Topgolf Callaway Brands Corp (NYSE: MODG) May Be Attracting Institutional Investments

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that TOPGOLF CALLAWAY ISSUES STATEMENT ON RECENT MEDIA REPORTS.

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Stocks Info

Topgolf Callaway Brands Corp is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Leisure industry. The current market capitalization of Topgolf Callaway Brands Corp is $2.88B. A total of 13.79 million shares were traded on the day, compared to an average of 2.63M shares.

In the most recent transaction, ANDERSON ERIK J sold 5,000 shares of MODG for 14.55 per share on Feb 20 ’24. After the transaction, the Director now owns 777,959 company shares. In a previous transaction on Feb 16 ’24, ANDERSON ERIK J sold 2,028 shares at 14.79 per share. MODG shares that Director owns now total 2,242.

Among the insiders who sold shares, ANDERSON ERIK J disposed of 10,000 shares on Feb 15 ’24 at a per-share price of $15.12. This resulted in the Director holding 782,959 shares of MODG after the transaction. In another insider transaction, Flanagan Laura Jean bought 4,775 shares at $12.61 per share on Dec 12 ’23. Company shares held by the Director now total 35,076.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, MODG has a high of $23.01 and a low of $9.84.

As of this writing, MODG has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.04 per share and a lower estimate of -$0.03. The company reported an EPS of $0.2 in the last quarter, which was 66.70% higher than expectations of $0.12.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MODG’s latest balance sheet shows that the firm has $352.20M in Cash & Short Term Investments as of fiscal 2021. There were $2.95B in debt and $866.00M in liabilities at the time. Its Book Value Per Share was $21.11, while its Total Shareholder’s Equity was $3.68B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 4.08.

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