s average target is -66.00% below currents $19.1199 stock price. Turtle Beach Corp had 2 analyst reports since March 7, 2018 according to SRatingsIntel. Oppenheimer maintained Turtle Beach Corporation (NASDAQ:HEAR) on Wednesday, March 7 with “Buy” rating. The stock of Turtle Beach Corporation (NASDAQ:HEAR) earned “Buy” rating by Lake Street on Tuesday, April 10.

More recent Turtle Beach Corporation (NASDAQ:HEAR) news were published by: Seekingalpha.com which released: “Turtle Beach’s (HEAR) CEO Juergen Stark on Q1 2018 Results – Earnings Call Transcript” on May 10, 2018. Also Investingnews.com published the news titled: “5 Top Weekly NASDAQ Tech Stocks: Index Shifts Gear” on May 13, 2018. Streetinsider.com‘s news article titled: “Pre-Open Movers 05/10: (ARMO) (HEAR) (VTVT) Higher; (MDCA) (NUAN) (BKNG) Lower (more…)” with publication date: May 10, 2018 was also an interesting one.

Turtle Beach Corporation, an audio technology company, develops, commercializes, and markets a range of products under the Turtle Beach and HyperSound brands in the North America, the United Kingdom, Europe, and internationally. The company has market cap of $261.64 million. The firm offers headset products for use across various platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets, and mobile devices. It currently has negative earnings. It also provides audio products for commercial and consumer devices, as well as for listeners with hearing loss.

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