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Turtle Beach Corp (HEAR) rating reiterates by Maxim Group

Turtle Beach Corp’s filing revealed that its Director Jimenez Terry acquired Company’s shares for reported $33908.0 on Jun 11 ’24. In the deal valued at $15.07 per share,2,250 shares were bought. As a result of this transaction, Jimenez Terry now holds 50,009 shares worth roughly $0.72 million.

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Then, Jimenez Terry bought 2,750 shares, generating $42,488 in total proceeds. Upon buying the shares at $15.45, the Director now owns 47,759 shares.

Before that, Ballard Lloyd Gregory sold 5,042 shares. Turtle Beach Corp shares valued at $83,344 were divested by the Director at a price of $16.53 per share. As a result of the transaction, Ballard Lloyd Gregory now holds 40,665 shares, worth roughly $0.58 million.

Maxim Group reiterated its Turtle Beach Corp [HEAR] rating to a Buy in a research note published on May 05, 2023; the price target was $16. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who began to cover the stock in late November with a ‘”a Buy”‘ rating. Oppenheimer also remained covering HEAR and has decreased its forecast on August 09, 2022 with a “Perform” recommendation from previously “an Outperform” rating. DA Davidson revised its rating on August 09, 2022. It rated HEAR as “a Neutral” which previously was an “a Buy”.

Price Performance Review of HEAR

On Friday, Turtle Beach Corp [NASDAQ:HEAR] saw its stock jump 1.70% to $14.34. Over the last five days, the stock has gained 0.77%. Turtle Beach Corp shares have risen nearly 30.96% since the year began. Nevertheless, the stocks have risen 24.48% over the past one year. While a 52-week high of $18.45 was reached on 04/01/24, a 52-week low of $7.97 was recorded on 01/11/24. SMA at 50 days reached $15.27, while 200 days put it at $12.29. A total of 0.72 million shares were traded, compared to the trading of 0.13 million shares in the previous session.

Levels Of Support And Resistance For HEAR Stock

The 24-hour chart illustrates a support level at 14.12, which if violated will result in even more drops to 13.91. On the upside, there is a resistance level at 14.53. A further resistance level may holdings at 14.73. The Relative Strength Index (RSI) on the 14-day chart is 37.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.32%. Stochastics%K at 15.05% indicates the stock is a buying.

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