Topgolf Callaway Brands Corp (NYSE: MODG) suffers from significant negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Recent notable negative changes in investment behavior have affected Topgolf Callaway Brands Corp (NYSE: MODG): its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MODG is expected to be a modest Value Builder.
Topgolf Callaway Brands has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Topgolf Callaway Brands has a good Appreciation Score of 84 but a very low Power Rating of 3, and the Negative Value Trend Rating results.
Recent Price Action
On 3/6/24, Topgolf Callaway Brands Corp (NYSE: MODG) stock declined slightly by -0.4%, closing at $13.87. However, unusually low trading volume at 57% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -3.7% during the last week.
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