The price-to-earnings ratio for Topgolf Callaway Brands Corp (NYSE: MODG) is above average at 24.72x. The 36-month beta value for MODG is also noteworthy at 1.78. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”

The average price estimated by analysts for MODG is $19.18, which is $7.57 above than the current price. The public float for MODG is 141.29M, and at present, short sellers hold a 13.56% of that float. The average trading volume of MODG on November 17, 2023 was 3.11M shares.

MODG) stock’s latest price update

Topgolf Callaway Brands Corp (NYSE: MODG)’s stock price has gone decline by -2.27 in comparison to its previous close of 11.88, however, the company has experienced a 12.17% increase in its stock price over the last five trading days. Market Watch reported 2023-11-09 that Shares of Topgolf Callaway Brands Corp. on Thursday suffered their worst percentage drop in more than three years, after the golf-equipment and venue giant a day earlier cut its full-year outlook and analyst sentiment on the stock soured.

MODG’s Market Performance

Topgolf Callaway Brands Corp (MODG) has experienced a 12.17% rise in stock performance for the past week, with a -14.51% drop in the past month, and a -29.16% drop in the past quarter. The volatility ratio for the week is 4.70%, and the volatility levels for the past 30 days are at 4.42% for MODG. The simple moving average for the last 20 days is -4.65% for MODG’s stock, with a simple moving average of -37.65% for the last 200 days.

Analysts’ Opinion of MODG

Many brokerage firms have already submitted their reports for MODG stocks, with Stephens repeating the rating for MODG by listing it as a “Equal-Weight.” The predicted price for MODG in the upcoming period, according to Stephens is $13 based on the research report published on November 09, 2023 of the current year 2023.

MODG Trading at -14.30% from the 50-Day Moving Average

After a stumble in the market that brought MODG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.28% of loss for the given period.

Volatility was left at 4.42%, however, over the last 30 days, the volatility rate increased by 4.70%, as shares sank -13.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.34% lower at present.

During the last 5 trading sessions, MODG rose by +12.17%, which changed the moving average for the period of 200-days by -53.47% in comparison to the 20-day moving average, which settled at $12.09. In addition, Topgolf Callaway Brands Corp saw -41.22% 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 MODG starting from Flanagan Laura Jean, who purchase 1,676 shares at the price of $11.94 back on Nov 15. After this action, Flanagan Laura Jean now owns 30,301 shares of Topgolf Callaway Brands Corp, valued at $20,003 using the latest closing price.

ANDERSON ERIK J, the Director of Topgolf Callaway Brands Corp, sale 10,000 shares at $12.03 during a trade that took place back on Nov 15, which means that ANDERSON ERIK J is holding 792,959 shares at $120,300 based on the most recent closing price.

Stock Fundamentals for MODG

Current profitability levels for the company are sitting at:

• +7.31 for the present operating margin
• +60.08 for the gross margin

The net margin for Topgolf Callaway Brands Corp stands at +3.95. The total capital return value is set at 4.07, while invested capital returns managed to touch 2.26. Equity return is now at value 2.56, with 1.16 for asset returns.

Based on Topgolf Callaway Brands Corp (MODG), the company’s capital structure generated 100.96 points at debt to equity in total, while total debt to capital is 50.24. Total debt to assets is 44.36, with long-term debt to equity ratio resting at 92.67. Finally, the long-term debt to capital ratio is 46.11.

When we switch over and look at the enterprise to sales, we see a ratio of 1.37, with the company’s debt to enterprise value settled at 0.50. The receivables turnover for the company is 22.18 and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.

Conclusion

In summary, Topgolf Callaway Brands Corp (MODG) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.