Zacks Research Estimates Newton Golf FY2027 Earnings

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

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

Newton Golf Trading Down 10.7%

NWTG opened at $1.42 on Thursday. The company has a market cap of $6.75 million, a price-to-earnings ratio of -0.81 and a beta of 3.56. The company’s 50 day moving average is $1.54 and its 200 day moving average is $1.59. Newton Golf has a 12-month low of $0.82 and a 12-month high of $3.50.

Hedge Funds Weigh In On Newton Golf

Several large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Newton Golf in the third quarter worth approximately $28,000. Geode Capital Management LLC raised its position in shares of 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 purchasing an additional 13,001 shares during the period. Finally, DRW Securities LLC bought a new stake in shares of Newton Golf during the 4th quarter valued at $27,000. Hedge funds and other 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.