Topgolf Callaway Brands Corp. (NYSE:MODG) finished Thursday with a subtraction of -$0.18 to close at $16.78, a downside of -1.06 percent. An average of 4,638,240 shares of common stock have been traded in the last five days. There was a fall of -$2.21 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 2,544,965 shares traded, while the 50-day average volume stands at 2,446,168.
MODG stock has decreased by -17.95% in the last month. The company shares reached their 1-month lowest point of $16.34 on 08/09/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $16.13 and a high of $25.96 in 52 weeks. It has reached a new high 20 times so far this year and lost -15.04% or -$2.97 in price. In spite of this, the price is down -35.36% from the 52-week high.
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Insider Transactions
MODG stock investors should be aware that Topgolf Callaway Brands Corp. (MODG) stock had its last reported insider trading activity 86 days ago on Jun 08. In this transaction, the insider spent $181,200. Director, ANDERSON ERIK J, disposed of 10,000 shares at a price of $17.93 on May 15. The insider now owns more than $179,300 worth of shares. Prior to that, Director ANDERSON ERIK J went on to Sale 20,000 shares at $23.96 each on Mar 06. An amount of $479,200 was transacted.
Valuation Metrics
Topgolf Callaway Brands Corp. (MODG) has a trailing price-to-earnings (P/E) ratio of 35.63. The stock’s beta is 1.78. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.75, the price-to-book (PB) ratio at 0.82.
Financial Health
The quick ratio of Topgolf Callaway Brands Corp. for the three months ended June 29 was 0.80, and the current ratio was 1.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.47 and a total debt to equity ratio of 0.50 for the quarter ending June 29. Topgolf Callaway Brands Corp.’s EBITDA margin for the year ending June 29 is 14.49%, while its operating margin for the same period stands at 5.90%. Its gross profit as reported stood at $2.41 billion compared to revenue of $4.0 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Topgolf Callaway Brands Corp.’s return on assets was 1.10%.
Earnings Surprise
For the three-month period that ended June 29, Topgolf Callaway Brands Corp. had $1.53 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $117.4 million in the quarter, while revenues were grew 10.22%. The analyst consensus anticipated Topgolf Callaway Brands Corp.’s latest quarter earnings to come in at $0.34 per share, but it turned out to be $0.59, a 73.50% surprise. For the quarter, EBITDA amounted to $199.7 million. At the end of the quarter ending June 29, Topgolf Callaway Brands Corp.’s stock balance sheet showed total liabilities of 5.03 billion. Shareholders own equity worth $185.48 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Topgolf Callaway Brands Corp. (MODG) price momentum. RSI 9-day as of the close on 10 August was 18.59%, suggesting the stock is oversold, with historical volatility in this time frame at 36.98%.
As of today, MODG’s price is $18.00 -11.64% or -$2.21 from its 5-day moving average. MODG is currently trading -17.38% lower than its 20-day SMA and -19.83% lower than its 100-day SMA. However, the stock’s current price level is -2.84% below the SMA50 and -1.99% below the SMA200.
The stochastic %K and %D were 14.44% and 14.19%, respectively, and the average true range (ATR) was 0.72. With the 14-day stochastic at 11.58% and the average true range at 0.65, the RSI (14) stands at 25.77%. The stock has reached -1.36 on the 9-day MACD Oscillator while the 14-day reading was at -1.68.
Analyst Ratings
KeyBanc Capital Markets launched coverage on Topgolf Callaway Brands Corp. (NYSE: MODG) in its analyst report released on April 19, 2023. The firm assigned the stock an Overweight rating. The consensus rating for Topgolf Callaway Brands Corp. (MODG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MODG, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 9 others rate it as a “buy”.
What is MODG’s price target for the next 12 months?
Analysts predict a range of price targets between $16.00 and $56.00, with a median target of $27.50. Taking a look at these predictions, the average price target given by analysts for Topgolf Callaway Brands Corp. (MODG) stock is $29.08.
