For Topgolf Callaway Brands Corp [MODG], Analyst sees a rise to $13. What next?

Topgolf Callaway Brands Corp [NYSE: MODG] plunged by -$0.53 during the normal trading session on Thursday and reaching a high of $14.57 during the day while it closed the day at $14.16. The company report on January 3, 2024 at 8:00 PM that Callaway Golf Announces New Paradym Ai Smoke Woods and Irons.

Real player data combined with revolutionary technology helped create the new Ai Smart Face. Multiple sweet spots across the face are designed to unlock added distance for every player.

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Today Callaway Golf, one of the industry’s leaders in equipment design, performance, and innovation, announced their new family of Paradym Ai Smoke Drivers, Fairway Woods, Irons, and Hybrids. Designed with extensive player data and a new Ai Smart Face to create sweet spots across the entire face, these clubs are available for pre-sale on January 12, and at retail starting on January 26.

Topgolf Callaway Brands Corp stock has also gained 6.15% of its value over the past 7 days. However, MODG stock has inclined by 5.99% in the 3 months of the year. Over the past six months meanwhile, it has lost -30.28% and lost -1.26% year-on date.

The market cap for MODG stock reached $2.61 billion, with 184.90 million shares outstanding and 141.05 million shares in the current float. Compared to the average trading volume of 3.76M shares, MODG reached a trading volume of 2504757 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Topgolf Callaway Brands Corp [MODG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MODG shares is $17.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MODG stock is a recommendation set at 2.00. 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.

Stephens have made an estimate for Topgolf Callaway Brands Corp shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on November 09, 2023.

The Average True Range (ATR) for Topgolf Callaway Brands Corp is set at 0.57, with the Price to Sales ratio for MODG stock in the period of the last 12 months amounting to 0.62. The Price to Book ratio for the last quarter was 0.66, with the Price to Cash per share for the same quarter was set at 1.79.

MODG stock trade performance evaluation

Topgolf Callaway Brands Corp [MODG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.15. With this latest performance, MODG shares gained by 9.01% in over the last four-week period, additionally sinking by -30.28% over the last 6 months – not to mention a drop of -32.64% 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 MODG stock in for the last two-week period is set at 54.38, with the RSI for the last a single of trading hit 52.35, and the three-weeks RSI is set at 54.28 for Topgolf Callaway Brands Corp [MODG]. The present Moving Average for the last 50 days of trading for this stock 12.92, while it was recorded at 14.36 for the last single week of trading, and 16.76 for the last 200 days.

Topgolf Callaway Brands Corp [MODG]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Topgolf Callaway Brands Corp [MODG] shares currently have an operating margin of +7.31 and a Gross Margin at +60.08. Topgolf Callaway Brands Corp’s Net Margin is presently recorded at +3.95.

Return on Total Capital for MODG is now 4.07, given the latest momentum, and Return on Invested Capital for the company is 2.26. Return on Equity for this stock inclined to 4.23, with Return on Assets sitting at 1.93. When it comes to the capital structure of this company, Topgolf Callaway Brands Corp [MODG] has a Total Debt to Total Equity ratio set at 100.96. Additionally, MODG Total Debt to Total Capital is recorded at 50.24, with Total Debt to Total Assets ending up at 44.36. Long-Term Debt to Equity for the company is recorded at 92.67, with the Long-Term Debt to Total Capital now at 46.11.

Reflecting on the efficiency of the workforce at the company, Topgolf Callaway Brands Corp [MODG] managed to generate an average of $4,934 per employee. Receivables Turnover for the company is 22.18 with a Total Asset Turnover recorded at a value of 0.49.Topgolf Callaway Brands Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.95 and a Current Ratio set at 1.76.

Earnings per share (EPS) analysis for Topgolf Callaway Brands Corp [MODG] stock

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 MODG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Topgolf Callaway Brands Corp go to 14.00%.

Topgolf Callaway Brands Corp [MODG]: Institutional Ownership

The top three institutional holders of MODG stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in MODG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in MODG stock with ownership which is approximately 5.8325%.