Market Recap: Topgolf Callaway Brands Corp (MODG)’s Negative Momentum, Closing at 14.63

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The closing price of Topgolf Callaway Brands Corp (NYSE: MODG) was $14.63 for the day, down -1.28% from the previous closing price of $14.82. In other words, the price has decreased by -$1.28 from its previous closing price. On the day, 1.78 million shares were traded. MODG stock price reached its highest trading level at $15.01 during the session, while it also had its lowest trading level at $14.595.


Our analysis of MODG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 153.80. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 14 ’24 when ANDERSON ERIK J sold 7,500 shares for $15.37 per share. The transaction valued at 115,275 led to the insider holds 760,459 shares of the business.

ANDERSON ERIK J sold 10,000 shares of MODG for $151,900 on May 10 ’24. The Director now owns 767,959 shares after completing the transaction at $15.19 per share. On Feb 20 ’24, another insider, ANDERSON ERIK J, who serves as the Director of the company, sold 5,000 shares for $14.55 each. As a result, the insider received 72,750 and left with 777,959 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 2685629184 and an Enterprise Value of 6854931968. As of this moment, Topgolf’s Price-to-Earnings (P/E) ratio for their current fiscal year is 41.11, and their Forward P/E ratio for the next fiscal year is 34.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.63 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at 1.609 whereas that against EBITDA is 14.14.

Stock Price History:

The Beta on a monthly basis for MODG is 1.77, which has changed by -0.27966517 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, MODG has reached a high of $20.75, while it has fallen to a 52-week low of $9.84. The 50-Day Moving Average of the stock is -5.10%, while the 200-Day Moving Average is calculated to be 2.71%.

Shares Statistics:

MODG traded an average of 1.71M shares per day over the past three months and 1625750 shares per day over the past ten days. A total of 183.70M shares are outstanding, with a floating share count of 139.78M. Insiders hold about 24.02% of the company’s shares, while institutions hold 72.70% stake in the company. Shares short for MODG as of 1718323200 were 15989713 with a Short Ratio of 9.36, compared to 1715731200 on 13201151. Therefore, it implies a Short% of Shares Outstanding of 15989713 and a Short% of Float of 13.68.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 0.24. The current Payout Ratio is 0.00% for MODG, which recently paid a dividend on 2020-05-26 with an ex-dividend date of 1590451200. Stock splits for the company last occurred on 1995-03-13 when the company split stock in a 2:1 ratio.

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