Newton Golf Co. (NASDAQ: NWTG) Disappointed Wall Street By Gaining 40.27%

Newton Golf Co (NASDAQ:NWTG) has a beta value of 5.22 and has seen 64.95 million shares traded in the last trading session. The company, currently valued at $0.62M, closed the last trade at $2.09 per share which meant it gained $0.6 on the day or 40.27% during that session. The NWTG stock price is -9230.14% off its 52-week high price of $195.00 and 35.41% above the 52-week low of $1.35. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.43 million shares traded. The 3-month trading volume is 1.13 million shares.

Newton Golf Co (NASDAQ:NWTG) trade information

Sporting 40.27% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NWTG stock price touched $2.09 or saw a rise of 17.39%. Year-to-date, Newton Golf Co shares have moved -83.41%, while the 5-day performance has seen it change 20.81%. Over the past 30 days, the shares of Newton Golf Co (NASDAQ:NWTG) have changed -66.60%. Short interest in the company has seen 0.2 million shares shorted with days to cover at 0.26.

Newton Golf Co (NWTG) estimates and forecasts

The company’s shares have lost -98.13% over the past 6 months.

1 analysts offering their estimates for the company have set an average revenue estimate of 1.09M for the current quarter.

NWTG Dividends

Newton Golf Co is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Newton Golf Co (NASDAQ:NWTG)’s Major holders

Insiders own 5.31% of the company shares, while shares held by institutions stand at 0.77% with a share float percentage of 0.81%. Investors are also buoyed by the number of investors in a company, with Newton Golf Co having a total of 9.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Fidelity Concord Street Trust-Fidelity Extended Market Index Fund and Fidelity Concord Street Trust-Fidelity Series Total Market Index Fund . As of Jan 31, 2025 , the former fund manager holds about 0.00% shares in the company for having 115.0 shares of worth $240.0 while later fund manager owns 37.0 shares of worth $77.0 as of Jan 31, 2025 , which makes it owner of about 0.00% of company’s outstanding stock.