Topgolf Callaway Brands is focused on the golf and active lifestyle. Co. has three reportable operating business segments: Topgolf, which is a technology-enabled golf entertainment business with a platform of products and services comprised of its open-air golf and entertainment venues, as well as its proprietary Toptracer ball-tracking technology and digital media platform; Golf Equipment, which designs, manufactures and sells a line of golf equipment comprised of the golf clubs and golf balls product groups; and Active Lifestyle, which designs, develops and sells soft good products under the Callaway, TravisMathew, LLC, OGIO International, Inc. and JW Stargazer Holding GmbH brands. We show 7 historical shares outstanding datapoints in our MODG shares outstanding history coverage, used to compute MODG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MODG market cap history over the course of time is important for investors
interested in comparing MODG's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of MODG versus a peer is one thing; comparing
MODG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like MODG can fluctuate over the course of history.
With this page we aim to empower investors researching MODG by allowing them to research the MODG market cap history. |
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Video: The Importance of Market Cap
