Topgolf Callaway Brands Corp (MODG) Volatility Spurs A Quest For Clarity

Currently, there are 184.90M common shares owned by the public and among those 141.05M shares have been available to trade.

Insiders at the company have transacted a total of 117 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 74 of these insider trades were purchases, accounting for 1,510,669 shares. Insider sales of the common stock occurred on 43 occasions, with total insider shares sold totaling 4,234,530 shares.

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However, the script later moved the day high at 13.84, down -5.38%. The company’s stock has a 5-day price change of 1.96% and 34.63% over the past three months. MODG shares are trading -5.65% year to date (YTD), with the 12-month market performance down to -41.61% lower. It has a 12-month low price of $9.84 and touched a high of $24.43 over the same period. MODG has an average intraday trading volume of 1.55 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.56%, -1.42%, and -14.92% respectively.

Institutional ownership of Topgolf Callaway Brands Corp (NYSE: MODG) shares accounts for 69.43% of the company’s 184.90M shares outstanding.

It has a market capitalization of $2.50B and a beta (3y monthly) value of 1.86. The stock’s trailing 12-month PE ratio is 28.81, while the earnings-per-share (ttm) stands at $0.47. The company has a PEG of 2.06 and a Quick Ratio of 0.95 with the debt-to-equity ratio at 1.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.44% over the week and 3.71% over the month.

Earnings per share for the fiscal year are expected to decrease by -29.37%, and 10.91% over the next financial year. EPS should grow at an annualized rate of 14.00% over the next five years, compared to 13.31% over the past 5-year period.

Looking at the support for the MODG, a number of firms have released research notes about the stock. Stephens stated their Equal-Weight rating for the stock in a research note on November 09, 2023, with the firm’s price target at $13.

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