In the latest session, Topgolf Callaway Brands Corp. (NYSE: MODG) closed at $17.27 up 3.04% from its previous closing price of $16.76. In other words, the price has increased by $+0.51 from its previous closing price. On the day, 4144446 shares were traded. MODG stock price reached its highest trading level at $17.33 during the session, while it also had its lowest trading level at $16.62.
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Ratios:
For a deeper understanding of Topgolf Callaway Brands Corp.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 1.60. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.47.
Upgrades & Downgrades
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 22 when Fine Rebecca bought 7,000 shares for $16.23 per share. The transaction valued at 113,610 led to the insider holds 21,012 shares of the business.
ANDERSON ERIK J sold 10,000 shares of MODG for $181,200 on May 17. The Director now owns 862,959 shares after completing the transaction at $18.12 per share. On May 15, another insider, ANDERSON ERIK J, who serves as the Director of the company, sold 10,000 shares for $17.93 each. As a result, the insider received 179,300 and left with 872,959 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MODG now has a Market Capitalization of 3.21B and an Enterprise Value of 6.59B. As of this moment, Topgolf’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.67, and their Forward P/E ratio for the next fiscal year is 19.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.82 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 1.60 whereas that against EBITDA is 14.37.
Stock Price History:
Over the past 52 weeks, MODG has reached a high of $25.96, while it has fallen to a 52-week low of $16.13. The 50-Day Moving Average of the stock is 20.80, while the 200-Day Moving Average is calculated to be 21.31.
Shares Statistics:
For the past three months, MODG has traded an average of 2.07M shares per day and 4.34M over the past ten days. A total of 185.20M shares are outstanding, with a floating share count of 152.66M. Insiders hold about 0.20% of the company’s shares, while institutions hold 80.80% stake in the company. Shares short for MODG as of May 14, 2023 were 10.84M with a Short Ratio of 10.28M, compared to 9.5M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.84% and a Short% of Float of 7.61%.
Earnings Estimates
There are 10 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.33 for the current quarter, with a high estimate of $0.36 and a low estimate of $0.28, while EPS last year was $0.47. The consensus estimate for the next quarter is $0.3, with high estimates of $0.37 and low estimates of $0.25.
Analysts are recommending an EPS of between $0.68 and $0.62 for the fiscal current year, implying an average EPS of $0.66. EPS for the following year is $0.88, with 10 analysts recommending between $1.3 and $0.77.
Revenue Estimates
A total of 12 analysts believe the company’s revenue will be $1.19B this quarter.It ranges from a high estimate of $1.21B to a low estimate of $1.18B. As of the current estimate, Topgolf Callaway Brands Corp.’s year-ago sales were $1.12B, an estimated increase of 6.70% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $1.12B, an increase of 13.00% over than the figure of $6.70% in the same quarter last year. There is a high estimate of $1.13B for the next quarter, whereas the lowest estimate is $1.1B.
A total of 12 analysts have provided revenue estimates for MODG’s current fiscal year. The highest revenue estimate was $4.47B, while the lowest revenue estimate was $4.43B, resulting in an average revenue estimate of $4.45B. In the same quarter a year ago, actual revenue was $4B, up 11.40% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $4.89B in the next fiscal year. The high estimate is $5.15B and the low estimate is $4.7B. The average revenue growth estimate for next year is up 9.90% from the average revenue estimate for this year.
