Upward Trajectory: Topgolf Callaway Brands Corp (MODG) Posts a Gaine, Closing at 11.89

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The closing price of Topgolf Callaway Brands Corp (NYSE: MODG) was $11.89 for the day, up 4.48% from the previous closing price of $11.38. In other words, the price has increased by $4.48 from its previous closing price. On the day, 3.1 million shares were traded. MODG stock price reached its highest trading level at $11.89 during the session, while it also had its lowest trading level at $11.38.

Ratios:

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 6.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.92. 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.

On August 08, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $18 to $13.

Stephens Downgraded its Overweight to Equal-Weight on November 09, 2023, while the target price for the stock was maintained at $13.

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 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 2185441536 and an Enterprise Value of 6283541504. As of this moment, Topgolf’s Price-to-Earnings (P/E) ratio for their current fiscal year is 128.68, and their Forward P/E ratio for the next fiscal year is 54.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 0.56. Its current Enterprise Value per Revenue stands at 1.482 whereas that against EBITDA is 12.953.

Stock Price History:

Over the past 52 weeks, MODG has reached a high of $17.64, while it has fallen to a 52-week low of $9.84. The 50-Day Moving Average of the stock is -18.82%, while the 200-Day Moving Average is calculated to be -17.22%.

Shares Statistics:

MODG traded an average of 2.20M shares per day over the past three months and 4459920 shares per day over the past ten days. A total of 183.70M shares are outstanding, with a floating share count of 133.26M. Insiders hold about 27.50% of the company’s shares, while institutions hold 75.42% stake in the company. Shares short for MODG as of 1722384000 were 17585211 with a Short Ratio of 8.01, compared to 1719532800 on 15265359. Therefore, it implies a Short% of Shares Outstanding of 17585211 and a Short% of Float of 15.010001.