While Topgolf Callaway Brands Corp has underperformed by -0.30%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MODG fell by -53.16%, with highs and lows ranging from $16.89 to $6.68, whereas the simple moving average fell by -39.89% in the last 200 days.
On January 02, 2025, Jefferies Upgraded Topgolf Callaway Brands Corp (NYSE: MODG) to Buy. A report published by B. Riley Securities on October 17, 2024, Downgraded its rating to ‘Neutral’ for MODG. Jefferies also Downgraded MODG shares as ‘Hold’, setting a target price of $12 on the company’s shares in a report dated August 29, 2024. KeyBanc Capital Markets August 08, 2024d its ‘Overweight’ rating to ‘Sector Weight’ for MODG, as published in its report on August 08, 2024. BofA Securities’s report from August 08, 2024 suggests a price prediction of $13 for MODG shares, giving the stock a ‘Neutral’ rating. Stephens also rated the stock as ‘Equal-Weight’.
Analysis of Topgolf Callaway Brands Corp (MODG)
Further, the quarter-over-quarter increase in sales is 3.04%, showing a positive trend in the upcoming months.
Topgolf Callaway Brands Corp’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -46.06% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.02, 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.
For any stock, average volume can be an extremely valuable indicator of volatility, and MODG is registering an average volume of 2.67M. On a monthly basis, the volatility of the stock is set at 5.56%, whereas on a weekly basis, it is put at 6.62%, with a loss of -10.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.69, showing growth from the present price of $6.68, 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?
Besides checking the fundamentals, you should also know how many employees own shares in the company. 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 28.87%. 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 69.59% 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 69.59% at present.
