On 3/14/24, Turtle Beach Corp (NASDAQ: HEAR) stock enjoyed a major increase of 26.5%, closing at $13.95. Moreover, exceptionally high trading volume at 1569% of normal accompanied the advance. The stock has risen 38.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, HEAR is expected to be Value Creation neutral.
Turtle Beach has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Turtle Beach has a poor Appreciation Score of 15 but a slightly positive Power Rating of 62, leading to the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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