Topgolf Callaway Brands Corp. (NYSE:MODG) finished Thursday with an addition of $0.15 to close at $16.36, an upside of 0.96 percent. An average of 1,422,090 shares of common stock have been traded in the last five days. There was a fall of -$0.08 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 2,532,147 shares traded, while the 50-day average volume stands at 2,200,499.
MODG stock has decreased by -15.86% in the last month. The company shares reached their 1-month lowest point of $16.13 on 08/18/23. 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 -17.14% or -$3.44 in price. In spite of this, the price is down -36.96% 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 23. In this transaction, the insider spent $165,800. Director, ANDERSON ERIK J, disposed of 10,000 shares at a price of $16.29 on Aug 22. The insider now owns more than $162,900 worth of shares. Prior to that, Director ANDERSON ERIK J went on to Sale 5,000 shares at $17.01 each on Aug 14. An amount of $85,050 was transacted.
Valuation Metrics
Topgolf Callaway Brands Corp. (MODG) has a trailing price-to-earnings (P/E) ratio of 30.94. The stock’s beta is 1.79. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.72, the price-to-book (PB) ratio at 0.77.
Financial Health
The quick ratio of Topgolf Callaway Brands Corp. for the three months ended June 29 was 0.90, and the current ratio was 1.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.45 and a total debt to equity ratio of 0.48 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 5.50%. 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 1.20%.
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 $0.39, a 14.70% surprise. For the quarter, EBITDA amounted to $199.7 million. 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 24 August was 31.19%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.79%.
As of today, MODG’s price is $16.35 -0.52% or -$0.08 from its 5-day moving average. MODG is currently trading -16.90% lower than its 20-day SMA and -24.93% lower than its 100-day SMA. However, the stock’s current price level is -16.56% below the SMA50 and -13.23% below the SMA200.
The stochastic %K and %D were 7.93% and 8.05%, respectively, and the average true range (ATR) was 0.48. With the 14-day stochastic at 6.55% and the average true range at 0.51, the RSI (14) stands at 31.68%. The stock has reached 0.00 on the 9-day MACD Oscillator while the 14-day reading was at -0.29.
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 $28.83.
