Topgolf Callaway Brands Corp [MODG] stock is trading at $8.60, up 5.52%. An important factor to consider is whether the stock is rising or falling in short-term value. The MODG shares have gain 2.38% over the last week, with a monthly amount drifted -15.10%, 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 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.
Topgolf Callaway Brands Corp [MODG] stock has fluctuated between $7.95 and $16.89 over the past year. 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 $8.60 at the most recent close of the market. An investor can expect a potential return of 136.98% based on the average MODG price forecast.
Analyzing the MODG fundamentals
Topgolf Callaway Brands Corp [NYSE:MODG] reported sales of 4.21B for the trailing twelve months, which represents a drop of -2.66%. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.0 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.75.
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 8.19 points at the first support level, and at 7.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.82, and for the 2nd resistance point, it is at 9.05.
Ratios To Look Out For
For context, Topgolf Callaway Brands Corp’s Current Ratio is 1.93. On the other hand, the Quick Ratio is 1.14, and the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 0.38, the price to book ratio is 0.42.
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.
