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Topgolf Callaway Brands Corp (NYSE: MODG) closed the day trading at $9.44 down -2.28% from the previous closing price of $9.66. In other words, the price has decreased by -$2.28 from its previous closing price. On the day, 3.09 million shares were traded. MODG stock price reached its highest trading level at $9.67 during the session, while it also had its lowest trading level at $9.305.
Ratios:
For a better understanding of MODG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.25. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 1.93. In the meantime, Its Debt-to-Equity ratio is 1.12 whereas as Long-Term Debt/Eq ratio is at 1.08.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, B. Riley Securities on October 17, 2024, Downgraded its rating to Neutral and sets its target price to $12 from $18 previously.
On August 29, 2024, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $40 to $12.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 10 ’24 when ANDERSON ERIK J sold 10,000 shares for $15.19 per share. The transaction valued at 151,900 led to the insider holds 767,959 shares of the business.
ANDERSON ERIK J sold 7,500 shares of MODG for $115,275 on May 14 ’24. The Director now owns 760,459 shares after completing the transaction at $15.37 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 1735119104 and an Enterprise Value of 5873656320. As of this moment, Topgolf’s Price-to-Earnings (P/E) ratio for their current fiscal year is 102.16, and their Forward P/E ratio for the next fiscal year is 86.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 11.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.41 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at 1.385 whereas that against EBITDA is 12.108.
Stock Price History:
Over the past 52 weeks, MODG has reached a high of $16.89, while it has fallen to a 52-week low of $9.05. The 50-Day Moving Average of the stock is -7.33%, while the 200-Day Moving Average is calculated to be -30.15%.
Shares Statistics:
Over the past 3-months, MODG traded about 2.96M shares per day on average, while over the past 10 days, MODG traded about 2225270 shares per day. A total of 183.70M shares are outstanding, with a floating share count of 133.35M. Insiders hold about 27.45% of the company’s shares, while institutions hold 72.96% stake in the company. Shares short for MODG as of 1728950400 were 16800944 with a Short Ratio of 5.50, compared to 1726185600 on 17834652. Therefore, it implies a Short% of Shares Outstanding of 16800944 and a Short% of Float of 14.34.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.24.
