During the last session, Topgolf Callaway Brands Corp (NYSE:MODG)’s traded shares were 0.54 million, with the beta value of the company hitting 1.73. At the end of the trading day, the stock’s price was $8.40, reflecting an intraday gain of 3.07% or $0.25. The 52-week high for the MODG share is $16.89, that puts it down -101.07 from that peak though still a striking 5.36% gain since the share price plummeted to a 52-week low of $7.95. The company’s market capitalization is $1.54B, and the average intraday trading volume over the past 10 days was 3.1 million shares, and the average trade volume was 2.94 million shares over the past three months.
Topgolf Callaway Brands Corp (MODG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.75. MODG has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it.
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Topgolf Callaway Brands Corp (NYSE:MODG) trade information
The stock spiked 3.07% in intraday trading to $8.40, hitting a weekly high. The stock’s 5-day price performance is 0.00%, and it has moved by -17.08% in 30 days. Based on these gigs, the overall price performance for the year is -26.77%. The short interest in Topgolf Callaway Brands Corp (NYSE:MODG) is 16.32 million shares and it means that shorts have 7.04 day(s) to cover.
The consensus price target of analysts on Wall Street is $16.5, which implies an increase of 49.09% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $44 respectively. As a result, MODG is trading at a discount of -423.81% off the target high and -42.86% off the low.
Topgolf Callaway Brands Corp (MODG) estimates and forecasts
Statistics show that Topgolf Callaway Brands Corp has underperformed its competitors in share price, compared to the industry in which it operates. Topgolf Callaway Brands Corp (MODG) shares have gone down -43.47% during the last six months, with a year-to-date growth rate less than the industry average at -65.31% against 2.70.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -15.21%. While earnings are projected to return -72.91% in 2024.
MODG Dividends
Topgolf Callaway Brands Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 0.24%.
Topgolf Callaway Brands Corp (NYSE:MODG)’s Major holders
Topgolf Callaway Brands Corp insiders own 11.84% of total outstanding shares while institutional holders control 89.50%, with the float percentage being 101.52%. BLACKROCK INC. is the largest shareholder of the company, while 401.0 institutions own stock in it. As of 2024-06-30, the company held over 22.09 million shares (or 12.0249% of all shares), a total value of $337.97 million in shares.
The next largest institutional holding, with 21.18 million shares, is of PROVIDENCE EQUITY PARTNERS L.L.C.’s that is approximately 11.5271% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $323.98 million.
Also, the Mutual Funds coming in first place with the largest holdings of Topgolf Callaway Brands Corp (MODG) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Sep 30, 2024 indicates that iShares Core S&P Smallcap ETF owns about 8.99 shares. This amounts to just over 4.89 percent of the company’s overall shares, with a $75.43 million market value. The same data shows that the other fund manager holds slightly less at 4.4, or about 2.40% of the stock, which is worth about $36.94 million.
