While Topgolf Callaway Brands Corp has underperformed by -3.88%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MODG fell by -26.17%, with highs and lows ranging from $16.89 to $9.05, whereas the simple moving average fell by -29.61% in the last 200 days.
On August 29, 2024, Jefferies Downgraded Topgolf Callaway Brands Corp (NYSE: MODG) to Hold. A report published by Raymond James on August 23, 2024, Downgraded its rating to ‘Underperform’ for MODG. BofA Securities August 08, 2024d the rating to Neutral on August 08, 2024, and set its price target from $18 to $13. Stephens November 09, 2023d its ‘Overweight’ rating to ‘Equal-Weight’ for MODG, as published in its report on November 09, 2023. JP Morgan’s report from November 09, 2023 suggests a price prediction of $13 for MODG shares, giving the stock a ‘Neutral’ rating. Morgan Stanley also rated the stock as ‘Underweight’.
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Analysis of Topgolf Callaway Brands Corp (MODG)
Further, the quarter-over-quarter decrease in sales is -1.86%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Topgolf Callaway Brands Corp’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 0.54% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.15, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and MODG is recording an average volume of 3.13M. On a monthly basis, the volatility of the stock is set at 4.53%, whereas on a weekly basis, it is put at 4.43%, with a loss of -9.84% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.91, showing growth from the present price of $9.90, which can serve as yet another indication of whether MODG is worth investing in or should be passed over.
How Do You Analyze Topgolf Callaway Brands Corp Shares?
Topgolf Callaway Brands Corp (MODG) is based in the USA and is one of the most prominent companies operating in the Leisure market. When comparing Topgolf Callaway Brands Corp shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 107.14, there is a growth in quarterly earnings of -45.20%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 27.45%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 73.24% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MODG shares are owned by institutional investors to the tune of 73.24% at present.
