Topgolf Callaway Brands Corp (NYSE:MODG) shares, rose in value on Thursday, March 27, with the stock price up by 1.62% to the previous day’s close as strong demand from buyers drove the stock to $6.90.
Actively observing the price movement in the last trading, the stock closed the session at $6.79, falling within a range of $6.75 and $6.92. The value of beta (5-year monthly) was 1.7. Referring to stock’s 52-week performance, its high was $16.89, and the low was $5.59. On the whole, MODG has fluctuated by 1.47% over the past month.
With the market capitalization of Topgolf Callaway Brands Corp currently standing at about $1.27 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-23.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.11B, with a low estimate of 1.06B and a high estimate of 1.1B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.08B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MODG’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of MODG currently trading nearly 8.28% and -3.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.64, while the 7-day volatility ratio is showing 3.95% which for the 30-day chart, stands at 5.48%. Furthermore, Topgolf Callaway Brands Corp (MODG)’s beta value is 1.48, and its average true range (ATR) is 0.34.
A comparison of Topgolf Callaway Brands Corp (MODG) with its peers suggests the former has fared considerably weaker in the market. MODG showed an intraday change of 1.62% in last session, and over the past year, it shrunk by -55.83%%.
Data on historical trading for Topgolf Callaway Brands Corp (NYSE:MODG) indicates that the trading volumes over the past 10 days have averaged 2.45 and over the past 3 months, they’ve averaged 3.11 million. According to company’s latest data on outstanding shares, there are 183.10 million shares outstanding.
Nearly 29.03% of Topgolf Callaway Brands Corp’s shares belong to company insiders and institutional investors own 69.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.16 million shares as on 2025-03-14, resulting in a short ratio of 4.57. According to the data, the short interest in Topgolf Callaway Brands Corp (MODG) stood at 1470.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 15.2 million. The stock has fallen by -12.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MODG stock heading into the next quarter.
