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As of close of business last night, Topgolf Callaway Brands Corp’s stock clocked out at $15.41, down -1.66% from its previous closing price of $15.67. In other words, the price has decreased by -$1.66 from its previous closing price. On the day, 1.98 million shares were traded. MODG stock price reached its highest trading level at $16.0852 during the session, while it also had its lowest trading level at $15.38.
Ratios:
To gain a deeper understanding of MODG’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.88 and its Current Ratio is at 1.72. In the meantime, Its Debt-to-Equity ratio is 1.12 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 2835008512 and an Enterprise Value of 6812345344. As of this moment, Topgolf’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.65, and their Forward P/E ratio for the next fiscal year is 35.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.48. 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 0.73. Its current Enterprise Value per Revenue stands at 1.59 whereas that against EBITDA is 13.928.
Stock Price History:
Over the past 52 weeks, MODG has reached a high of $23.01, while it has fallen to a 52-week low of $9.84. The 50-Day Moving Average of the stock is 3.63%, while the 200-Day Moving Average is calculated to be 3.01%.
Shares Statistics:
It appears that MODG traded 2.59M shares on average per day over the past three months and 1535570 shares per day over the past ten days. A total of 183.70M shares are outstanding, with a floating share count of 139.18M. Insiders hold about 24.20% of the company’s shares, while institutions hold 73.70% stake in the company. Shares short for MODG as of 1711584000 were 14507845 with a Short Ratio of 5.60, compared to 1709164800 on 15993883. Therefore, it implies a Short% of Shares Outstanding of 14507845 and a Short% of Float of 10.33.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.24.
Earnings Estimates
Investors are eagerly awaiting the insights provided by Modine Manufacturing Company analysts currently analyzing and rating the stock of Topgolf Callaway Brands Corp (MODG).The consensus estimate for the next quarter is $24.96, with high estimates of $29.77 and low estimates of $15.41.
