Extremely significant negative changes in Topgolf Callaway Brands Corp (NYSE: MODG) investment behavior have recently occurred: its longer term price trend turned down, and the stock fell on very heavy volume.
Important negative changes in Topgolf Callaway Brands Corp (NYSE: MODG) fundamentals have recently occurred: the stock’s power rating fell below 50, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Topgolf Callaway Brands has a very high Appreciation Score of 93 but a neutral Power Rating of 42, resulting in the Positive Value Trend Rating.
Recent Price Action
Topgolf Callaway Brands Corp (NYSE: MODG) stock closed at $10.57 on 8/28/24 after a decline of -2.3%. Moreover, exceptionally high trading volume at 206% of normal accompanied the decline. The stock has declined -9.4% during the last week and has performed in line with the market over the last nine months.
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