Topgolf Callaway Brands Corp’s Stock Price Plummeted Recently, But There Might Be Trouble Ahead

Topgolf Callaway Brands Corp (NYSE:MODG) traded at $14.91 at close of the session on Tuesday, May 21, made an upward move of 0.07% on its previous day’s price.

Looking at the stock we see that its previous close was $14.90 . The company has a trailing 12-month PE ratio of 41.89. In terms of its 52-week price range, MODG has a high of $20.75 and a low of $9.84. The company’s stock has lost about -5.75% over that past 30 days.

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Topgolf Callaway Brands Corp has a market cap of $2.74 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.28, with the EPS growth for the year raised at $0.33 for 2024 and $0.42 for next year. These figures represent -32.70% and 27.30% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.19 billion, with a low of $1.19 billion and a high of $1.2 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $4.45 billion, or 3.90% up from figures reported last year.

There have been 1 upward and — downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the MODG stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note that the PEG ratio for the MODG stock currently stands at 2.99, and the current price level is -5.53% off its SMA20 and -4.51% from its 50-day simple moving average. The RSI (14) is pointing at 39.65 while the volatility over the past week is 2.35% and jumps to 2.97% over the past one month. The beta value is 1.79, while the average true range (ATR) is currently pointing at 0.49.

Coming back to Topgolf Callaway Brands Corp (NYSE:MODG), we note that the average 3-month trading volume was 2.17 million. Current shares outstanding are 183.70 million.

The insiders hold 23.72% of the company’s shares while institutions hold 73.28%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 3.97% up in year-to-date price movement.

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