Callaway Golf Company (ELY) Reveals an Earnings Mystery

Callaway Golf Company (NYSE:ELY) went up by 1.70% from its latest closing price compared to the recent 1-year high of $22.33. The company’s stock price has collected 5.28% of gains in the last five trading sessions. Press Release reported on 08/27/20 that Phil Mickelson Wins With Callaway Clubs And Golf Ball

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Is It Worth Investing in Callaway Golf Company (NYSE :ELY) Right Now?

Plus, the 36-month beta value for ELY is at 1.98. Opinions of the stock are interesting as 8 analysts out of 10 who provided ratings for Callaway Golf Company declared the stock was a “buy,” while 1 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


The average price from analysts is $23.30, which is $4.06 above the current price. ELY currently public float of 92.26M and currently shorts hold a 17.68% ratio of that float. Today, the average trading volume of ELY was 1.50M shares.

ELY’s Market Performance

ELY stocks went up by 5.28% for the week, with a monthly drop of -8.25% and a quarterly performance of 9.50%, while its annual performance rate touched 1.11%. The volatility ratio for the week stands at 3.65% while the volatility levels for the past 30 days are set at 3.85% for Callaway Golf Company. The simple moving average for the period of the last 20 days is -1.66% for ELY stocks with a simple moving average of 13.29% for the last 200 days.

Analysts’ Opinion of ELY

Many brokerage firms have already submitted their reports for ELY stocks, with Compass Point repeating the rating for ELY by listing it as a “Neutral.” The predicted price for ELY in the upcoming period, according to Compass Point is $20 based on the research report published on August 07th of the current year 2020.

Cowen, on the other hand, stated in their research note that they expect to see ELY reach a price target of $10. The rating they have provided for ELY stocks is “Outperform” according to the report published on March 24th, 2020.

ROTH Capital gave a rating of “Buy” to ELY, setting the target price at $21 in the report published on March 05th of the current year.

ELY Trading at -0.29% from the 50-Day Moving Average

After a stumble in the market that brought ELY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.29% of loss for the given period.

Volatility was left at 3.85%, however, over the last 30 days, the volatility rate increased by 3.65%, as shares sank -10.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.74% upper at present.

During the last 5 trading sessions, ELY rose by +5.28%, which changed the moving average for the period of 200-days by -8.68% in comparison to the 20-day moving average, which settled at $19.35. In addition, Callaway Golf Company saw -9.72% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ELY starting from Hickey Glenn F., who sale 24,595 shares at the price of $21.81 back on Jan 06. After this action, Hickey Glenn F. now owns 8,552 shares of Callaway Golf Company, valued at $536,427 using the latest closing price.

Stock Fundamentals for ELY

Current profitability levels for the company are sitting at:

  • +8.60 for the present operating margin
  • +45.05 for the gross margin

The net margin for Callaway Golf Company stands at +4.67. The total capital return value is set at 12.65, while invested capital returns managed to touch 7.63. Equity return is now at value -18.70, with -7.00 for asset returns.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Based on Callaway Golf Company (ELY), the company’s capital structure generated 99.10 points at debt to equity in total, while total debt to capital is 49.77. Total debt to assets is 38.79, with long-term debt to equity ratio resting at 75.78. Finally, the long-term debt to capital ratio is 38.06.

Currently, EBITDA for the company is 13.34M with total debt to EBITDA at 2.81. When we switch over and look at the enterprise to sales, we see a ratio of 1.58, with the company’s debt to enterprise value settled at 0.28. The receivables turnover for the company is 15.29 and the total asset turnover is 1.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.51.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Important Earnings

Insider Watchlist

We do not sell or share your information with anyone.