The price-to-earnings ratio for Topgolf Callaway Brands Corp (NYSE: MODG) is above average at 43.69x, Company’s 36-month beta value is 1.77.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MODG is 139.87M, and currently, short sellers hold a 10.91% ratio of that floaft. The average trading volume of MODG on July 25, 2024 was 1.79M shares.
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MODG) stock’s latest price update
Topgolf Callaway Brands Corp (NYSE: MODG)’s stock price has decreased by -0.64 compared to its previous closing price of 15.65. However, the company has seen a -1.21% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-07-22 that Schauffele makes history and becomes the Champion Golfer of the Year with an iconic final round 65 at Royal Troon CARLSBAD, Calif., July 22, 2024 /PRNewswire/ — On Sunday, Callaway Staff Professional Xander Schauffele earned his 2nd major win of the year at The Open to become the Champion Golfer Of The Year.
MODG’s Market Performance
Topgolf Callaway Brands Corp (MODG) has seen a -1.21% fall in stock performance for the week, with a 0.45% gain in the past month and a -3.83% plunge in the past quarter. The volatility ratio for the week is 3.10%, and the volatility levels for the past 30 days are at 2.67% for MODG. The simple moving average for the last 20 days is 3.14% for MODG stock, with a simple moving average of 8.73% 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 previous year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see MODG reach a price target of $13, previously predicting the price at $23. The rating they have provided for MODG stocks is “Neutral” according to the report published on November 09th, 2023.
Morgan Stanley gave a rating of “Underweight” to MODG, setting the target price at $12 in the report published on September 27th of the previous year.
MODG Trading at 2.50% 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 -22.79% of loss for the given period.
Volatility was left at 2.67%, however, over the last 30 days, the volatility rate increased by 3.10%, as shares surge +1.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.12% upper at present.
During the last 5 trading sessions, MODG fell by -1.21%, which changed the moving average for the period of 200-days by +15.96% in comparison to the 20-day moving average, which settled at $15.09. In addition, Topgolf Callaway Brands Corp saw 8.44% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MODG starting from ANDERSON ERIK J, who sale 7,500 shares at the price of $15.37 back on May 14 ’24. After this action, ANDERSON ERIK J now owns 760,459 shares of Topgolf Callaway Brands Corp, valued at $115,275 using the latest closing price.
ANDERSON ERIK J, the Director of Topgolf Callaway Brands Corp, sale 10,000 shares at $15.19 during a trade that took place back on May 10 ’24, which means that ANDERSON ERIK J is holding 767,959 shares at $151,900 based on the most recent closing price.
Stock Fundamentals for MODG
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.63 for the gross margin
The net margin for Topgolf Callaway Brands Corp stands at 0.02. The total capital return value is set at 0.03. Equity return is now at value 1.99, with 0.85 for asset returns.
Based on Topgolf Callaway Brands Corp (MODG), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is 1.14.
Currently, EBITDA for the company is 509.2 million with net debt to EBITDA at 8.07. When we switch over and look at the enterprise to sales, we see a ratio of 1.65. The receivables turnover for the company is 8.47for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.82.
Conclusion
In a nutshell, Topgolf Callaway Brands Corp (MODG) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
