At the time of writing, Topgolf Callaway Brands Corp [MODG] stock is trading at $10.06, up 1.41%. 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 2.34% over the last week, with a monthly amount glided 1.62%, 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 October 17, 2024, when B. Riley Securities downgraded its rating to a Neutral and also revised its price target to $12 from $18. Previously, Jefferies downgraded its rating to Hold on August 29, 2024, and dropped its price target to $12. On August 23, 2024, downgrade downgraded it’s rating to Underperform. KeyBanc Capital Markets downgraded its rating to a Sector Weight. BofA Securities downgraded its rating to a Neutral and reduced its price target to $13 on August 08, 2024. Stephens downgraded its rating to Equal-Weight for this stock on November 09, 2023, but kept the price target unchanged to $13. In a note dated November 09, 2023, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $23 to $13.
For the past year, the stock price of Topgolf Callaway Brands Corp fluctuated between $9.05 and $16.89. Currently, Wall Street analysts expect the stock to reach $20.38 within the next 12 months. Topgolf Callaway Brands Corp [NYSE: MODG] shares were valued at $10.06 at the most recent close of the market. An investor can expect a potential return of 102.58% based on the average MODG price forecast.
Analyzing the MODG fundamentals
According to Topgolf Callaway Brands Corp [NYSE:MODG], the company’s sales were 4.24B for trailing twelve months, which represents an -1.86% plunge. 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 9.83 points at the first support level, and at 9.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.25, and for the 2nd resistance point, it is at 10.44.
Ratios To Look Out For
It is important to note that Topgolf Callaway Brands Corp [NYSE:MODG] has a current ratio of 1.93. Further, the Quick Ratio stands at 1.15, while the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 0.44, the price to book ratio is 0.47 and price to earnings (TTM) ratio is 108.87.
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.
