Newton Golf (NASDAQ:NWTG) CEO Purchases $15,900.00 in Stock

Newton Golf Company, Inc. (NASDAQ:NWTG) CEO Gregor Alasdair Campbell purchased 10,000 shares of Newton Golf stock in a transaction that occurred on Friday, December 26th. The stock was purchased at an average cost of $1.59 per share, for a total transaction of $15,900.00. Following the completion of the purchase, the chief executive officer owned 335,945 shares of the company’s stock, valued at $534,152.55. This trade represents a 3.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Newton Golf Trading Down 1.3%

Newton Golf stock traded down $0.02 on Monday, hitting $1.56. 58,051 shares of the stock traded hands, compared to its average volume of 956,165. Newton Golf Company, Inc. has a 1 year low of $0.82 and a 1 year high of $40.20. The firm has a market cap of $7.41 million, a P/E ratio of -1.27 and a beta of 4.50. The business’s fifty day simple moving average is $1.49 and its 200 day simple moving average is $1.65.

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

Institutional Trading of Newton Golf

An institutional investor recently bought a new position in Newton Golf stock. Virtu Financial LLC bought a new position in Newton Golf Company, Inc. (NASDAQ:NWTG) during the 3rd quarter, according to the company in its most recent 13F 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 about 0.35% of Newton Golf at the end of the most recent quarter. 0.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.