Key Points
- CEO insider buy: CEO Gregor Alasdair Campbell bought 10,000 shares on Dec. 26 at $1.59 each ($15,900), raising his stake to 335,945 shares (a 3.07% increase) valued at about $534,153.
- Poor fundamentals: Newton Golf has a market cap of $7.41 million, reported a ($0.34) EPS that missed estimates, and shows deeply negative profitability metrics (net margin -172.69% and ROE -566.85%).
- Market sentiment mixed: Virtu Financial initiated a small position (~16,009 shares) but analyst coverage is negative — MarketBeat consensus and Weiss Ratings both list the stock as a Sell.
Newton Golf Company, Inc. (NASDAQ:NWTG - Get Free Report) CEO Gregor Alasdair Campbell purchased 10,000 shares of the business's stock in a transaction that occurred on Friday, December 26th. The stock was acquired at an average price of $1.59 per share, with a total value of $15,900.00. Following the purchase, the chief executive officer owned 335,945 shares in the company, valued at $534,152.55. This represents a 3.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Newton Golf Stock Performance
Shares of NWTG opened at $1.56 on Tuesday. The stock has a 50 day moving average price of $1.49 and a 200 day moving average price of $1.65. The stock has a market capitalization of $7.41 million, a price-to-earnings ratio of -1.27 and a beta of 4.50. Newton Golf Company, Inc. has a one year low of $0.82 and a one year high of $40.20.
Newton Golf (NASDAQ:NWTG - Get Free Report) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.34) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.15). Newton Golf had a negative net margin of 172.69% and a negative return on equity of 566.85%. The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.38 million.
Institutional Investors Weigh In On Newton Golf
An institutional investor recently bought a new position in Newton Golf stock. Virtu Financial LLC purchased a new position in shares of Newton Golf Company, Inc. (NASDAQ:NWTG - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,009 shares of the company's stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.35% of Newton Golf at the end of the most recent reporting period. Institutional investors own 0.49% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "sell (e)" rating on shares of Newton Golf in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of "Sell".
Get Our Latest Stock Report 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. Joseph, MO. We intend to manufacture and assemble substantially all products in the United States.
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