Topgolf Callaway Brands Corp [NYSE: MODG] jumped around 0.3 points on Tuesday, while shares priced at $11.73 at the close of the session, up 2.62%.
Compared to the average trading volume of 2.02M shares, MODG reached a trading volume of 4149736 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus 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 $16.82 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 2.29. 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.
KeyBanc Capital Markets have made an estimate for Topgolf Callaway Brands Corp shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on August 08, 2024. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $18 to $13. The new note on the price target was released on August 08, 2024, representing the official price target for Topgolf Callaway Brands Corp stock. Previously, the target price had yet another raise to $13, while Stephens analysts kept a Equal-Weight rating on MODG stock. On November 09, 2023, analysts decreased their price target for MODG shares from 23 to 13.
The Average True Range (ATR) for Topgolf Callaway Brands Corp is set at 0.75, with the Price to Sales ratio for MODG stock in the period of the last 12 months amounting to 0.51. The Price to Book ratio for the last quarter was 0.55, with the Price to Cash per share for the same quarter was set at 1.70. Price to Free Cash Flow for MODG in the course of the last twelve months was 12.74 with Quick ratio for the last quarter at 1.15.
How has MODG stock performed recently?
Topgolf Callaway Brands Corp [MODG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.21. With this latest performance, MODG shares dropped by -21.38% in over the last four-week period, additionally sinking by -17.97% over the last 6 months – not to mention a drop of -30.18% 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 27.20, with the RSI for the last a single of trading hit 23.90, and the three-weeks RSI is set at 30.46 for Topgolf Callaway Brands Corp [MODG]. The present Moving Average for the last 50 days of trading for this stock 14.89, while it was recorded at 11.71 for the last single week of trading, and 14.38 for the last 200 days.
Topgolf Callaway Brands Corp [MODG]: Deeper insight into the fundamentals
Topgolf Callaway Brands Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.15 and a Current Ratio set at 1.93.
Earnings analysis for Topgolf Callaway Brands Corp [MODG]
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%.
Insider trade positions for Topgolf Callaway Brands Corp [MODG]
The top three institutional holders of MODG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in MODG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in MODG stock with ownership which is approximately 5.1238%.
