In today’s recent session, 0.44 million shares of the Topgolf Callaway Brands Corp (NYSE:MODG) have been traded, and its beta is 1.70. Most recently the company’s share price was $8.43, and it changed around $0.25 or 3.09% from the last close, which brings the market valuation of the company to $1.55B. MODG at last check was trading at a discount to its 52-week high of $16.89, offering almost -100.36% off that amount. The share price’s 52-week low was $7.93, which indicates that the recent value has risen by an impressive 5.93% since then. We note from Topgolf Callaway Brands Corp’s average daily trading volume that its 10-day average is 2.02 million shares, with the 3-month average coming to 2.55 million.

Topgolf Callaway Brands Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.75. If we narrow it down even further, the data shows that 1 out of 13 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 6 recommended MODG as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. Topgolf Callaway Brands Corp is expected to report earnings per share of -0.42 for the current quarter.

Topgolf Callaway Brands Corp (NYSE:MODG) trade information

Instantly MODG has been showing a green trend so far today with a performance of 3.09% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.50 on recent trading dayincreased the stock’s daily price by 0.82%. The company’s shares are currently down -41.19% year-to-date, but still up 1.84% over the last five days. On the other hand, Topgolf Callaway Brands Corp (NYSE:MODG) is -12.70% down in the 30-day period. We can see from the shorts that 15.1 million shares have been sold at a short interest cover period of 6.07 day(s).

The consensus price target as assigned by Wall Street analysts is $12, which translates to bulls needing to increase their stock price by 29.75% from its current value. Analyst projections state that MODG is forecast to be at a low of $12 and a high of $12.

Topgolf Callaway Brands Corp (MODG) estimates and forecasts

Topgolf Callaway Brands Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -46.56 percent over the past six months and at a -65.31% annual growth rate that is well below the industry average of 1.60%. The year-over-year growth rate is expected to be -1.99%, down from the previous year.

Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 885.1M in revenue for the current quarter. 10 analysts expect Topgolf Callaway Brands Corp to make 1.17B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 897.1M and 1.14B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.34%. Forecasts for the next quarter put sales growth at 2.30%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -15.21%.

MODG Dividends

Topgolf Callaway Brands Corp’s next quarterly earnings report is expected to be released in January. The average dividend yield for the past five years averaged 0.24 per year.

Topgolf Callaway Brands Corp (NYSE:MODG)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 11.84% of Topgolf Callaway Brands Corp shares, and 89.65% of them are in the hands of institutional investors. The stock currently has a share float of 101.70%. Topgolf Callaway Brands Corp stock is held by 403.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 12.0249% of the shares, which is about 22.09 million shares worth $337.97 million.

PROVIDENCE EQUITY PARTNERS L.L.C., with 11.5271% or 21.18 million shares worth $323.98 million as of 2024-06-30, holds the second largest percentage of outstanding shares.