Topgolf Callaway Brands Corp (NYSE: MODG) is -25.80% 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 $10.41 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $10.64, the stock is 2.23% and -1.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.87 million and changing 2.21% at the moment leaves the stock -23.66% off its SMA200. MODG registered -17.26% loss for a year compared to 6-month loss of -32.23%. The firm has a 50-day simple moving average (SMA 50) of $10.8118 and a 200-day simple moving average (SMA200) of $13.9383.
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The stock witnessed a 4.31% gain in the last 1 month and extending the period to 3 months gives it a -31.75%, and is 7.47% 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 4.12% over the week and 4.06% over the month.
Topgolf Callaway Brands Corp (MODG) has around 32000 employees, a market worth around $1.96B and $4.24B in sales. Current P/E ratio is 115.15 and Fwd P/E is 94.17. Profit margin for the company is 0.50%. Distance from 52-week low is 17.57% and -36.99% 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 101.60% of the company’s shares. The shares outstanding are 183.70M, and float is at 133.35M with Short Float at 13.61%. Institutions hold 89.57% 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).
