Assessing Whether Topgolf Callaway Brands Corp (NYSE: MODG) Is Over- Or Undervalued

Topgolf Callaway Brands Corp (MODG) concluded trading on Thursday at a closing price of $8.09, with 2.86 million shares of worth about $23.11 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -48.60% during that period and on January 16, 2025 the price saw a loss of about -0.49%. Currently the company’s common shares owned by public are about 190.20M shares, out of which, 130.85M shares are available for trading.

Stock saw a price change of -6.37% in past 5 days and over the past one month there was a price change of 2.15%. Year-to-date (YTD), MODG shares are showing a performance of 2.93% which decreased to -42.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.22 but also hit the highest price of $16.89 during that period. The average intraday trading volume for Topgolf Callaway Brands Corp shares is 2.52 million. The stock is currently trading -0.87% below its 20-day simple moving average (SMA20), while that difference is down -4.26% for SMA50 and it goes to -33.70% lower than SMA200.

Topgolf Callaway Brands Corp (NYSE: MODG) currently have 190.20M outstanding shares and institutions hold larger chunk of about 70.97% of that.

The stock has a current market capitalization of $1.49B and its 3Y-monthly beta is at 1.70. It has posted earnings per share of -$0.08 in the same period. It has Quick Ratio of 1.14 while making debt-to-equity ratio of 1.13. 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 5.07% while standing at 5.40% over the month.

Stock’s fiscal year EPS is expected to drop by -71.80% while it is estimated to decrease by -103.29% in next year.

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 Jefferies on January 02, 2025 offering a Buy rating for the stock and assigned a target price range of between $11 and $13 to it. Coverage by B. Riley Securities stated Topgolf Callaway Brands Corp (MODG) stock as a Neutral in their note to investors on October 17, 2024, suggesting a price target of $12 for the stock. Stock get a Sector weight rating from KeyBanc Capital Markets on August 08, 2024.

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