Turtle Beach had a great year. Consumers took to playing video games during the stay-at-home phase of the Covid pandemic, driving up its sales and profits. On Thursday the Relative Strength (RS) Rating for Turtle Beach (HEAR) climbed to a lofty 92, up from 89 the prior trading session.
The 92 RS Rating means Turtle Beach has outperformed 92% of all stocks over the past year. Top-performing stocks tend to have an 80 or better RS Rating as they launch their biggest price moves.
Other Turtle Beach Key Ratings
Among other key ratings, the White Plains, N.Y.-based company has an 84 Composite Rating. The IBD Composite Rating helps investors easily measure the quality of a stock’s fundamental and technical metrics. The best growth stocks have a Composite Rating of 90 or better.
The maker of performance headsets and other accessories for video game machines saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 1% to 326%. Revenue rose from 31% to 166%.
Turtle Beach is building a consolidation with a 35.84 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This proprietary rating measures technical performance by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.
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