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Saturday, June 3, 2023

Analysts Point To Topgolf Callaway Brands Corp. (NYSE: MODG) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Topgolf Callaway Brands Corp. (MODG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.15, or 0.87%, to $17.30. The Topgolf Callaway Brands Corp. has recorded 152,012 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that TOPGOLF CALLAWAY BRANDS TO HOLD VIRTUAL INVESTOR EVENT WITH TOPGOLF CEO, ARTIE STARRS.

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Stocks Info

As a NYSE listed company, MODG falls under the Consumer Cyclical sector while operating within the Leisure industry segment. At the end of the last regular session, the stock closed at $17.15 and fluctuated between $17.29 as its day high and $16.86 as its day low. The current market capitalization of Topgolf Callaway Brands Corp. is $3.37B. A total of 3.48 million shares were traded on the day, compared to an average of 2.13M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, MODG has seen 15 BUY and 16 SELL insider trades, representing the acquisition of 569,769 and the disposition of 3,568,746 shares. Over the last 12 months, there were 69 BUYs and 49 SELLs from insiders. Insiders purchased 1,186,554 shares during that period but sold 3,949,113.

In the most recent transaction, Fine Rebecca bought 7,000 shares of MODG for 16.23 per share on May 22. After the transaction, the EVP, Global CPO now owns 21,012 company shares. In a previous transaction on May 17, ANDERSON ERIK J sold 10,000 shares at 18.12 per share. MODG shares that Director owns now total 862,959.

Among the insiders who sold shares, ANDERSON ERIK J disposed of 10,000 shares on May 15 at a per-share price of $17.93. This resulted in the Director holding 872,959 shares of MODG after the transaction. In another insider transaction, BREWER OLIVER G III bought 5,000 shares at $17.12 per share on May 12. Company shares held by the President and CEO now total 822,556.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for MODG in the last 3 months, the mean price target is $31.58 with high estimates of $56.00 and low estimates of $18.00. In terms of 52-week highs and lows, MODG has a high of $25.96 and a low of $16.13.

As of this writing, MODG has an earnings estimate of $0.34 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.39 per share and a lower estimate of $0.28. The company reported an EPS of -$0.27 in the last quarter, which was -68.80% lower than expectations of -$0.16.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. MODG’s latest balance sheet shows that the firm has $352.22M in Cash & Short Term Investments as of fiscal 2021. There were $2.95B in debt and $866.02M in liabilities at the time. Its Book Value Per Share was $20.58, while its Total Shareholder’s Equity was $3.68B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MODG is Buy with a score of 4.67.

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