Topgolf Callaway Brands Corp (NYSE: MODG) is -23.92% lower on its value in year-to-date trading and has touched a low of $5.90 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 $6.31 in the last trading session, with the day’s loss setting it -0.33%.
Currently trading at $5.98, the stock is -12.18% and -21.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.18 million and changing -5.23% at the moment leaves the stock -44.14% off its SMA200. MODG registered -56.89% loss for a year compared to 6-month loss of -43.58%.
The stock witnessed a -25.25% gain in the last 1 month and extending the period to 3 months gives it a -27.78%, and is -3.70% 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 5.26% over the week and 5.85% over the month.
Topgolf Callaway Brands Corp (MODG) has around 30000 employees, a market worth around $1.10B and $4.24B in sales. Profit margin for the company is -34.15%. Distance from 52-week low is 1.36% and -64.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.48%).
with sales reaching $1.08B over the same period.The EPS is expected to shrink by -276.09% this year, but quarterly earnings will post -3.07% 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 183.10M, and float is at 130.41M with Short Float at 11.65%.
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
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.
