Brett Widney Hoge Purchases 15,000 Shares of Newton Golf (NASDAQ:NWTG) Stock

Newton Golf Company, Inc. (NASDAQ:NWTG) Director Brett Widney Hoge bought 15,000 shares of the stock in a transaction on Wednesday, November 19th. The shares were acquired at an average cost of $1.16 per share, for a total transaction of $17,400.00. Following the acquisition, the director directly owned 246,371 shares in the company, valued at approximately $285,790.36. This trade represents a 6.48% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Brett Widney Hoge also recently made the following trade(s):

• On Thursday, November 20th, Brett Widney Hoge acquired 4,000 shares of Newton Golf stock. The shares were acquired at an average cost of $1.20 per share, with a total value of $4,800.00.
• On Tuesday, November 18th, Brett Widney Hoge bought 83,000 shares of Newton Golf stock. The stock was acquired at an average price of $1.07 per share, for a total transaction of $88,810.00.

Newton Golf Trading Down 1.7%

Shares of NWTG traded down $0.02 during trading hours on Thursday, reaching $1.16. 103,160 shares of the company’s stock traded hands, compared to its average volume of 126,075. Newton Golf Company, Inc. has a 12 month low of $0.82 and a 12 month high of $53.10. The stock has a market cap of $5.49 million, a PE ratio of -0.94 and a beta of 4.65. The firm’s 50 day simple moving average is $1.63 and its 200-day simple moving average is $1.69.

Newton Golf (NASDAQ:NWTG) last posted 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 company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.38 million. Newton Golf has set its FY 2025 guidance at EPS.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NWTG. Weiss Ratings restated a “sell (e)” rating on shares of Newton Golf in a research report on Monday. Wall Street Zen lowered shares of Newton Golf from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Newton Golf has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Newton Golf stock. Virtu Financial LLC acquired a new position in shares of Newton Golf Company, Inc. (NASDAQ:NWTG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,009 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.35% of Newton Golf at the end of the most recent reporting period. 0.49% of the stock is owned by hedge funds and other institutional investors.

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.