Newton Golf (NASDAQ:NWTG) Director Purchases 15,000 Shares

Newton Golf Company, Inc. (NASDAQ:NWTG) Director Brett Widney Hoge purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were purchased at an average cost of $1.16 per share, for a total transaction of $17,400.00. Following the completion of the transaction, the director directly owned 246,371 shares of the company’s stock, valued at $285,790.36. This represents a 6.48% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

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 stock was purchased at an average price 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 shares were purchased at an average cost of $1.07 per share, for a total transaction of $88,810.00.

Newton Golf Price Performance

Shares of NASDAQ NWTG traded down $0.02 during midday trading on Thursday, reaching $1.16. The company’s stock had a trading volume of 103,160 shares, compared to its average volume of 126,075. The stock has a market capitalization of $5.49 million, a P/E ratio of -0.94 and a beta of 4.65. The firm has a 50 day moving average price of $1.63 and a 200-day moving average price of $1.69. Newton Golf Company, Inc. has a 12-month low of $0.82 and a 12-month high of $53.10.

Newton Golf (NASDAQ:NWTG) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.15). The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.38 million. Newton Golf had a negative return on equity of 566.85% and a negative net margin of 172.69%. Newton Golf has set its FY 2025 guidance at EPS.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NWTG shares. Wall Street Zen lowered shares of Newton Golf from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a “sell (e)” rating on shares of Newton Golf in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Newton Golf has a consensus rating of “Sell”.

Institutional Investors 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 shares of Newton Golf Company, Inc. (NASDAQ:NWTG) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,009 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.35% of Newton Golf as of its most recent SEC filing. Institutional investors and hedge funds 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.