About Turtle Beach
Turtle Beach Corporation(ticker: HEAR) is an audio technology company. It designs audio products for consumer, commercial, and healthcare markets. The company markets premium headsets for use with personal computers, mobile devices, and video game consoles under the brand Turtle Beach (TurtleBeach.com). Under the brand HyperSound (HyperSound.com), the company markets pioneering directed audio solutions that have applications in digital signage and kiosks, consumer electronics, and healthcare. Turtle Beach Corporation, formerly known as Parametric Sound Corporation, is based in Valhalla, New York, and was founded in 1975.
Ahrvo Stock Rankings
Turtle Beach Corporation is one of only sixteen companies (out of over 7,000+ stocks we track) on Ahrvo that ranks above 90 in the AhrvoScore, Growth Score, Momentum Score, and Value Score based on the most recent daily rankings. Turtle Beach has an AhrvoScore (overall score) of 99, which is up 43 points(76%) over the last 3 months. Turtle Beach’s Momentum Score, Value Score, Quality, and Growth Score are 94, 96, 86, and 93, respectively. Over the last 3 months, HEAR’s Momentum Score and Value Value have experienced substantial growth, up 83 points( 754%) and 25 points (35%). While Quality Score is down 1 point to 86 (1%) and Growth is up 3 points to 93 (3%). Relative to competitors, Turtle Beach ranks higher across all stock scores: Ahrvo Score 99 vs. 59, Momentum Score 94 vs. 59, Value Score 96 vs. 52, Quality Score 86 vs. 73, and Growth Score 93 vs. 48. Ahrvo’s proprietary trading signal also indicates that HEAR is a STRONG BUY.
Our Take
Turtle Beach Corporation has been a top performer for quite some time. Since the market bottomed on March 23, 2020, Turtle Beach is up 125%, while the small-cap index (ticker: IWM) is up 31.5% - substantially outperforming. Growth is poised to continue as company fundamentals continue to accelerate. Industry growth is driven by secular trends and strong user demand. According to NPD Group, U.S. retail sales in the Accessories and Game Card category reached an all-time high in April (while other U.S. retail sales tanked 16.4%). U.S. retail sales significantly exceeded the previous high set in April 2018. As a company Turtle Beach’s April sales more than doubled the company’s previous all-time high. Demand for its products remained strong as 8 of the top-10 best-selling headsets YTD are made by Turtle Beach. The wireless gaming headset market is expected to grow at 13% a year through 2024, adding ~$1 billion in market value. During their last earnings call, management upgraded full-year guidance. In addition, the company has no long-term debt. The fact that Turtle Beach’s Momentum Score and Value Score have risen simultaneously, indicates that growth is keeping up with price momentum. Despite strong price action since March, HEAR is only up 21% YTD vs. -13% for the IWM. Valuation remains very cheap with a forward P/E multiple of 7.6x.
-Appo Agbamu, CFA
This material is for informational purposes only. Under no circumstances should any information or materials presented be used or construed as an offer to sell, or a solicitation of an offer to buy, any securities, financial instruments, investments, or other services. Any investment made is at your sole discretion. There are many factors that you must consider when making an investment decision, including, but not limited to, product features, risks, whether or not an investment meets your investment objectives, risk tolerance, and other personalized factors. Investing in securities involves risks, and there is always the potential of losing your entire investment.
Turtle Beach Corporation(ticker: HEAR) is an audio technology company. It designs audio products for consumer, commercial, and healthcare markets. The company markets premium headsets for use with personal computers, mobile devices, and video game consoles under the brand Turtle Beach (TurtleBeach.com). Under the brand HyperSound (HyperSound.com), the company markets pioneering directed audio solutions that have applications in digital signage and kiosks, consumer electronics, and healthcare. Turtle Beach Corporation, formerly known as Parametric Sound Corporation, is based in Valhalla, New York, and was founded in 1975.
Ahrvo Stock Rankings
Turtle Beach Corporation is one of only sixteen companies (out of over 7,000+ stocks we track) on Ahrvo that ranks above 90 in the AhrvoScore, Growth Score, Momentum Score, and Value Score based on the most recent daily rankings. Turtle Beach has an AhrvoScore (overall score) of 99, which is up 43 points(76%) over the last 3 months. Turtle Beach’s Momentum Score, Value Score, Quality, and Growth Score are 94, 96, 86, and 93, respectively. Over the last 3 months, HEAR’s Momentum Score and Value Value have experienced substantial growth, up 83 points( 754%) and 25 points (35%). While Quality Score is down 1 point to 86 (1%) and Growth is up 3 points to 93 (3%). Relative to competitors, Turtle Beach ranks higher across all stock scores: Ahrvo Score 99 vs. 59, Momentum Score 94 vs. 59, Value Score 96 vs. 52, Quality Score 86 vs. 73, and Growth Score 93 vs. 48. Ahrvo’s proprietary trading signal also indicates that HEAR is a STRONG BUY.
Our Take
Turtle Beach Corporation has been a top performer for quite some time. Since the market bottomed on March 23, 2020, Turtle Beach is up 125%, while the small-cap index (ticker: IWM) is up 31.5% - substantially outperforming. Growth is poised to continue as company fundamentals continue to accelerate. Industry growth is driven by secular trends and strong user demand. According to NPD Group, U.S. retail sales in the Accessories and Game Card category reached an all-time high in April (while other U.S. retail sales tanked 16.4%). U.S. retail sales significantly exceeded the previous high set in April 2018. As a company Turtle Beach’s April sales more than doubled the company’s previous all-time high. Demand for its products remained strong as 8 of the top-10 best-selling headsets YTD are made by Turtle Beach. The wireless gaming headset market is expected to grow at 13% a year through 2024, adding ~$1 billion in market value. During their last earnings call, management upgraded full-year guidance. In addition, the company has no long-term debt. The fact that Turtle Beach’s Momentum Score and Value Score have risen simultaneously, indicates that growth is keeping up with price momentum. Despite strong price action since March, HEAR is only up 21% YTD vs. -13% for the IWM. Valuation remains very cheap with a forward P/E multiple of 7.6x.
-Appo Agbamu, CFA
This material is for informational purposes only. Under no circumstances should any information or materials presented be used or construed as an offer to sell, or a solicitation of an offer to buy, any securities, financial instruments, investments, or other services. Any investment made is at your sole discretion. There are many factors that you must consider when making an investment decision, including, but not limited to, product features, risks, whether or not an investment meets your investment objectives, risk tolerance, and other personalized factors. Investing in securities involves risks, and there is always the potential of losing your entire investment.