There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Topgolf Callaway Brands Corp (MODG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0595, or 0.50%, to $11.9795. The Topgolf Callaway Brands Corp has recorded 85,308 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that TOPGOLF CALLAWAY BRANDS ANNOUNCES THIRD QUARTER 2023 RESULTS.
This NYSE-listed company operates within the Leisure industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $11.92 and fluctuated between $11.95 as its day high and $11.68 as its day low. The current market capitalization of Topgolf Callaway Brands Corp is $2.20B. A total of 2.8 million shares were traded on the day, compared to an average of 3.14M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, MODG has seen 4 BUY and 2 SELL insider trades, representing the acquisition of 15,011 and the disposition of 20,000 shares. Over the last 12 months, there were 86 BUYs and 52 SELLs from insiders. Insiders purchased 1,362,488 shares during that period but sold 3,960,360.
In the most recent transaction, Flanagan Laura Jean bought 1,676 shares of MODG for 11.94 per share on Nov 15. After the transaction, the Director now owns 30,301 company shares. In a previous transaction on Nov 15, ANDERSON ERIK J sold 10,000 shares at 12.03 per share. MODG shares that Director owns now total 792,959.
Among the insiders who sold shares, ANDERSON ERIK J disposed of 10,000 shares on Nov 14 at a per-share price of $11.08. This resulted in the Director holding 802,959 shares of MODG after the transaction. In another insider transaction, ANDERSON ERIK J sold 10,000 shares at $9.94 per share on Nov 13. Company shares held by the Director now total 812,959.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for MODG in the last 3 months, the mean price target is $18.11 with high estimates of $43.00 and low estimates of $10.00. In terms of 52-week highs and lows, MODG has a high of $25.96 and a low of $9.84.
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 -$0.29 per share and a lower estimate of -$0.39. The company reported an EPS of $0.39 in the last quarter, which was 14.70% higher than expectations of $0.34.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $21.41, while its Total Shareholder’s Equity was $3.68B.
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 4.00.