Topgolf Callaway Brands Corp [MODG] stock prices are down -1.25% to $10.27 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MODG shares have gain 9.84% over the last week, with a monthly amount drifted -9.75%, and not 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 August 29, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $12 from $40. Previously, Raymond James downgraded its rating to Underperform on August 23, 2024. On August 08, 2024, downgrade downgraded it’s rating to Sector Weight. BofA Securities downgraded its rating to a Neutral and decreased its price target to $13 on August 08, 2024. Stephens downgraded its rating to a Equal-Weight but $13 remained the price target by the analyst firm on November 09, 2023. JP Morgan downgraded its rating to Neutral for this stock on November 09, 2023, and downed its price target to $13. In a note dated September 27, 2023, Morgan Stanley initiated an Underweight rating and provided a target price of $12 on this stock.
The stock price of Topgolf Callaway Brands Corp [MODG] has been fluctuating between $9.05 and $16.89 over the past year. Currently, Wall Street analysts expect the stock to reach $21.57 within the next 12 months. Topgolf Callaway Brands Corp [NYSE: MODG] shares were valued at $10.27 at the most recent close of the market. An investor can expect a potential return of 110.03% based on the average MODG price forecast.
Analyzing the MODG fundamentals
The Topgolf Callaway Brands Corp [NYSE:MODG] reported sales of 4.24B for trailing twelve months, representing a drop of -1.86%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.41.
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 10.17 points at the first support level, and at 10.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.42, and for the 2nd resistance point, it is at 10.57.
Ratios To Look Out For
It’s worth pointing out that Topgolf Callaway Brands Corp [NYSE:MODG]’s Current Ratio is 1.93. Also, the Quick Ratio is 1.15, while the Cash Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 0.45, the price to book ratio is 0.48 and price to earnings (TTM) ratio is 111.15.
Transactions by insiders
Recent insider trading involved ANDERSON ERIK J, Director, that happened on May 10 ’24 when 10000.0 shares were sold. Director, ANDERSON ERIK J completed a deal on May 14 ’24 to sell 7500.0 shares. Meanwhile, Director ANDERSON ERIK J sold 10000.0 shares on Feb 15 ’24.
