Topgolf Callaway Brands Corp [NYSE: MODG] loss -9.05% or -0.93 points to close at $9.35 with a heavy trading volume of 5950757 shares.
The daily chart for MODG points out that the company has recorded -33.59% loss over the past six months.
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If we look at the average trading volume of 2.64M shares, MODG reached to a volume of 5950757 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $14.36 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 2.57. 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.
Jefferies have made an estimate for Topgolf Callaway Brands Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 29, 2024. The new note on the price target was released on August 23, 2024, representing the official price target for Topgolf Callaway Brands Corp stock. On August 08, 2024, analysts decreased their price target for MODG shares from 18 to 13.
The Average True Range (ATR) for Topgolf Callaway Brands Corp is set at 0.60, with the Price to Sales ratio for MODG stock in the period of the last 12 months amounting to 0.41. The Price to Book ratio for the last quarter was 0.44, 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 10.16 with Quick ratio for the last quarter at 1.15.
Trading performance analysis for MODG stock
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 -9.40. With this latest performance, MODG shares dropped by -16.59% in over the last four-week period, additionally sinking by -33.59% over the last 6 months – not to mention a drop of -43.30% 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 26.01, with the RSI for the last a single of trading hit 23.53, and the three-weeks RSI is set at 28.23 for Topgolf Callaway Brands Corp [MODG]. The present Moving Average for the last 50 days of trading for this stock 13.20, while it was recorded at 10.24 for the last single week of trading, and 14.28 for the last 200 days.
Topgolf Callaway Brands Corp [MODG]: A deeper dive into fundamental analysis
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.
Topgolf Callaway Brands Corp [MODG]: An earnings per share (EPS) analysis
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%.
An analysis of Institutional ownership at Topgolf Callaway Brands Corp [MODG]
There are presently around $89.58%, or 101.62%% 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%.
