What should you know before buying stock in Topgolf Callaway Brands Corp (MODG)

Topgolf Callaway Brands Corp (NYSE: MODG) is -16.67% lower on its value in year-to-date trading and has touched a low of $5.42 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 $7.90 in the last trading session, with the day’s loss setting it -1.35%.

Currently trading at $6.55, the stock is -2.88% and 0.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.31 million and changing -17.09% at the moment leaves the stock -25.23% off its SMA200. MODG registered -57.05% loss for a year compared to 6-month loss of -32.82%.

The stock witnessed a 4.47% gain in the last 1 month and extending the period to 3 months gives it a -13.70%, and is -4.66% 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 7.72% over the week and 5.02% over the month.

Topgolf Callaway Brands Corp (MODG) has around 30000 employees, a market worth around $1.20B and $4.19B in sales. Profit margin for the company is -34.68%. Distance from 52-week low is 20.85% and -61.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.61%).

The EPS is expected to shrink by -301.93% this year.

Topgolf Callaway Brands Corp (MODG) Top Institutional Holders

The shares outstanding are 183.70M, and float is at 130.41M with Short Float at 14.46%.

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 12.038% 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 8.3097% 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.