Topgolf Callaway Brands Corp (NYSE:MODG) currently has a daily average trading volume of 2.21M but it saw 1863603 shares traded in last market. With a market cap of 2.09B USD, the company’s current market price of $11.38 came falling about -2.49 while comparing to the previous closing price of $11.67. In past 52 weeks, the stock remained buoying in the range of price level as high as $17.64 and as low as $9.84. In the recent trading on the day, stock has struck highest price mark of $11.36 while lowest mark touched by it was $11.77.
Taking a look at 20-day trading activity of Topgolf Callaway Brands Corp (MODG) gives us an average price of $13.16, while its current price level is -35.49% below from 52-week high level whereas it is 15.65% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $14.36 while that of 200 days or SMA-200 reads an average of $14.35. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.28% during that period while stretching the period over a month that increases to 5.27%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 31.52 which implies that the stock is in neutral territory.
BofA Securities downgraded its recommendation for the stock as a “Neutral” from “Buy” on August 08, 2024 while assigning a price target range of $18-$13. Stephens also issued its recommendations for the stock as it downgraded the price target for the stock is $13.
Over the week, MODG’s stock price is moving -3.40% down while it is -26.82% when we observe its performance for the past one month. Year-to-date it is -20.64% down and over the past year, the stock is showing a downside performance of -30.40%.
Currently, Topgolf Callaway Brands Corp’s total number of outstanding shares is 183.70M with 11.84% of that held by the insiders while 89.79% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 0.26% and return on equity (ROE) at 0.54%. It has a price to earnings ratio (P/E ratio) of 123.16 while having a 51.93 of forward P/E ratio. Stock’s beta reads 1.76. Stock has a price to book (P/B) ratio of 0.53 while price to sale or P/S ratio amounts to 0.49. Its return on asset (ROA) is 0.23% on average.
