Now have shares at 20.42 avg. Will avg down if this tries to approach lower Bollinger band on TA chart.
The recent action, imo, had everything to do with a technical test of support at lower Bollinger band and then a quick run up on good news to test upper resistance at 20dma, which happened on Friday, then it fell down to test new support level, wherever that is.
I'm somewhat surprised to see lack of chatter on this board over the past 4-5 weeks, but not really surprised, given the alarming fall-off in s/p from the highs reached in mid-$30s in early Aug after earnings.
If one listens to the CEO on CCall and also the projections by industry and by analysts (thanks, RealFast95 for posting some of those), it's obvious that Fortnite is not a "fad," and that the rise of these battle royale-style games are the FUTURE for the gaming industry.
At https://en.wikipedia.org/wiki/Battle_royale_game
the last paragraph cites Turtle Beach earnings report and the penultimate paragraph states this TANTALIZING projection:
Business Insider projected that battle royale games will bring in over US$2 billion during 2018, and will grow to US$20 billion in 2019.
If you go to the July 2018 IGN article that cites the Business Insider projection,
http://www.ign.com/articles/2018/07/20/analysts-predict-battle-royale-games-could-make-20-billion-next-year
it goes on to state this: "As more studios join the battle royale trend, those numbers are expected to increase again to be twelve-fold within just two years"--i.e., by 2020.
I presume that's gonna mean a HUGE number of new Turtle Beach headset sales.
Recent HEAR News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 09:47:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 08:01:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 09:00:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:22:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:20:10 PM
- Turtle Beach Corporation Announces Planned Retirement of CFO John Hanson • GlobeNewswire Inc. • 08/08/2024 08:16:00 PM
- Turtle Beach Corporation Announces Second Quarter 2024 Results and Raises Full Year Outlook • GlobeNewswire Inc. • 08/08/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 01:19:46 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 01:12:36 AM
- Turtle Beach Corporation to Report Second Quarter 2024 Financial Results on Thursday, August 8, 2024 • GlobeNewswire Inc. • 07/25/2024 08:15:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 12:43:25 PM
- Turtle Beach Corporation Appoints Libby Bush to Board of Directors • GlobeNewswire Inc. • 07/25/2024 12:30:00 PM
- Form SC 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 07/10/2024 08:23:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/13/2024 08:05:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 01:21:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:57:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 09:37:20 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/31/2024 09:25:43 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/30/2024 08:05:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 09:00:10 PM
- PDP Expands Its Award-Winning Victrix Pro FS Arcade Fight Stick Line With Two New Limited-Edition Designs • Business Wire • 05/28/2024 12:30:00 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 05/21/2024 10:08:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 10:03:11 PM
- Raise Your Rank With Turtle Beach – New Gaming Headsets, Keyboards, & Mice – Now Available • Business Wire • 05/20/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 11:23:54 PM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM