Callaway Golf Company (NYSE:ELY) price on Friday, August 27, rose 2.07% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $29.16.
A look at the stock’s price movement, the level at last check in today’s session was $28.57, moving within a range at $28.44 and $29.01. The beta value (5-Year monthly) was 2.13 while the PE ratio in trailing twelve months stood at 10.31. Turning to its 52-week performance, $37.75 and $14.62 were the 52-week high and 52-week low respectively. Overall, ELY moved -10.21% over the past month.
Callaway Golf Company’s market cap currently stands at around $5.16 billion, with investors looking forward to this quarter’s earnings report slated for Nov 08, 2021 – Nov 12, 2021. Analysts project the company’s earnings per share (EPS) to be $0.01, which has seen fiscal year 2021 EPS growth forecast to increase to $0.36 and about $0.37 for fiscal year 2022. Per the data, EPS growth is expected to be -46.30% for 2021 and 2.80% for the next financial year.
Analysts have a consensus estimate of $753.13 million for the company’s revenue for the quarter, with a low and high estimate of $719.2 million and $810 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $3 billion, representing a 89.00% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 1 upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that ELY is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
The technical evaluation for the stock shows the PEG ratio is 0.33, with ELY’s current price about -4.46% and -8.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.52, while 7-day volatility ratio is 2.54% and 3.93% in the 30-day chart. Further, Callaway Golf Company (ELY) has a beta value of 2.14, and an average true range (ATR) of 1.14.
In the market, a comparison of Callaway Golf Company (ELY) and its peers suggest the former has performed considerably stronger. Data shows ELY’s intraday price has changed 2.07% today and 40.19% over the past year. Comparatively, Escalade Incorporated (ESCA) has moved -0.04% so far today and only 25.31% in the past 12 months. Looking at another peer, we see that NIKE Inc. (NKE) price has gained 0.08% on the day. However, the stock is 49.66% off its price today a year ago. Moreover, Nautilus Inc. (NLS) is also down -3.26% in today’s trading while keeping a a downtrend of -0.74% over the past year. If we look at the PE ratio, we find that Callaway Golf Company’s ratio stands at 10.31 compared to Escalade Incorporated’s 11.41 and NIKE Inc.’s 46.89. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.73% and 0.61% respectively on the day as seen in early trades.
If we refocus on Callaway Golf Company (NYSE:ELY), historical trading data shows that trading volumes averaged 2.50 million over the past 3 months. The company’s latest data on shares outstanding shows there are 185.22 million shares.
The 0.30% of Callaway Golf Company’s shares are in the hands of company insiders while institutional holders own 78.70% of the company’s shares. Current price change has pushed the stock 18.99% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ELY stock continues to rise going into the next quarter.