As of Thursday close, Topgolf Callaway Brands Corp.’s (NYSE:MODG) stock was down -$0.39, moving down -2.01 percent to $18.99. The average number of shares traded per day over the past five days has been 1,656,840 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.46 fall in that time frame. In the last twenty days, the average volume was 1,849,660, while in the previous 50 days, it was 2,273,540.
Since last month, MODG stock retreated -4.67%. Shares of the company fell to $18.98 on 08/03/23, the lowest level in the past month. A 52-week high of $25.96 was reached on 02/03/23 after having rallying from a 52-week low of $16.13. Since the beginning of this year, MODG’s stock price has dropped by -3.85% or -$0.76, and marked a new high 20 times. However, the stock has declined by -26.85% since its 52-week high.
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MODG stock investors should be aware that Topgolf Callaway Brands Corp. (MODG) stock had its last reported insider trading activity 57 days ago on Jun 08. Ogunlesi Adebayo O., the Director of the company, purchased of 100,000 shares for $19.45 on Jun 08. It resulted in a $1,944,720 investment by the insider. BREWER OLIVER G III added 6,400 shares at an average price of $17.06 on May 31. The insider now owns 837,556 shares following the transaction. On May 26, President and CEO BREWER OLIVER G III bought 8,600 shares at $17.18 apiece. The transaction was valued at $147,760.
Valuation Metrics
Right now, Topgolf Callaway Brands Corp. (MODG) has a P/E ratio of about 40.32. The stock’s beta is 1.76. Besides these, the trailing price-to-sales (P/S) ratio of 0.85, the price-to-book (PB) ratio of 0.92.
Financial Health
In the three months ended March 30, Topgolf Callaway Brands Corp.’s quick ratio stood at 0.80, while its current ratio was 1.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.47, and the total debt-to-equity ratio was 0.50. On the profitability front, the trailing twelve-month gross margin is 60.70% percent. In the year ended March 30, EBITDA margin amounted to 14.49%, whereas operating margins totaled 5.90%. Based on annual data, MODG earned $2.41 billion in gross profit and brought in $4.0 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.00%. Return on equity (ROE) for the past 12 months was 2.50%.
In Topgolf Callaway Brands Corp.’s quarter-end financial report for March 30, it reported total debt of $1.53 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MODG’s revenue rose 10.9% to $851.3 million during the quarter, while net income inched up to $1.17 billion. While analysts expected Topgolf Callaway Brands Corp. to report $0.16 quarterly earnings, the actual figure was $0.17 per share, beating the consensus estimate by 6.30%. During the quarter, the company generated $163.2 million in EBITDA. The liabilities of Topgolf Callaway Brands Corp. were 5.13 billion at the end of its most recent quarter ended March 30, and its total debt was $4.12 billion. The value of shareholders’ equity is $185.6 million.
Technical Picture
This quick technical analysis looks at Topgolf Callaway Brands Corp.’s (MODG) price momentum. With a historical volatility rate of 26.01%, the RSI 9-day stood at 36.96% on 03 August.
With respect to its five-day moving average, the current Topgolf Callaway Brands Corp. price is down by -2.37% percent or -$0.46. At present, MODG shares trade -2.91% below its 20-day simple moving average and -15.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately +15.44% above its SMA50 and +8.76% above its SMA200.
Stochastic coefficient K was 19.33% and Stochastic coefficient D was 31.21%, while ATR was 0.47. Given the Stochastic reading of 0.86% for the 14-day period, the RSI (14) reading has been calculated as 41.75%. As of today, the MACD Oscillator reading stands at -0.17, while the 14-day reading stands at -0.18.
Analyst Ratings
KeyBanc Capital Markets launched its rating on Topgolf Callaway Brands Corp. (NYSE: MODG) to an Overweight in a note to investors on April 19, 2023. Topgolf Callaway Brands Corp. (MODG) has been rated Overweight by analysts. According to 0 brokerage firms, MODG is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Topgolf Callaway Brands Corp. stock as buy, with 9 recommending it as overweight.
With a median target price of $30.50, the current consensus forecast for the stock is $18.00 – $56.00. Based on these forecasts, analysts predict Topgolf Callaway Brands Corp. (MODG) will achieve an average price target of $31.92.
