Stock in News Spotlight: Turtle Beach Corporation (NASDAQ:HEAR)

Turtle Beach Corporation (NASDAQ:HEAR) stock experienced trading -58.68% off 52-week high price. On the other end, the stock has been noted 2.75% away from low price over the last 52-weeks. The stock disclosed a move of -16.49% away from 50 day moving average and -26.39% away from 200 day moving average. Moving closer, we can see that shares have been trading -10.37% off 20-day moving average. It has market cap of $102.59M.

On Feb. 20, 2020, Leading gaming audio and accessory brand Turtle Beach Corporation (NASDAQ:HEAR) declared it has been the top console gaming headset maker for 10 years running. Final NPD revenue data from 2019, combined with NPD monthly revenue data since January 2010 shows Turtle Beach has now sold over 34 million console gaming headsets in the United States and Canada, placing it atop the lists for both the number of units sold and the total revenue generated over the decade. This historic milestone once again demonstrates the strength of the brand and shows that Turtle Beach is console gamers’ #1 headset choice on Xbox, PlayStation, and Nintendo.

We are truly honored to be the #1 headset choice of console gamers year after year, said Juergen Stark, Chairman and CEO, Turtle Beach. We are passionately focused on creating the best headsets and accessories for every level of gamer, and with ROCCAT now part of the team, we’re going to bring this same ethos to PC gamers as we continue to develop new products and grow the business.

NPD revenue sales data for the decade shows that 3 of the 5 top headsets – including the #1 selling headset – were from Turtle Beach, making the brand a leader in console gaming headsets. NPD sales data for 2019 also shows Turtle Beach achieved a 40%+ revenue share for the 10th consecutive year. This consistently places Turtle Beach at a market share level higher than the next four competitors combined.

The USA based company Turtle Beach Corporation moved with change of -0.70% to $7.09 with the total traded volume of 256354 shares in recent session versus to an average volume of 323.91K. The stock was observed in the 5 days activity at -11.71%. The one month performance of stock was -21.66%. HEAR’s shares are at -19.34% for the quarter and driving a -55.13% return over the course of the past year and is now at -24.97% since this point in 2018.  Right now the stock beta is 1.27. The average volatility for the week and month was at 5.54% and 4.10% respectively. There are 14.47M shares outstanding and 12.50M shares are floated in market.

Leave a Reply

Your email address will not be published. Required fields are marked *