Topgolf Callaway Brands Corp (NYSE: MODG) is -26.08% lower on its value in year-to-date trading and has touched a low of $9.05 and a high of $16.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MODG stock was last observed hovering at around $10.70 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $10.60, the stock is 2.33% and -15.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.32 million and changing -0.93% at the moment leaves the stock -25.34% off its SMA200. MODG registered -27.35% loss for a year compared to 6-month loss of -32.74%.
The stock witnessed a -6.85% gain in the last 1 month and extending the period to 3 months gives it a -31.52%, and is 1.92% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.64% over the week and 4.85% over the month.
Topgolf Callaway Brands Corp (MODG) has around 32000 employees, a market worth around $1.95B and $4.24B in sales. Current P/E ratio is 114.72 and Fwd P/E is 93.81. Profit margin for the company is 0.50%. Distance from 52-week low is 17.13% and -37.22% from its 52-week high. The company has generated returns on investments over the last 12 months (0.26%).
The EPS is expected to shrink by -74.46% this year.
Topgolf Callaway Brands Corp (MODG) Top Institutional Holders
412.0 institutions hold shares in Topgolf Callaway Brands Corp (MODG), with institutional investors hold 101.67% of the company’s shares. The shares outstanding are 183.70M, and float is at 133.35M with Short Float at 13.00%. Institutions hold 89.62% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 22.09 million shares valued at $337.97 million. The investor’s holdings represent 12.0249% of the MODG Shares outstanding. As of 2024-06-30, the second largest holder is PROVIDENCE EQUITY PARTNERS L.L.C. with 21.18 million shares valued at $323.98 million to account for 11.5271 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 15.25 million shares representing 8.3006% and valued at over $233.3 million, while SHAPIRO CAPITAL MANAGEMENT LLC holds 5.7516 of the shares totaling 10.57 million with a market value of $161.65 million.
Topgolf Callaway Brands Corp (MODG) Insider Activity
The most recent transaction is an insider sale by ANDERSON ERIK J, the company’s Director. SEC filings show that ANDERSON ERIK J sold 10,000 shares of the company’s common stock on May 10 ’24 at a price of $15.19 per share for a total of $0.15 million. Following the sale, the insider now owns 0.77 million shares.
Topgolf Callaway Brands Corp disclosed in a document filed with the SEC on May 14 ’24 that ANDERSON ERIK J (Director) sold a total of 7,500 shares of the company’s common stock. The trade occurred on May 14 ’24 and was made at $15.37 per share for $0.12 million. Following the transaction, the insider now directly holds 0.76 million shares of the MODG stock.
Still, SEC filings show that on Feb 15 ’24, ANDERSON ERIK J (Director) disposed off 10,000 shares at an average price of $15.12 for $0.15 million. The insider now directly holds 782,959 shares of Topgolf Callaway Brands Corp (MODG).
