Zacks Research Decreases Earnings Estimates for Newton Golf

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

Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat.com, the stock currently 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 stock’s 50-day moving average is $1.53 and its two-hundred day moving average is $1.59. The firm has a market cap of $6.52 million, a price-to-earnings ratio of -0.81 and a beta of 3.57.

Institutional Trading of Newton Golf

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Newton Golf by 45.6% during the 4th quarter. Geode Capital Management LLC now owns 41,530 shares of the company’s stock worth $62,000 after buying an additional 13,001 shares during the last quarter. DRW Securities LLC acquired a new position in Newton Golf in the 4th quarter valued at about $27,000. Finally, Virtu Financial LLC purchased a new position in Newton Golf in the 3rd quarter valued at about $28,000. 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. Joseph, MO. We intend to manufacture and assemble substantially all products in the United States.