Callaway Golf Company (NYSE:ELY) went down by -1.97% from its latest closing price compared to the recent 1-year high of $37.75. The company’s stock price has collected -17.43% of loss in the last five trading sessions. The Wall Street Journal reported on 10/27/20 that Callaway Golf to Buy Rest of Topgolf
Is It Worth Investing in Callaway Golf Company (NYSE :ELY) Right Now?
Callaway Golf Company (NYSE:ELY) scored a price-to-earnings ratio above its average ratio, recording 7.38 x from its present earnings ratio. Plus, the 36-month beta value for ELY is at 1.85. Opinions of the stock are interesting as 10 analysts out of 14 who provided ratings for Callaway Golf Company declared the stock was a “buy,” while 2 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $37.92, which is $20.62 above the current price. ELY currently public float of 152.56M and currently shorts hold a 7.39% ratio of that float. Today, the average trading volume of ELY was 1.93M shares.
ELY’s Market Performance
ELY stocks went down by -17.43% for the week, with a monthly drop of -19.89% and a quarterly performance of -26.75%, while its annual performance rate touched -47.01%. The volatility ratio for the week stands at 6.60% while the volatility levels for the past 30 days are set at 5.18% for Callaway Golf Company. The simple moving average for the period of the last 20 days is -18.54% for ELY stocks with a simple moving average of -32.16% for the last 200 days.
Analysts’ Opinion of ELY
Many brokerage firms have already submitted their reports for ELY stocks, with JP Morgan repeating the rating for ELY by listing it as a “Overweight.” The predicted price for ELY in the upcoming period, according to JP Morgan is $30 based on the research report published on April 22nd of the current year 2022.
Goldman, on the other hand, stated in their research note that they expect to see ELY reach a price target of $29. The rating they have provided for ELY stocks is “Neutral” according to the report published on December 14th, 2021.
BofA Securities gave a rating of “Buy” to ELY, setting the target price at $45 in the report published on November 16th of the previous year.
ELY Trading at -21.34% 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 -52.42% of loss for the given period.
Volatility was left at 5.18%, however, over the last 30 days, the volatility rate increased by 6.60%, as shares sank -19.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.41% lower at present.
During the last 5 trading sessions, ELY fell by -17.43%, which changed the moving average for the period of 200-days by -45.16% in comparison to the 20-day moving average, which settled at $21.84. In addition, Callaway Golf Company saw -34.55% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at ELY starting from Lynch Brian P., who purchase 15,000 shares at the price of $21.73 back on Mar 14. After this action, Lynch Brian P. now owns 36,575 shares of Callaway Golf Company, valued at $325,894 using the latest closing price.
BREWER OLIVER G III, the President and CEO of Callaway Golf Company, purchase 16,000 shares at $21.55 during a trade that took place back on Mar 14, which means that BREWER OLIVER G III is holding 664,102 shares at $344,800 based on the most recent closing price.
Stock Fundamentals for ELY
Current profitability levels for the company are sitting at:
- +6.78 for the present operating margin
- +35.65 for the gross margin
The net margin for Callaway Golf Company stands at +10.28. Equity return is now at value 8.70, with 4.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.35.