Gregor Alasdair Campbell Buys 10,000 Shares of Newton Golf (NASDAQ:NWTG) Stock

Newton Golf Company, Inc. (NASDAQ:NWTG) CEO Gregor Alasdair Campbell bought 10,000 shares of Newton Golf stock in a transaction dated 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 directly owned 335,945 shares of the company’s stock, valued at approximately $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 available through the SEC website.

Newton Golf Trading Down 1.3%

Shares of NWTG stock opened at $1.54 on Wednesday. The firm’s 50 day moving average is $1.48 and its 200 day moving average is $1.65. The stock has a market capitalization of $7.32 million, a P/E ratio of -1.25 and a beta of 4.51. Newton Golf Company, Inc. has a 12 month low of $0.82 and a 12 month high of $40.20.

Newton Golf (NASDAQ:NWTG) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.15). The business had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.38 million. Newton Golf had a negative net margin of 172.69% and a negative return on equity of 566.85%.

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 position in Newton Golf Company, Inc. (NASDAQ:NWTG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,009 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.35% of Newton Golf as of its most recent SEC filing. Hedge funds and other institutional investors own 0.49% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Newton Golf in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Newton Golf currently has an average rating of “Sell”.

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.