The stock of Topgolf Callaway Brands Corp (MODG) has gone up by 17.23% for the week, with a 9.30% rise in the past month and a -12.14% drop in the past quarter. The volatility ratio for the week is 6.46%, and the volatility levels for the past 30 days are 5.06% for MODG. The simple moving average for the past 20 days is 12.30% for MODG’s stock, with a -27.40% simple moving average for the past 200 days.
Is It Worth Investing in Topgolf Callaway Brands Corp (NYSE: MODG) Right Now?
The stock has a 36-month beta value of 1.70. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for MODG is 130.85M, and at present, short sellers hold a 11.69% of that float. On January 07, 2025, the average trading volume of MODG was 2.42M shares.
MODG) stock’s latest price update
The stock price of Topgolf Callaway Brands Corp (NYSE: MODG) has dropped by -3.52 compared to previous close of 9.38. Despite this, the company has seen a gain of 17.23% in its stock price over the last five trading days. proactiveinvestors.com reported 2025-01-03 that Topgolf Callaway Brands (NYSE:MODG) has been upgraded to a ‘Buy’ rating from ‘Hold’ by analysts at Jefferies who see the golf equipment and entertainment brand’s shares as undervalued. Analysts also raised their price target on the company to $13 from $11.
Analysts’ Opinion of MODG
Many brokerage firms have already submitted their reports for MODG stocks, with Jefferies repeating the rating for MODG by listing it as a “Buy.” The predicted price for MODG in the upcoming period, according to Jefferies is $13 based on the research report published on January 02, 2025 of the current year 2025.
B. Riley Securities, 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 $18. The rating they have provided for MODG stocks is “Neutral” according to the report published on October 17th, 2024.
Jefferies gave a rating of “Hold” to MODG, setting the target price at $12 in the report published on August 29th of the previous year.
MODG Trading at 4.62% 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 -46.40% of loss for the given period.
Volatility was left at 5.06%, however, over the last 30 days, the volatility rate increased by 6.46%, as shares surge +12.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.66% lower at present.
During the last 5 trading sessions, MODG rose by +17.23%, which changed the moving average for the period of 200-days by -42.21% in comparison to the 20-day moving average, which settled at $8.06. In addition, Topgolf Callaway Brands Corp saw 15.14% 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 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:
- 0.05 for the present operating margin
- 0.64 for the gross margin
The net margin for Topgolf Callaway Brands Corp stands at -0.0. The total capital return value is set at 0.02. Equity return is now at value -0.31, with -0.13 for asset returns.
Based on Topgolf Callaway Brands Corp (MODG), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is 0.86.
Currently, EBITDA for the company is 484.7 million with net debt to EBITDA at 5.6. When we switch over and look at the enterprise to sales, we see a ratio of 1.0. The receivables turnover for the company is 10.8for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.
Conclusion
To sum up, Topgolf Callaway Brands Corp (MODG) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
