Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Topgolf Callaway Brands Corp before investing.

In this article, we go over a few key elements for understanding Topgolf Callaway Brands Corp’s stock price such as:

• Topgolf Callaway Brands Corp’s current stock price and volume
• Why Topgolf Callaway Brands Corp’s stock price changed recently
• Upgrades and downgrades for MODG from analysts
• MODG’s stock price momentum as measured by its relative strength

About Topgolf Callaway Brands Corp (MODG)

Before we jump into Topgolf Callaway Brands Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Topgolf Callaway Brands Corp. is a golf and active lifestyle company. The Company provides golf entertainment experiences, designs, and manufactures golf equipment, and sells golf and active lifestyle apparel and other accessories through its family of brand names, which include Topgolf, Callaway Golf, Odyssey, TravisMathew, Jack Wolfskin, OGIO, Toptracer and World Golf Tour. Its segments include Topgolf, Golf Equipment, and Active Lifestyle. The Topgolf is a technology-enabled golf entertainment business. Its platform offers open-air golf and entertainment venues as well as its Toptracer ball-tracking technology and digital media platform. The Golf Equipment segment is engaged in designing, manufacturing, and selling a full line of golf equipment, which is comprised of the golf clubs and golf balls product groups. Under Active Lifestyle segment, the Company designs, develops and sells soft good products under the Callaway, TravisMathew, OGIO, and Jack Wolfskin brands.

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Topgolf Callaway Brands Corp’s Stock Price as of Market Close

As of September 10, 2024, 4:00 PM, CST, Topgolf Callaway Brands Corp’s stock price was $9.35.

Topgolf Callaway Brands Corp is down 9.05% from its previous closing price of $10.28.

During the last market session, Topgolf Callaway Brands Corp’s stock traded between $10.24 and $10.60. Currently, there are 183.50 million shares of Topgolf Callaway Brands Corp stock available for purchase.

Topgolf Callaway Brands Corp’s price-earnings (P/E) ratio is currently at 122.6, which is high compared to the Recreational Products industry median of 19.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Topgolf Callaway Brands Corp Stock Price History

Topgolf Callaway Brands Corp’s (MODG) price is currently down 7.06% so far this month.

During the month of September, Topgolf Callaway Brands Corp’s stock price has reached a high of $11.41 and a low of $9.24.

Over the last year, Topgolf Callaway Brands Corp has hit prices as high as $16.89 and as low as $9.84. Year to date, Topgolf Callaway Brands Corp’s stock is down 52.66%.

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What Caused Topgolf Callaway Brands Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 09, 2024, there were 8 analysts who downgraded Topgolf Callaway Brands Corp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Topgolf Callaway Brands Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Topgolf Callaway Brands Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Topgolf Callaway Brands Corp’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Topgolf Callaway Brands Corp (MODG) by visiting AAII Stock Evaluator.

Relative Price Strength of Topgolf Callaway Brands Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 09, 2024, Topgolf Callaway Brands Corp has a weighted four-quarter relative price strength of -18.04%, which translates to a Momentum Score of 20 and is considered to be Very Weak.

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Topgolf Callaway Brands Corp Stock Price: Bottom Line

As of September 10, 2024, Topgolf Callaway Brands Corp’s stock price is $9.35, which is down 9.05% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Topgolf Callaway Brands Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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