Zacks Research Forecasts Newton Golf FY2027 Earnings

Newton Golf Company, Inc. (NASDAQ:NWTG) – Equities research analysts at Zacks Research issued their FY2027 earnings per share (EPS) estimates for Newton Golf in a report issued on Wednesday, April 1st. Zacks Research analyst T. Kerr forecasts that the company will post earnings per share of $0.15 for the year.

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Newton Golf in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Newton Golf presently has an average rating of “Sell”.

Newton Golf Price Performance

NWTG opened at $1.42 on Thursday. The firm has a market cap of $6.75 million, a PE ratio of -0.81 and a beta of 3.56. The stock has a 50-day moving average price of $1.54 and a 200-day moving average price of $1.59. Newton Golf has a 1 year low of $0.82 and a 1 year high of $3.50.

Institutional Investors Weigh In On Newton Golf

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in Newton Golf by 45.6% during the 4th quarter. Geode Capital Management LLC now owns 41,530 shares of the company’s stock valued at $62,000 after buying an additional 13,001 shares during the last quarter. DRW Securities LLC purchased a new position in shares of Newton Golf in the 4th quarter worth $27,000. Finally, Virtu Financial LLC bought a new stake in shares of Newton Golf in the third quarter worth $28,000. Institutional investors own 0.49% of the company’s stock.

Newton Golf Company Profile

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.