A new trading day began on Tuesday, with Topgolf Callaway Brands Corp (NYSE: MODG) stock price up 6.45% from the previous day of trading, before settling in for the closing price of $8.06. MODG’s price has ranged from $7.22 to $16.89 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 31.33%. Meanwhile, its annual earnings per share averaged -71.80%. With a float of $130.85 million, this company’s outstanding shares have now reached $190.20 million.
Let’s determine the extent of company efficiency that accounts for 32000 employees. 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Leisure Industry. The insider ownership of Topgolf Callaway Brands Corp is 28.82%, while institutional ownership is 70.97%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -71.80% per share during the next fiscal year.
Topgolf Callaway Brands Corp (NYSE: MODG) Trading Performance Indicators
Here are Topgolf Callaway Brands Corp’s current performance indicators. According to the last quarter’s results, the 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 10.16.
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 -0.00 in one year’s time.
Technical Analysis of Topgolf Callaway Brands Corp (MODG)
Looking closely at Topgolf Callaway Brands Corp (NYSE: MODG), its last 5-days average volume was 2.66 million, which is a drop from its year-to-date volume of 3.24 million. As of the previous 9 days, the stock’s Stochastic %D was 21.55%. Additionally, its Average True Range was 0.46.
During the past 100 days, Topgolf Callaway Brands Corp’s (MODG) raw stochastic average was set at 32.46%, which indicates a significant decrease from 49.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.29% in the past 14 days, which was higher than the 53.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.38, while its 200-day Moving Average is $12.12. However, in the short run, Topgolf Callaway Brands Corp’s stock first resistance to watch stands at $8.79. Second resistance stands at $9.01. The third major resistance level sits at $9.40. If the price goes on to break the first support level at $8.18, it is likely to go to the next support level at $7.79. Now, if the price goes above the second support level, the third support stands at $7.57.
Topgolf Callaway Brands Corp (NYSE: MODG) Key Stats
With a market capitalization of 1.58 billion, the company has a total of 183,824K Shares Outstanding. Currently, annual sales are 4,285 M while annual income is 95,000 K. The company’s previous quarter sales were 1,013 M while its latest quarter income was -3,600 K.
