Favorable News Coverage Somewhat Unlikely to Affect Turtle Beach Corporation (HEAR) Share Price
News stories about Turtle Beach Corporation (NASDAQ:HEAR) have been trending positive on Sunday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Turtle Beach Corporation earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave news stories about the communications equipment provider an impact score of 46.4489710118189 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Turtle Beach Reinvents The $99 Wireless Gaming Headset With The Launch Of The Stealth 600 For Xbox One … – PR Newswire (press release) (prnewswire.com)
- Turtle Beach Corp (HEAR) Needle Moving on Volume – Evergreen Caller (evergreencaller.com)
- Turtle Beach Releases Stealth 600 Headset for $99.95 (biogamergirl.com)
- ETFs with exposure to Turtle Beach Corp. : August 25, 2017 (finance.yahoo.com)
- Shares Seesawing on Volume: Turtle Beach Corp (HEAR) – Sparta Review (spartareview.com)
Turtle Beach Corporation (NASDAQ:HEAR) opened at 0.62 on Friday. Turtle Beach Corporation has a 12-month low of $0.56 and a 12-month high of $2.00. The stock’s market cap is $30.62 million. The stock’s 50 day moving average price is $0.70 and its 200 day moving average price is $0.85.
Turtle Beach Corporation (NASDAQ:HEAR) last issued its earnings results on Thursday, August 10th. The communications equipment provider reported ($0.14) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.03. The business had revenue of $19.11 million during the quarter, compared to analysts’ expectations of $17.54 million. Turtle Beach Corporation had a negative return on equity of 830.32% and a negative net margin of 32.19%. Analysts forecast that Turtle Beach Corporation will post ($0.07) EPS for the current fiscal year.
Several research analysts have recently commented on HEAR shares. B. Riley reiterated a “neutral” rating and set a $1.30 price target on shares of Turtle Beach Corporation in a report on Tuesday, May 2nd. Zacks Investment Research lowered Turtle Beach Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th.
About Turtle Beach Corporation
Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.
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