The stock of Topgolf Callaway Brands Corp. (NYSE:MODG) decreased by -$0.59 on Tuesday to finish at $16.49, down -3.45 percent. The last five days have seen an average of 4,311,680 shares of common stock traded. 20 times new highs were reached in the current year, with a fall of -$3.26. The average number of shares traded over the last 20 days was 2,609,175, while the average volume over the last 50 days totaled 2,435,080.
MODG stock dropped -15.87% since last month. On 08/09/23, the company’s shares reached a one-month low of $16.34. The stock touched a high of $25.96 on 02/03/23, after rallying from a low of $16.13 in 52 weeks. The price of MODG stock has declined by -16.51% or -$3.26 this year, reaching a new high 20 times. Still, the stock price is down -36.48% 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 2 days ago on Aug 14. On Aug 14, Director ANDERSON ERIK J sold 5,000 shares at $17.01 each. This transaction resulted in the insider making $85,050. On Aug 10, ANDERSON ERIK J sold 15,000 shares at a price of US$17.51. After the transaction, the insider now owns 847,959 shares. Director Ogunlesi Adebayo O. had earlier bought 100,000 shares on Jun 08 for $19.45 a share. The transaction was completed for $1,944,720.
Valuation Metrics
Topgolf Callaway Brands Corp. (MODG) has a trailing price-to-earnings (P/E) ratio of 31.17. Beta for the stock is 1.77. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.73, the price-to-book (PB) ratio of 0.78.
Financial Health
For the three months ended June 29, Topgolf Callaway Brands Corp.’s quick ratio was 0.90, while its current ratio was 1.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.45, and the total debt to equity ratio is 0.48. As far as profitability goes, gross margin for the trailing twelve months is 61.50% percent. Topgolf Callaway Brands Corp.’s EBITDA margin for the year ended June 29 was 14.49%, whereas its operating margin stood at 5.50% for the same period. Based on annual data, it had gross profit of $2.41 billion and revenue of $4.0 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MODG’s return on assets (ROA) during the last 12 months has been 1.20%. There was a 5.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 2.80%.
Earnings Surprise
According to Topgolf Callaway Brands Corp.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.18 billion, while revenues rose by 5.43% to $1.17 billion. It was predicted that Topgolf Callaway Brands Corp.’s quarterly earnings would be $0.59, but it ended up being $0.34, beating the consensus by 73.50%. EBITDA was $199.7 million for the quarter. At the end of Topgolf Callaway Brands Corp.’s most recent quarter ended June 29, its liabilities totaled 5.03 billion, while its total debt was $4.19 billion. Equity owned by shareholders amounts to $185.48 million.
Technical Picture
Here’s a quick look at Topgolf Callaway Brands Corp.’s (MODG) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 21.68%, suggesting the stock is oversold, with a 38.25% historical volatility rate.
The stochastic %K and %D were 11.84% and 13.19% respectively, while the average true range (ATR) was 0.65. Based on the 14-day stochastic reading of 3.95%, the RSI (14) reading is 26.85%. On the 9-day MACD Oscillator, the stock is at -0.92, and the 14-day reading is at -1.61.
Analyst Ratings
In its analyst report released on April 19, 2023, KeyBanc Capital Markets began covering Topgolf Callaway Brands Corp. (NYSE: MODG). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Topgolf Callaway Brands Corp. (MODG) an Buy rating. MODG is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 9 others recommend it as a buy.
What is MODG’s price target for the next 12 months?
The current consensus forecast for the stock is between $16.00 and $56.00, with a median target price of $27.50. In analyzing these forecasts, the average price target given by analysts for Topgolf Callaway Brands Corp. (MODG) is $29.08.
