HEAR Stock Summary and Trading Ideas (Turtle Beach | NASDAQ:HEAR)

Turtle Beach Corp specializes in gaming accessories, offering a diverse range including headsets, controllers, keyboards, mice, and simulation hardware. With nearly five decades of expertise, it's a innovator in audio technology, particularly dominant in console gaming headsets. Expanding beyond headsets, Turtle Beach now offers game controllers, flight and racing simulation accessories, and high-quality microphones. Operating globally, its products are available through numerous major retailers such as Amazon, Argos, Best Buy, GAME, GameStop, EB Games, Media Markt, Saturn, Target, and Walmart, with a significant revenue portion generated during the holiday season. The majority of its revenue stems from North America.

Turtle Beach trades on the NASDAQ stock market under the symbol HEAR.

As of April 19, 2024, HEAR stock price declined to $14.44 with 340,407 million shares trading.

HEAR has a beta of 1.47, meaning it tends to be more sensitive to market movements. HEAR has a correlation of 0.07 to the broad based SPY ETF.

HEAR has a market cap of $304.02 million. This is considered a Small Cap stock.

Last quarter Turtle Beach reported $100 million in Revenue and $.47 earnings per share. This fell short of revenue expectation by $-12 million and missed earnings estimates by -$.13.

In the last 3 years, HEAR stock traded as high as $38.70 and as low as $6.17.

The top ETF exchange traded funds that HEAR belongs to (by Net Assets): VTI, IWM, VXF, AVUV, IWN.

HEAR has outperformed the market in the last year with a return of +26.8%, while the SPY ETF gained +21.2%. In the last 3 month period, HEAR beat the market returning +39.7%, while SPY returned +4.3%. However, in the most recent 2 weeks HEAR has underperformed the stock market by returning -14.4%, while SPY returned -3.5%.

HEAR support price is $14.38 and resistance is $15.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HEAR stock will trade within this expected range on the day.