The Callaway Golf Company (NYSE:ELY) is going up by 2.52% in today’s trading session, a rise equivalent to 0.46% of the stock’s price from yesterday’s market close. A news came out on 09/10/19 stating that Callaway Golf Announces JAWS MD5 Wedges by WSJ. The lowest point that the shares touched during the trading session was $18.01, while the peak of the day was recorded at a share price of $18.51. ELY finished the previous session at $18.29 according to the data provided by Barchart, while the trading volume was observed to be $973,332.
In the 100 days of trading, ELY managed to top a 17.21% Moving average. Additionally, Callaway Golf Company shares have achieved a 52-week range between 14.44 and 24.67 alongside 100 days raw stochastic set at 76.49%.
The number of shares outstanding, according to the fundamentals of the company, is set at 93.15M, equal to the value of $1.70B in market capitalization. In the last 30 days, Callaway Golf Company shares went down by -2.33%, adding 19.23 to growth in value, on top of a +14.04% boost since 08/09/19.
Callaway Golf Company (NYSE:ELY) Analyst’s Estimates
Callaway Golf Company (ELY) could record at least $0.24 per share in quarterly earnings in the upcoming report on 10/21/2019, a number that would actually represent an increase of 14.34% YOY.
According to the average analyst rating, Callaway Golf Company would be rated as Buy. Out of 12 different analysts monitoring ELY stock, 9 analysts rate the stock as a BUY, 2 suggest to give the rating of HOLD, 1 indicate that ELY is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On Sep-11-19, the stock earned a Upgrade rating due to a new analyst call from Raymond James, while analysts from Stephens believe that the stock is set at Overweight from Equal-Weight, as concluded on Aug-09-19. Berenberg, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on Feb-13-19.
Regardless of the rating, Imperial Capital did decrease their price from $25 to $22 as they are considering target share price analysis. Stephens, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Jan-09-19, giving the stock a Equal-Weight rating.
ELY Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +46.52% has been attained, while the operating margin has been recorded at +10.61%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 10.25%. Beta value of the stock is recorded at 1.25. Additionally, Callaway Golf Company is recording price volatility of 2.41% for the period of the last seven days and 3.10% in the last 30 days.
Callaway Golf Company (NYSE:ELY) Technical Outlook
For the period of the last 50 days, Callaway Golf Company had its Raw Stochastic average set at 63.69% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 83.77%. Stochastic %K for Callaway Golf Company, with the last 20 days included, was set at 87.58%, having Stochastic %D topping 72.41%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Callaway Golf Company stocks with recording 19.54% in metrics.
Callaway Golf Company Insider Watch:
As far as the position of shares issued by Callaway Golf Company (NYSE:ELY) for the period concluded at the market close of 09/10/19, 127 institutional investors increased their positions in ELY shares by 20,830,453, 130 decreased positions by 12,538,779 and 39 institutional investors decided to hold positions at 61,084,271. These numbers put the complete list of institutional holdings set at 94,453,503 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 37 institutional investments with 11,908,929 new shares in addition to having 47 institutional investors selling their positions in 4,354,471 shares.