Topgolf Callaway Brands Corp (NYSE: MODG)’s stock price has decreased by -2.44 compared to its previous closing price of 10.66. However, the company has seen a -2.26% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-21 that The long-awaited venue will be located at 427 Creekside Way DALLAS, Oct. 21, 2024 /PRNewswire/ — Topgolf announced today it broke ground on a two-level venue located in New Braunfels Town Center at Creekside, a 400+ acre master-planned mixed-use development. The new venue is set to open in late 2025.
Is It Worth Investing in Topgolf Callaway Brands Corp (NYSE: MODG) Right Now?
Topgolf Callaway Brands Corp (NYSE: MODG) has a higher price-to-earnings ratio of 112.55x compared to its average ratio. MODG has 36-month beta value of 1.75. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 2 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for MODG is 133.35M, and currently, short sellers hold a 13.61% ratio of that float. The average trading volume of MODG on October 22, 2024 was 3.11M shares.
MODG’s Market Performance
MODG stock saw a decrease of -2.26% in the past week, with a monthly decline of -2.80% and a quarterly a decrease of -33.55%. The volatility ratio for the week is 4.16%, and the volatility levels for the last 30 days are 4.15% for Topgolf Callaway Brands Corp (MODG). The simple moving average for the last 20 days is -0.21% for MODG stock, with a simple moving average of -24.94% for the last 200 days.
Analysts’ Opinion of MODG
Many brokerage firms have already submitted their reports for MODG stocks, with B. Riley Securities repeating the rating for MODG by listing it as a “Neutral.” The predicted price for MODG in the upcoming period, according to B. Riley Securities is $12 based on the research report published on October 17, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see MODG reach a price target of $12, previously predicting the price at $40. The rating they have provided for MODG stocks is “Hold” according to the report published on August 29th, 2024.
MODG Trading at -1.98% 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 -38.41% of loss for the given period.
Volatility was left at 4.15%, however, over the last 30 days, the volatility rate increased by 4.16%, as shares sank -1.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.23% lower at present.
During the last 5 trading sessions, MODG fell by -2.26%, which changed the moving average for the period of 200-days by -22.04% in comparison to the 20-day moving average, which settled at $10.42. In addition, Topgolf Callaway Brands Corp saw -27.48% 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 ANDERSON ERIK J, who sale 10,000 shares at the price of $15.19 back on May 10 ’24. After this action, ANDERSON ERIK J now owns 767,959 shares of Topgolf Callaway Brands Corp, valued at $151,900 using the latest closing price.
ANDERSON ERIK J, the Director of Topgolf Callaway Brands Corp, sale 7,500 shares at $15.37 during a trade that took place back on May 14 ’24, which means that ANDERSON ERIK J is holding 760,459 shares at $115,275 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 0.01. The total capital return value is set at 0.03. Equity return is now at value 0.54, with 0.23 for asset returns.
Based on Topgolf Callaway Brands Corp (MODG), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 1.07.
Currently, EBITDA for the company is 509.2 million with net debt to EBITDA at 8.04. When we switch over and look at the enterprise to sales, we see a ratio of 1.41. The receivables turnover for the company is 8.85for 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 1.93.
Conclusion
To put it simply, Topgolf Callaway Brands Corp (MODG) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
