Callaway Golf Company [NYSE: ELY] surged by $0.64 during the normal trading session on Tuesday and reaching a high of $16.645 during the day while it closed the day at $16.43. Callaway Golf Company stock has also loss -1.68% of its value over the past 7 days. However, ELY stock has inclined by 126.00% in the 3 months of the year. Over the past six months meanwhile, it has lost -21.61% and lost -22.50% year-on date.
The market cap for ELY stock reached $1.45 billion, with 94.31 million shares outstanding and 92.21 million shares in the current float. Compared to the average trading volume of 2.17M shares, ELY reached a trading volume of 1678908 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here’s what leading stock market gurus have to say about Callaway Golf Company [ELY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ELY shares is $17.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ELY stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cowen have made an estimate for Callaway Golf Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 24, 2020. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on March 05, 2020, representing the official price target for Callaway Golf Company stock. Previously, the target price had yet another raise from $22 to $26, while Imperial Capital kept a Outperform rating on ELY stock.
The Average True Range (ATR) for Callaway Golf Company is set at 1.05, with the Price to Sales ratio for ELY stock in the period of the last 12 months amounting to 0.89. The Price to Book ratio for the last quarter was 2.04, with the Price to Cash per share for the same quarter was set at 1.89. Price to Free Cash Flow for ELY in the course of the last twelve months was 29.34 with Quick ratio for the last quarter at 0.80.
ELY stock trade performance evaluation
Callaway Golf Company [ELY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.68. With this latest performance, ELY shares gained by 26.97% in over the last four-week period, additionally sinking by -21.61% over the last 6 months – not to mention a drop of -8.62% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ELY stock in for the last two-week period is set at 59.12, with the RSI for the last a single of trading hit 57.40, and the three-weeks RSI is set at 57.72 for Callaway Golf Company [ELY]. The present Moving Average for the last 50 days of trading for this stock 13.51, while it was recorded at 15.88 for the last single week of trading, and 17.39 for the last 200 days.
Callaway Golf Company [ELY]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Callaway Golf Company [ELY] shares currently have an operating margin of +8.60 and a Gross Margin at +45.05. Callaway Golf Company’s Net Margin is presently recorded at +4.67.
Return on Total Capital for ELY is now 12.65, given the latest momentum, and Return on Invested Capital for the company is 7.63. Return on Equity for this stock inclined to 10.65, with Return on Assets sitting at 5.27. When it comes to the capital structure of this company, Callaway Golf Company [ELY] has a Total Debt to Total Equity ratio set at 99.10. Additionally, ELY Total Debt to Total Capital is recorded at 49.77, with Total Debt to Total Assets ending up at 38.79. Long-Term Debt to Equity for the company is recorded at 75.78, with the Long-Term Debt to Total Capital now at 38.06.
Reflecting on the efficiency of the workforce at the company, Callaway Golf Company [ELY] managed to generate an average of $18,907 per employee. Receivables Turnover for the company is 15.29 with a Total Asset Turnover recorded at a value of 1.13.Callaway Golf Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.40.
Earnings per share (EPS) analysis for Callaway Golf Company [ELY] stock
With the latest financial reports released by the company, Callaway Golf Company posted 0.37/share EPS, while the average EPS was predicted by analysts to be reported at 0.25/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 48.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ELY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Callaway Golf Company go to 30.90%.
Callaway Golf Company [ELY]: Insider Ownership positions
There are presently around $1,441 million, or 99.50% of ELY stock, in the hands of institutional investors. The top three institutional holders of ELY stocks are: BLACKROCK INC. with ownership of 13,850,561, which is approximately -2.107% of the company’s market cap and around 1.70% of the total institutional ownership; VANGUARD GROUP INC, holding 7,944,015 shares of the stock with an approximate value of $125.44 million in ELY stocks shares; and JANA PARTNERS LLC, currently with $102.56 million in ELY stock with ownership of nearly -17.324% of the company’s market capitalization.
Positions in Callaway Golf Company stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 133 institutional holders increased their position in Callaway Golf Company [NYSE:ELY] by around 8,920,083 shares. Additionally, 138 investors decreased positions by around 10,720,310 shares, while 30 investors held positions by with 71,600,703 shares. The mentioned changes placed institutional holdings at 91,241,096 shares, according to the latest SEC report filing. ELY stock had 46 new institutional investments in for a total of 2,142,856 shares, while 62 institutional investors sold positions of 4,075,395 shares during the same period.