Zacks Research Forecasts Newton Golf FY2027 Earnings

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

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

Newton Golf Stock Performance

Shares of Newton Golf stock opened at $1.42 on Thursday. Newton Golf has a fifty-two week low of $0.82 and a fifty-two week high of $3.50. The company has a market capitalization of $6.52 million, a P/E ratio of -0.81 and a beta of 3.57. The company has a fifty day moving average of $1.54 and a 200 day moving average of $1.59.

Hedge Funds Weigh In On Newton Golf

Several hedge funds have recently modified their holdings of NWTG. DRW Securities LLC bought a new stake in shares of Newton Golf in the 4th quarter worth about $27,000. Virtu Financial LLC bought a new position in shares of Newton Golf in the 3rd quarter valued at about $28,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Newton Golf by 45.6% in the 4th quarter. Geode Capital Management LLC now owns 41,530 shares of the company’s stock valued at $62,000 after acquiring an additional 13,001 shares during the last quarter. Hedge funds and other 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.