Key Points
- Director Brett Widney Hoge bought a total of 102,000 Newton Golf shares across Nov 18–20 (including 83,000 shares on Nov 18 at $1.07 for $88,810), raising his stake 55.94% to 231,371 shares.
- Newton Golf shares trade around $1.12 with a market cap of about $5.3M; the company reported a quarterly EPS of ($0.34) (missing estimates) and currently carries an average analyst rating of Sell.
- Virtu Financial LLC established a new, small position of 16,009 shares (~$28,000), and institutional ownership remains minimal at about 0.49%.
Newton Golf Company, Inc. (NASDAQ:NWTG - Get Free Report) Director Brett Widney Hoge bought 15,000 shares of the firm's stock in a transaction on Wednesday, November 19th. The stock was acquired at an average cost of $1.16 per share, for a total transaction of $17,400.00. Following the completion of the purchase, the director directly owned 246,371 shares in the company, valued at approximately $285,790.36. This represents a 6.48% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Brett Widney Hoge also recently made the following trade(s):
- On Thursday, November 20th, Brett Widney Hoge purchased 4,000 shares of Newton Golf stock. The shares were bought at an average price of $1.20 per share, for a total transaction of $4,800.00.
- On Tuesday, November 18th, Brett Widney Hoge purchased 83,000 shares of Newton Golf stock. The stock was purchased at an average cost of $1.07 per share, with a total value of $88,810.00.
Newton Golf Stock Performance
Shares of NASDAQ NWTG traded up $0.03 during midday trading on Friday, reaching $1.18. 53,079 shares of the stock were exchanged, compared to its average volume of 1,047,275. The stock has a market capitalization of $5.61 million, a P/E ratio of -0.96 and a beta of 4.65. The company has a 50 day simple moving average of $1.63 and a 200 day simple moving average of $1.69. Newton Golf Company, Inc. has a twelve month low of $0.82 and a twelve month high of $53.10.
Newton Golf (NASDAQ:NWTG - Get Free Report) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.15). Newton Golf had a negative return on equity of 566.85% and a negative net margin of 172.69%.The business had revenue of $2.58 billion during the quarter, compared to analysts' expectations of $2.38 million. Newton Golf has set its FY 2025 guidance at EPS.
Hedge Funds Weigh In On Newton Golf
An institutional investor recently bought a new position in Newton Golf stock. Virtu Financial LLC bought a new stake in Newton Golf Company, Inc. (NASDAQ:NWTG - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,009 shares of the company's stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.35% of Newton Golf as of its most recent SEC filing. 0.49% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
NWTG has been the topic of several research analyst reports. Weiss Ratings restated a "sell (e)" rating on shares of Newton Golf in a report on Monday. Wall Street Zen downgraded shares of Newton Golf from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Newton Golf presently has an average rating of "Sell".
Read Our Latest Stock Analysis on NWTG
About Newton Golf
(
Get Free Report)
Sacks Parente Golf, Inc (“SPG”) is a technology-forward golf company, with a growing portfolio of golf products, including putting instruments, golf shafts, golf grips, and other golf-related products. In April 2022, in consideration of our growth opportunities in shaft technologies, we expanded our manufacturing business to include advanced premium golf shafts by opening a new shaft manufacturing facility in St.
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