Topgolf Callaway Brands Corp [NYSE: MODG] plunged by -$0.25 during the normal trading session on while it closed the day at $10.57.
Topgolf Callaway Brands Corp stock has also loss -9.43% of its value over the past 7 days. However, MODG stock has declined by -29.67% in the 3 months of the year. Over the past six months meanwhile, it has lost -25.88% and lost -26.29% year-on date.
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The market cap for MODG stock reached $1.94 billion, with 183.70 million shares outstanding and 133.40 million shares in the current float. Compared to the average trading volume of 2.26M shares, MODG reached a trading volume of 5155583 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 $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 2.43. 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.
Raymond James have made an estimate for Topgolf Callaway Brands Corp shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on August 23, 2024. 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 drop from $18 to $13, while BofA Securities kept a Neutral rating on MODG stock.
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 0.46. The Price to Book ratio for the last quarter was 0.49, 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 11.48 with Quick ratio for the last quarter at 1.15.
MODG stock trade performance evaluation
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 -9.43. With this latest performance, MODG shares dropped by -35.67% in over the last four-week period, additionally sinking by -25.88% over the last 6 months – not to mention a drop of -36.74% 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 26.32, with the RSI for the last a single of trading hit 22.79, and the three-weeks RSI is set at 29.20 for Topgolf Callaway Brands Corp [MODG]. The present Moving Average for the last 50 days of trading for this stock 14.01, while it was recorded at 11.03 for the last single week of trading, and 14.32 for the last 200 days.
Topgolf Callaway Brands Corp [MODG]: An insightful look at the core 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 per share (EPS) analysis for Topgolf Callaway Brands Corp [MODG] stock
With the latest financial reports released by the company, Topgolf Callaway Brands Corp posted 0.2/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.08. 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
There are presently around $89.62%, or 101.66%% of MODG stock, in the hands of institutional investors. The top three institutional holders of MODG stocks are: BLACKROCK INC. with ownership of 22.09 million shares, which is approximately 12.0249%. PROVIDENCE EQUITY PARTNERS L.L.C., holding 21.18 million shares of the stock with an approximate value of $$323.98 million in MODG stocks shares; and PROVIDENCE EQUITY PARTNERS L.L.C., currently with $$233.3 million in MODG stock with ownership which is approximately 8.3006%.
