Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Topgolf Callaway Brands Corp (NYSE: MODG) closed at $15.25 down -6.73% from its previous closing price of $16.35. In other words, the price has decreased by -$6.73 from its previous closing price. On the day, 6.54 million shares were traded. MODG stock price reached its highest trading level at $15.81 during the session, while it also had its lowest trading level at $14.68.
Ratios:
For a deeper understanding of Topgolf Callaway Brands Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 159.99. For the most recent quarter (mrq), Quick Ratio is recorded 1.02 and its Current Ratio is at 1.82. In the meantime, Its Debt-to-Equity ratio is 1.13 whereas as Long-Term Debt/Eq ratio is at 1.09.
On November 09, 2023, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $23 to $13.
On September 27, 2023, Morgan Stanley started tracking the stock assigning a Underweight rating and target price of $12.Morgan Stanley initiated its Underweight rating on September 27, 2023, with a $12 target price.
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 Feb 20 ’24 when ANDERSON ERIK J sold 5,000 shares for $14.55 per share. The transaction valued at 72,750 led to the insider holds 777,959 shares of the business.
ANDERSON ERIK J sold 2,028 shares of MODG for $29,994 on Feb 16 ’24. The Director now owns 2,242 shares after completing the transaction at $14.79 per share. On Feb 15 ’24, another insider, ANDERSON ERIK J, who serves as the Director of the company, sold 10,000 shares for $15.12 each. As a result, the insider received 151,200 and left with 782,959 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 3007940608 and an Enterprise Value of 6670025216. As of this moment, Topgolf’s Price-to-Earnings (P/E) ratio for their current fiscal year is 42.85, and their Forward P/E ratio for the next fiscal year is 34.53. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.66 while its Price-to-Book (P/B) ratio in mrq is 0.72. Its current Enterprise Value per Revenue stands at 1.565 whereas that against EBITDA is 13.758.
Stock Price History:
Over the past 52 weeks, MODG has reached a high of $21.86, while it has fallen to a 52-week low of $9.84. The 50-Day Moving Average of the stock is -1.20%, while the 200-Day Moving Average is calculated to be 3.93%.
Shares Statistics:
For the past three months, MODG has traded an average of 2.38M shares per day and 1604040 over the past ten days. A total of 183.70M shares are outstanding, with a floating share count of 140.04M. Insiders hold about 23.73% of the company’s shares, while institutions hold 72.87% stake in the company. Shares short for MODG as of 1713139200 were 14203069 with a Short Ratio of 5.96, compared to 1710460800 on 15776370. Therefore, it implies a Short% of Shares Outstanding of 14203069 and a Short% of Float of 12.109999.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.24.
