Callaway Golf Stock Price on May 21, 2024
MODG Stock | USD 15.65 0.28 1.82% |
Below is the normalized historical share price chart for Callaway Golf extending back to February 28, 1992. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Callaway Golf stands at 15.65, as last reported on the 3rd of June, with the highest price reaching 15.84 and the lowest price hitting 15.35 during the day.
If you're considering investing in Callaway Stock, it is important to understand the factors that can impact its price. Callaway Golf appears to be not too volatile, given 3 months investment horizon. Callaway Golf secures Sharpe Ratio (or Efficiency) of 0.0985, which signifies that the company had a 0.0985% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Callaway Golf, which you can use to evaluate the volatility of the firm. Please makes use of Callaway Golf's Risk Adjusted Performance of 0.0557, downside deviation of 1.9, and Mean Deviation of 1.46 to double-check if our risk estimates are consistent with your expectations.
At this time, Callaway Golf's Other Stockholder Equity is most likely to increase significantly in the upcoming years. The Callaway Golf's current Common Stock Total Equity is estimated to increase to about 2.3 M, while Treasury Stock is projected to decrease to (37.8 M). . The Callaway Golf's current Price Earnings Ratio is estimated to increase to 38.20, while Price To Sales Ratio is projected to decrease to 0.59. Callaway Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 27th of February 1992 | 200 Day MA 14.4014 | 50 Day MA 15.7616 | Beta 1.841 |
Callaway |
Sharpe Ratio = 0.0985
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Estimated Market Risk
2.11 actual daily | 18 82% of assets are more volatile |
Expected Return
0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Callaway Golf is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Callaway Golf by adding it to a well-diversified portfolio.
Price Book 0.7575 | Enterprise Value Ebitda 13.6513 | Price Sales 0.6856 | Shares Float 141 M | Wall Street Target Price 20.86 |
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Callaway Golf Valuation on May 21, 2024
It is possible to determine the worth of Callaway Golf on a given historical date. On May 21, 2024 Callaway was worth 14.75 at the beginning of the trading date compared to the closed value of 14.91. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Callaway Golf stock. Still, in general, we apply an absolute valuation method to find Callaway Golf's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Callaway Golf where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Callaway Golf's related companies.
Open | High | Low | Close | Volume | |
15.06 | 15.10 | 14.84 | 14.90 | 1,970,143 | |
05/21/2024 | 14.75 | 14.96 | 14.74 | 14.91 | 2,326,796 |
14.85 | 15.05 | 14.73 | 14.83 | 1,388,790 |
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Callaway Golf Trading Date Momentum on May 21, 2024
On May 22 2024 Callaway Golf was traded for 14.83 at the closing time. The top price for the day was 15.05 and the lowest listed price was 14.73 . The trading volume for the day was 1.4 M. The trading history from May 22, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.54% . The overall trading delta against the current closing price is 3.42% . |
Callaway Golf Fundamentals Correlations and Trends
By evaluating Callaway Golf's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Callaway Golf's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Callaway financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Callaway Golf Stock history
Callaway Golf investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Callaway is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Callaway Golf will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Callaway Golf stock prices may prove useful in developing a viable investing in Callaway Golf
Last Reported | Projected for Next Year | ||
Common Stock Shares Outstanding | 201.1 M | 101.2 M | |
Net Income Applicable To Common Shares | 181.6 M | 190.7 M |
Callaway Golf Quarterly Net Working Capital |
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Callaway Golf Stock Technical Analysis
Callaway Golf technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Callaway Golf Period Price Range
Low | May 21, 2024
| High |
14.75 | 14.91 |
Callaway Golf June 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Callaway Golf stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Callaway Golf shares will generate the highest return on investment. By undertsting and applying Callaway Golf stock market strength indicators, traders can identify Callaway Golf entry and exit signals to maximize returns
Accumulation Distribution | 34217.59 | |||
Daily Balance Of Power | 0.7273 | |||
Rate Of Daily Change | 1.01 | |||
Day Median Price | 14.85 | |||
Day Typical Price | 14.87 | |||
Price Action Indicator | 0.14 | |||
Period Momentum Indicator | 0.74 |
Callaway Golf Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Callaway Golf's price direction in advance. Along with the technical and fundamental analysis of Callaway Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Callaway to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0557 | |||
Jensen Alpha | 0.1034 | |||
Total Risk Alpha | 0.0346 | |||
Sortino Ratio | 0.0614 | |||
Treynor Ratio | 0.1101 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Callaway Golf. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more detail on how to invest in Callaway Stock please use our How to Invest in Callaway Golf guide.Note that the Callaway Golf information on this page should be used as a complementary analysis to other Callaway Golf's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Callaway Stock analysis
When running Callaway Golf's price analysis, check to measure Callaway Golf's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Callaway Golf is operating at the current time. Most of Callaway Golf's value examination focuses on studying past and present price action to predict the probability of Callaway Golf's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Callaway Golf's price. Additionally, you may evaluate how the addition of Callaway Golf to your portfolios can decrease your overall portfolio volatility.
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Is Callaway Golf's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Callaway Golf. If investors know Callaway will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Callaway Golf listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.73) | Earnings Share 0.41 | Revenue Per Share 23.082 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0163 |
The market value of Callaway Golf is measured differently than its book value, which is the value of Callaway that is recorded on the company's balance sheet. Investors also form their own opinion of Callaway Golf's value that differs from its market value or its book value, called intrinsic value, which is Callaway Golf's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Callaway Golf's market value can be influenced by many factors that don't directly affect Callaway Golf's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Callaway Golf's value and its price as these two are different measures arrived at by different means. Investors typically determine if Callaway Golf is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Callaway Golf's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.