Topgolf Callaway Brands Corp (NYSE: MODG) has experienced a decline in its stock price by 0.00 compared to its previous closing price of 15.00. However, the company has seen a fall of -4.94% in its stock price over the last five trading days. prnewswire.com reported 2024-06-20 that The multiyear agreement brings with it co-promotional opportunities and select benefits for Cash App cardholders CARLSBAD, Calif., June 20, 2024 /PRNewswire/ —Topgolf Callaway Brands Corp. (NYSE: MODG) is excited to announce it has entered into a multiyear strategic agreement with Visa, a world leader in digital payments, that extends across Topgolf Callaway’s family of brands, including Topgolf, Callaway and TravisMathew.
Is It Worth Investing in Topgolf Callaway Brands Corp (NYSE: MODG) Right Now?
Topgolf Callaway Brands Corp (NYSE: MODG) has a price-to-earnings ratio of 42.15x that is above its average ratio. Additionally, the 36-month beta value for MODG is 1.77. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for MODG is 139.78M and currently, short sellers hold a 9.77% ratio of that float. The average trading volume of MODG on June 21, 2024 was 2.01M shares.
MODG’s Market Performance
The stock of Topgolf Callaway Brands Corp (MODG) has seen a -4.94% decrease in the past week, with a 0.67% rise in the past month, and a -4.21% fall in the past quarter. The volatility ratio for the week is 2.34%, and the volatility levels for the past 30 days are at 2.17% for MODG. The simple moving average for the last 20 days is -1.51% for MODG’s stock, with a simple moving average of 4.73% for the last 200 days.
Analysts’ Opinion of MODG
Many brokerage firms have already submitted their reports for MODG stocks, with Stephens repeating the rating for MODG by listing it as a “Equal-Weight.” The predicted price for MODG in the upcoming period, according to Stephens is $13 based on the research report published on November 09, 2023 of the previous year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see MODG reach a price target of $13, previously predicting the price at $23. The rating they have provided for MODG stocks is “Neutral” according to the report published on November 09th, 2023.
Morgan Stanley gave a rating of “Underweight” to MODG, setting the target price at $12 in the report published on September 27th of the previous year.
MODG Trading at -3.74% from the 50-Day Moving Average
After a stumble in the market that brought MODG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.72% of loss for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 2.34%, as shares surge +0.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.04% lower at present.
During the last 5 trading sessions, MODG fell by -4.94%, which changed the moving average for the period of 200-days by -13.84% in comparison to the 20-day moving average, which settled at $15.23. In addition, Topgolf Callaway Brands Corp saw 4.60% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MODG starting from ANDERSON ERIK J, who sale 7,500 shares at the price of $15.37 back on May 14 ’24. After this action, ANDERSON ERIK J now owns 760,459 shares of Topgolf Callaway Brands Corp, valued at $115,275 using the latest closing price.
ANDERSON ERIK J, the Director of Topgolf Callaway Brands Corp, sale 10,000 shares at $15.19 during a trade that took place back on May 10 ’24, which means that ANDERSON ERIK J is holding 767,959 shares at $151,900 based on the most recent closing price.
Stock Fundamentals for MODG
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.63 for the gross margin
The net margin for Topgolf Callaway Brands Corp stands at 0.02. The total capital return value is set at 0.03. Equity return is now at value 1.99, with 0.85 for asset returns.
Based on Topgolf Callaway Brands Corp (MODG), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is 1.14.
Currently, EBITDA for the company is 509.2 million with net debt to EBITDA at 8.07. When we switch over and look at the enterprise to sales, we see a ratio of 1.62. The receivables turnover for the company is 8.47for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.82.
Conclusion
In conclusion, Topgolf Callaway Brands Corp (MODG) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
