Turtle Beach Corp (NASDAQ:TBCH) shares, rose in value on Friday, March 28, with the stock price down by -3.09% to the previous day’s close as strong demand from buyers drove the stock to $14.12.
Actively observing the price movement in the last trading, the stock closed the session at $14.57, falling within a range of $13.9249 and $14.79. The value of beta (5-year monthly) was 2.054 whereas the PE ratio was 18.45 over 12-month period. Referring to stock’s 52-week performance, its high was $19.50, and the low was $12.10. On the whole, TBCH has fluctuated by -15.95% over the past month.
With the market capitalization of Turtle Beach Corp currently standing at about $281.99 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 400.2M, with a low estimate of 60M and a high estimate of 65M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 61.75M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TBCH’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.44, with the price of TBCH currently trading nearly -2.76% and -14.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.33, while the 7-day volatility ratio is showing 4.00% which for the 30-day chart, stands at 5.74%. Furthermore, Turtle Beach Corp (TBCH)’s beta value is 2.28, and its average true range (ATR) is 0.77.
A comparison of Turtle Beach Corp (TBCH) with its peers suggests the former has fared considerably weaker in the market. TBCH showed an intraday change of -3.09% in last session, and over the past year, it shrunk by -17.86%%.
Data on historical trading for Turtle Beach Corp (NASDAQ:TBCH) indicates that the trading volumes over the past 10 days have averaged 0.35 and over the past 3 months, they’ve averaged 193.42K. According to company’s latest data on outstanding shares, there are 19.96 million shares outstanding.
Nearly 27.85% of Turtle Beach Corp’s shares belong to company insiders and institutional investors own 52.35% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.03 million shares as on 2025-03-14, resulting in a short ratio of 4.62. According to the data, the short interest in Turtle Beach Corp (TBCH) stood at 659.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 0.61 million. The stock has fallen by -18.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TBCH stock heading into the next quarter.
