Topgolf Callaway Brands Corp (NYSE: MODG) is -20.99% lower on its value in year-to-date trading and has touched a low of $6.11 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 $6.53 in the last trading session, with the day’s loss setting it -0.32%.
Currently trading at $6.21, the stock is -14.34% and -20.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.69 million and changing -4.90% at the moment leaves the stock -43.20% off its SMA200. MODG registered -56.45% loss for a year compared to 6-month loss of -41.25%.
The stock witnessed a -23.90% gain in the last 1 month and extending the period to 3 months gives it a -25.27%, and is -7.31% 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 7.26% over the week and 5.70% over the month.
Topgolf Callaway Brands Corp (MODG) has around 32000 employees, a market worth around $1.14B and $4.24B in sales. Profit margin for the company is -34.15%. Distance from 52-week low is 1.64% and -63.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.49%).
with sales reaching $1.08B over the same period.The EPS is expected to shrink by -258.89% this year, but quarterly earnings will post -2.55% year-over-year. Quarterly sales are estimated to shrink -5.79% in year-over-year returns.
Topgolf Callaway Brands Corp (MODG) Top Institutional Holders
The shares outstanding are 183.82M, and float is at 130.71M with Short Float at 11.63%.
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 11.5396 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 5.7578 of the shares totaling 10.57 million with a market value of $161.65 million.
Topgolf Callaway Brands Corp (MODG) Insider Activity
A total of 0 insider transactions have happened at Topgolf Callaway Brands Corp (MODG) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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.
Topgolf Callaway Brands Corp (MODG): Who are the competitors?
The company’s main competitors (and peers) include Escalade Inc. (ESCA) that is trading -1.01% down over the past 12 months. Nike Inc. Cl B (NKE) that is -21.23% lower over the same period.
