FY2026 EPS Estimate for Newton Golf Decreased by Analyst

Newton Golf Company, Inc. (NASDAQ:NWTG) – Analysts at Zacks Research decreased their FY2026 earnings per share estimates for shares of Newton Golf in a research report issued on Wednesday, April 1st. Zacks Research analyst T. Kerr now anticipates that the company will post earnings per share of ($0.48) for the year, down from their previous forecast of ($0.06).

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, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Newton Golf Stock Performance

Shares of NWTG stock opened at $1.42 on Friday. Newton Golf has a 1 year low of $0.82 and a 1 year high of $3.50. The firm has a market capitalization of $6.52 million, a PE ratio of -0.81 and a beta of 3.57. The stock has a fifty day moving average of $1.54 and a two-hundred day moving average of $1.59.

Institutional Investors Weigh In On Newton Golf

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in shares of Newton Golf by 45.6% in the fourth 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. DRW Securities LLC bought a new position in Newton Golf in the 4th quarter worth $27,000. Finally, Virtu Financial LLC bought a new stake in Newton Golf during the third quarter valued at about $28,000. Institutional investors own 0.49% of the company’s stock.

About Newton Golf

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.