Turtle Beach Corp (NASDAQ: HEAR) has recently enjoyed extremely meaningful positive changes in investment behavior: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
Positive development: the stock’s power rating rose above 70. Negative development: significant quarterly earnings deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
HEAR’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Turtle Beach has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Turtle Beach has a very low Appreciation Score of 9 but a good Power Rating of 71, and the Negative Value Trend Rating results.
Recent Price Action
Turtle Beach Corp (NASDAQ: HEAR) stock enjoyed a very large increase of 8.7% on 3/18/24. The shares closed at $16.75. Moreover, exceptionally high trading volume at 375% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 58.3% during the last week.
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