Tomorrow Is Not Likely To Be Same For Topgolf Callaway Brands Corp (MODG)

Topgolf Callaway Brands Corp (MODG) concluded trading on 01/11/24 at a closing price of $14.16, with 2.5 million shares of worth about $35.47 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -30.28% during that period and on Thursday the price saw a loss of about -3.61%. Currently the company’s common shares owned by public are about 184.90M shares, out of which, 141.05M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 158 times over the past 12 months. They bought 1,955,049 shares in 97 of the transactions. In 61 selling transactions, insiders dumped 4,519,160 shares.

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Topgolf Callaway Brands Corp (NYSE: MODG) started trading at $14.54, below -$0.15 from concluding price of the previous day. However, the stock later moved at a day high price of 14.57, or with a loss of -3.61%. Stock saw a price change of 6.15% in past 5 days and over the past one month there was a price change of 9.01%. Year-to-date (YTD), MODG shares are showing a performance of -1.26% which decreased to -32.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.84 but also hit the highest price of $25.96 during that period. The average intraday trading volume for Topgolf Callaway Brands Corp shares is 3.76 million. The stock is currently trading 0.53% above its 20-day simple moving average (SMA20), while that difference is up 9.91% for SMA50 and it goes to -15.70% lower than SMA200.

Topgolf Callaway Brands Corp (NYSE: MODG) currently have 184.90M outstanding shares and institutions hold larger chunk of about 73.14% of that.

The stock has a current market capitalization of $2.61B and its 3Y-monthly beta is at 1.86. PE ratio of stock for trailing 12 months is 30.15, while it has posted earnings per share of $0.47 in the same period. Its PEG reads 2.15 and has Quick Ratio of 0.95 while making debt-to-equity ratio of 1.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MODG, volatility over the week remained 4.53% while standing at 3.89% over the month.

Analysts are in expectations that Topgolf Callaway Brands Corp (MODG) stock would likely to be making an EPS of $Modine Manufacturing Company in the current quarter, while forecast for next quarter EPS is $62.97 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $ModivCare Inc. which is $Model N, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Modular Medical, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -47.96% while it is estimated to decrease by -14.02% in next year. EPS is likely to grow at an annualized rate of 14.00% for next 5-years, compared to annual growth of 13.31% made by the stock over the past 5-years.

Analysts at 15 brokerage firms have issued recommendations for the Topgolf Callaway Brands Corp (MODG)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 15 Wall Street analysts, 7 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stephens on November 09, 2023 offering an Equal-weight rating for the stock and assigned a target price of $13 to it.

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