Topgolf Callaway Brands Corp (NYSE: MODG). Extremely significant negative changes in investment behavior have recently occurred: negative upside/downside volume developed, and the stock fell on very heavy volume.
Important negative changes in Topgolf Callaway Brands Corp (NYSE: MODG) fundamentals have recently occurred: the consensus estimate for December, 2023 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
MODG is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Topgolf Callaway Brands has a current Value Trend Rating of F (Lowest Rating). This VT Rating improved modestly in recent days from F previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Topgolf Callaway Brands has a neutral Appreciation Score of 59 but a very low Power Rating of 6, producing the Lowest Value Trend Rating.
Recent Price Action
On 11/10/23, Topgolf Callaway Brands Corp (NYSE: MODG) stock suffered a large decline of -2.9%, closing at $10.05. Relative to the market the stock has been extremely weak over the last nine months and has declined -20.9% during the last week.
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