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Things appear to be looking up for Topgolf Callaway Brands Corp (MODG)

Topgolf Callaway Brands Corp (NYSE: MODG) is -42.12% lower on its value in year-to-date trading and has touched a low of $7.93 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 $8.02 in the last trading session, with the day’s gains setting it 0.28%.

Currently trading at $8.30, the stock is -2.31% and -12.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.57 million and changing 3.49% at the moment leaves the stock -36.22% off its SMA200. MODG registered -34.49% loss for a year compared to 6-month loss of -45.54%. The firm has a 50-day simple moving average (SMA 50) of $9.5476 and a 200-day simple moving average (SMA200) of $13.0447.

The stock witnessed a -14.87% gain in the last 1 month and extending the period to 3 months gives it a -11.23%, and is -3.04% 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 4.19% over the week and 5.45% over the month.

Topgolf Callaway Brands Corp (MODG) has around 32000 employees, a market worth around $1.52B and $4.21B in sales. Fwd P/E is 1824.18. Profit margin for the company is -0.29%. Distance from 52-week low is 4.67% and -50.84% 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 -71.80% this year.

Topgolf Callaway Brands Corp (MODG) Top Institutional Holders

403.0 institutions hold shares in Topgolf Callaway Brands Corp (MODG), with institutional investors hold 101.62% of the company’s shares. The shares outstanding are 190.20M, and float is at 130.71M with Short Float at 12.04%. 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).

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