Head-To-Head Analysis: IonQ (NYSE:IONQ) vs. Turtle Beach (NASDAQ:TBCH)

Turtle Beach (NASDAQ:TBCH) and IonQ (NYSE:IONQ) are both technology companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, profitability, risk, earnings, analyst recommendations, dividends and valuation.

Institutional and Insider Ownership

67.0% of Turtle Beach shares are held by institutional investors. Comparatively, 41.4% of IonQ shares are held by institutional investors. 3.4% of Turtle Beach shares are held by insiders. Comparatively, 0.6% of IonQ shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Earnings and Valuation

This table compares Turtle Beach and IonQ”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Turtle Beach	$319.91 million	0.70	$15.73 million	($0.21)	-59.90
IonQ	$130.02 million	107.77	-$510.38 million	($4.66)	-7.89

Turtle Beach has higher revenue and earnings than IonQ. Turtle Beach is trading at a lower price-to-earnings ratio than IonQ, indicating that it is currently the more affordable of the two stocks.

Analyst Recommendations

This is a summary of current ratings and recommmendations for Turtle Beach and IonQ, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Turtle Beach	2	1	4	0	2.29
IonQ	1	4	10	0	2.60

Turtle Beach currently has a consensus target price of $16.80, suggesting a potential upside of 33.55%. IonQ has a consensus target price of $67.17, suggesting a potential upside of 82.63%. Given IonQ’s stronger consensus rating and higher possible upside, analysts plainly believe IonQ is more favorable than Turtle Beach.

Volatility & Risk

Turtle Beach has a beta of 2.31, suggesting that its stock price is 131% more volatile than the S&P 500. Comparatively, IonQ has a beta of 3.3, suggesting that its stock price is 230% more volatile than the S&P 500.

Profitability

This table compares Turtle Beach and IonQ’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Turtle Beach	-1.07%	-2.26%	-1.00%
IonQ	-553.27%	-22.29%	-13.20%

Summary

Turtle Beach beats IonQ on 8 of the 14 factors compared between the two stocks.

About Turtle Beach

Turtle Beach Corporation operates as an audio technology company. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, personal computers, handheld consoles, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, mousepads, and other accessories for the personal computer peripherals market under the brand of ROCCAT, as well as digital USB and analog microphones under the Neat Microphones brand. It serves retailers, distributors, and other customers in North America, the United Kingdom, Europe, and internationally. The company was founded in 1975 and is headquartered in White Plains, New York.

About IonQ

IonQ, Inc. engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft’s Azure Quantum, and Google’s Cloud Marketplace, as well as through its cloud service. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems. The company was founded in 2015 and is headquartered in College Park, Maryland.