Turtle Beach Corp (NASDAQ:TBCH) price on Friday, March 21, rose 2.54% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $14.56.
A look at the stock’s price movement, the close in the last trading session was $14.20, moving within a range at $13.63 and $14.57. The beta value (5-Year monthly) was 2.054 while the PE ratio in trailing twelve months stood at 19.02. Turning to its 52-week performance, $19.50 and $12.10 were the 52-week high and 52-week low respectively. Overall, TBCH moved -22.88% over the past month.
Turtle Beach Corp’s market cap currently stands at around $290.78 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-12.
Analysts have a consensus estimate of 61.75M for the company’s revenue for the quarter, with a low and high estimate of 60M and 65M respectively. The average forecast suggests up to a 10.57% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 400.2M, representing a 7.36% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TBCH is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
The technical evaluation for the stock shows the PEG ratio is 0.45, with TBCH’s current price about -4.20% and -13.71% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.63, while 7-day volatility ratio is 5.09% and 5.98% in the 30-day chart. Further, Turtle Beach Corp (TBCH) has a beta value of 2.28, and an average true range (ATR) of 0.86.
If we refocus on Turtle Beach Corp (NASDAQ:TBCH), historical trading data shows that trading volumes averaged 0.43 over the past 10 days and 178.38K over the past 3 months. The company’s latest data on shares outstanding shows there are 19.96 million shares.
The 27.85% of Turtle Beach Corp’s shares are in the hands of company insiders while institutional holders own 52.35% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.58 million on 2025-02-28, giving us a short ratio of 5.03. The data shows that as of 2025-02-28 short interest in Turtle Beach Corp (TBCH) stood at 370.0 of shares outstanding, with shares short falling to 0.62 million registered in 2025-01-31. Current price change has pushed the stock -15.89% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TBCH stock continues to rise going into the next quarter.
