Topgolf Callaway Brands Corp [MODG] stock prices are up 2.45% to $16.29 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MODG shares have gain 4.96% over the last week, with a monthly amount glided 5.99%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Topgolf Callaway Brands Corp [NYSE: MODG] stock has seen the most recent analyst activity on November 09, 2023, when Stephens downgraded its rating to a Equal-Weight but kept the price target unchanged to $13 for it. Previously, JP Morgan downgraded its rating to Neutral on November 09, 2023, and dropped its price target to $13. On September 27, 2023, Morgan Stanley initiated with a Underweight rating and assigned a price target of $12 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and suggested a price target of $27 on April 19, 2023.
The stock price of Topgolf Callaway Brands Corp [MODG] has been fluctuating between $9.84 and $20.14 over the past year. Currently, Wall Street analysts expect the stock to reach $25.4 within the next 12 months. Topgolf Callaway Brands Corp [NYSE: MODG] shares were valued at $16.29 at the most recent close of the market. An investor can expect a potential return of 55.92% based on the average MODG price forecast.
Analyzing the MODG fundamentals
The Topgolf Callaway Brands Corp [NYSE:MODG] reported sales of 4.26B for trailing twelve months, representing a drop of -1.99%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.43.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.94 points at the first support level, and at 15.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.54, and for the 2nd resistance point, it is at 16.79.
Ratios To Look Out For
It’s worth pointing out that Topgolf Callaway Brands Corp [NYSE:MODG]’s Current Ratio is 1.82. Further, the Quick Ratio stands at 1.02, while the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 0.70, the price to book ratio is 0.77 and price to earnings (TTM) ratio is 45.77.
Transactions by insiders
Recent insider trading involved ANDERSON ERIK J, Director, that happened on May 14 ’24 when 7500.0 shares were sold. Director, ANDERSON ERIK J completed a deal on May 10 ’24 to sell 10000.0 shares. Meanwhile, Director ANDERSON ERIK J sold 5000.0 shares on Feb 20 ’24.
