Topgolf Callaway Brands Corp (NYSE: MODG) is -43.10% lower on its value in year-to-date trading and has touched a low of $8.23 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 $8.54 in the last trading session, with the day’s loss setting it -0.38%.
Currently trading at $8.16, the stock is -14.56% and -18.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.63 million and changing -4.45% at the moment leaves the stock -39.16% off its SMA200. MODG registered -29.72% loss for a year compared to 6-month loss of -45.23%. The firm has a 50-day simple moving average (SMA 50) of $10.0662 and a 200-day simple moving average (SMA200) of $13.4395.
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The stock witnessed a -23.45% gain in the last 1 month and extending the period to 3 months gives it a -30.08%, and is -15.53% down 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 7.78% over the week and 4.91% over the month.
Topgolf Callaway Brands Corp (MODG) has around 32000 employees, a market worth around $1.53B and $4.21B in sales. Fwd P/E is 1165.71. Profit margin for the company is -0.29%. Distance from 52-week low is -0.85% and -51.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.15%).
The EPS is expected to shrink by -72.91% this year.
Topgolf Callaway Brands Corp (MODG) Top Institutional Holders
401.0 institutions hold shares in Topgolf Callaway Brands Corp (MODG), with institutional investors hold 101.62% of the company’s shares. The shares outstanding are 183.70M, and float is at 130.71M with Short Float at 12.49%. Institutions hold 89.59% 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).
