Trading On margin

Gaming stocks continue to climb as short sellers retreat

HEAR has launched new limited edition Dr Disrespect gaming gear

Turtle Beach Corporation (NASDAQ: HEAR) is one of the world’s leading suppliers of gaming accessories. Turtle Beach’s ROCCAT brand designs PC gaming products and creates keyboards, mice, headsets, mouse pads and other PC accessories. HEAR’s Neat Microphones brand also creates USB and analog microphones for gamers, streamers, and professionals in the tech and design industry. Before Thursday, HEAR is trading at $ 30.39.

On September 22, Turtle Beach Corporation launched a line of all-new, limited-edition personalized play equipment in collaboration with Dr. Disrespect. HEAR creates limited edition gaming headsets, mice, keyboards and mouse pads as part of the collaboration.

When it comes to earnings history, Turtle Beach stock has beaten expectations on its four most recent reports, starting with the third quarter of 2021, where HEAR beat estimates by a solid margin of 0, $ 82 and announced EPS of $ 1.05. For the fourth quarter of 2020, Turtle Beach’s EPS fell to $ 0.84 and consistently beat expectations by a slight margin of $ 0.06. For the first quarter of 2021, HEAR’s EPS fell again to $ 0.52 per share and still exceeds estimates by a margin of $ 0.06. For the second quarter of 2021, Turtle Beach reported EPS of $ 0.14 and beat expectations by a margin of $ 0.24. The company’s next results are scheduled for early November.

Turtle Beach stock is up about 71% year-over-year and HEAR is trading up 86% since hitting a 52-week low at $ 16.26 in November 2020 In addition, HEAR shares have risen 41% year-to-date. , but Turtle Beach stock is currently down 21% after hitting a record high of $ 38.70 in mid-June.

Turtle Beach stock is currently trading at an attractive price-to-earnings ratio of 12.08. The company also has a strong balance sheet with $ 56.2 million in cash and $ 5.6 million in total debt. Overall, Turtle Beach stock continues to be a great value investment, especially given HEAR’s forward price / earnings ratio of 16.21.

Finally, short-term interest rates fell by 6.5% over the last two reference periods. This is 11.7% of the stock’s total free float, and it would take a full week for short sellers to cover it.


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