Topgolf Callaway Brands Corp (NYSE:MODG) has a beta value of 1.54 and has seen 0.39 million shares traded in the recent trading session. The company, currently valued at $1.04B, closed the recent trade at $5.70 per share which meant it gained $0.03 on the day or 0.44% during that session. The MODG stock price is -196.32% off its 52-week high price of $16.89 and 1.93% above the 52-week low of $5.59. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.2 million shares traded. The 3-month trading volume is 3.11 million shares.
The consensus among analysts is that Topgolf Callaway Brands Corp (MODG) is Buy stock at the moment, with a recommendation rating of 2.60. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 6 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.05.
Topgolf Callaway Brands Corp (NYSE:MODG) trade information
Sporting 0.44% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the MODG stock price touched $5.70 or saw a rise of 11.21%. Year-to-date, Topgolf Callaway Brands Corp shares have moved -27.54%, while the 5-day performance has seen it change -8.15%. Over the past 30 days, the shares of Topgolf Callaway Brands Corp (NYSE:MODG) have changed -21.99%. Short interest in the company has seen 16.8 million shares shorted with days to cover at 5.39.
Wall Street analysts have a consensus price target for the stock at $12, which means that the shares’ value could jump 52.5% from the levels at last check today. The projected low price target is $12.0 while the price target rests at a high of $13.0. In that case, then, we find that the latest price level in today’s session is -128.07% off the targeted high while a plunge would see the stock gain -110.53% from the levels at last check today.
Topgolf Callaway Brands Corp (MODG) estimates and forecasts
The company’s shares have lost -44.60% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -3.07%.
9 analysts offering their estimates for the company have set an average revenue estimate of 1.08B for the current quarter. 9 have an estimated revenue figure of 1.13B for the next ending quarter. Year-ago sales stood 1.14B and 1.16B respectively for this quarter and the next, and analysts expect sales will shrink by -5.79% for the current quarter and -3.07% for the next.
MODG Dividends
Topgolf Callaway Brands Corp is expected to release its next earnings report on 2025-Feb-23 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Topgolf Callaway Brands Corp (NYSE:MODG)’s Major holders
Insiders own 11.92% of the company shares, while shares held by institutions stand at 87.89% with a share float percentage of 99.78%. Investors are also buoyed by the number of investors in a company, with Topgolf Callaway Brands Corp having a total of 394.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 22.09 million shares worth more than $337.97 million. As of 2024-06-30, BLACKROCK INC. held 12.0249% of shares outstanding.
The other major institutional holder is PROVIDENCE EQUITY PARTNERS L.L.C., with the holding of over 21.18 million shares as of 2024-06-30. The firm’s total holdings are worth over $323.98 million and represent 11.5396% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of Dec 31, 2024, the former fund manager holds about 4.97% shares in the company for having 9.14 shares of worth $51.81 million while later fund manager owns 4.34 shares of worth $24.6 million as of Dec 31, 2024, which makes it owner of about 2.36% of company’s outstanding stock.
