Topgolf Callaway Brands Corp (MODG) kicked off at the price of $8.42: Venture capitalists have an exciting new opportunity

Topgolf Callaway Brands Corp (NYSE: MODG) kicked off on Friday, up 1.45% from the previous trading day, before settling in for the closing price of $8.30. Over the past 52 weeks, MODG has traded in a range of $7.95-$16.89.

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Consumer Cyclical Sector giant saw their annual sales surged by 32.44% over the last five years. While this was happening, its average annual earnings per share was recorded -72.91%. With a float of $130.71 million, this company’s outstanding shares have now reached $183.70 million.

The firm has a total of 32000 workers. Let’s measure their productivity. In terms of profitability, gross margin is 63.89%, operating margin of 4.77%, and the pretax margin is -1.03%.

Topgolf Callaway Brands Corp (MODG) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Leisure Industry. The insider ownership of Topgolf Callaway Brands Corp is 28.89%, while institutional ownership is 70.86%. The most recent insider transaction that took place on May 10 ’24, was worth 151,900. In this transaction Director of this company sold 10,000 shares at a rate of $15.19, taking the stock ownership to the 767,959 shares. Before that another transaction happened on May 14 ’24, when Company’s Director sold 7,500 for $15.37, making the entire transaction worth $115,275. This insider now owns 760,459 shares in total.

Topgolf Callaway Brands Corp (MODG) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -72.91% per share during the next fiscal year.

Topgolf Callaway Brands Corp (NYSE: MODG) Trading Performance Indicators

Take a look at Topgolf Callaway Brands Corp’s (MODG) current performance indicators. Last quarter, stock had a quick ratio of 1.14. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.37. Likewise, its price to free cash flow for the trailing twelve months is 10.11.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.08, a number that is poised to hit -0.40 in the next quarter and is forecasted to reach 0.01 in one year’s time.

Technical Analysis of Topgolf Callaway Brands Corp (MODG)

Analysing the last 5-days average volume posted by the [Topgolf Callaway Brands Corp, MODG], we can find that recorded value of 1.96 million was lower than the volume posted last year of 2.51 million. As of the previous 9 days, the stock’s Stochastic %D was 33.48%. Additionally, its Average True Range was 0.47.

During the past 100 days, Topgolf Callaway Brands Corp’s (MODG) raw stochastic average was set at 5.21%, which indicates a significant decrease from 22.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.68% in the past 14 days, which was higher than the 53.45% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $9.77, while its 200-day Moving Average is $13.20. Now, the first resistance to watch is $8.48. This is followed by the second major resistance level at $8.54. The third major resistance level sits at $8.65. If the price goes on to break the first support level at $8.32, it is likely to go to the next support level at $8.21. Now, if the price goes above the second support level, the third support stands at $8.15.

Topgolf Callaway Brands Corp (NYSE: MODG) Key Stats

The company with the Market Capitalisation of 1.57 billion has total of 183,824K Shares Outstanding. Its annual sales at the moment are 4,285 M in contrast with the sum of 95,000 K annual income. Company’s last quarter sales were recorded 1,013 M and last quarter income was -3,600 K.