Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Turtle Beach Corp (NASDAQ: HEAR) weakened of late. HEAR’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 8/1/24, Turtle Beach Corp (NASDAQ: HEAR) stock declined by -5.0%, closing at $13.75. Trading volume in this decline was normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -9.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HEAR is expected to be a major Value Builder.
Turtle Beach has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Turtle Beach has a poor Appreciation Score of 26 but a very high Power Rating of 87, producing the High Neutral Value Trend Rating.
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