Newton Golf (NASDAQ:NWTG) Issues Earnings Results, Misses Expectations By $0.15 EPS

Newton Golf (NASDAQ:NWTG) announced its quarterly earnings results on Thursday. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.15), Zacks reports. The firm had revenue of $2.58 million during the quarter, compared to analyst estimates of $2.38 million. Newton Golf had a negative net margin of 205.92% and a negative return on equity of 570.38%. Newton Golf updated its FY 2025 guidance to EPS.

Newton Golf Stock Down 0.1%

NWTG traded down $0.00 during trading on Friday, reaching $0.95. 63,223 shares of the stock traded hands, compared to its average volume of 1,067,365. The stock’s 50-day moving average is $1.71 and its 200 day moving average is $1.71. Newton Golf has a 12 month low of $0.82 and a 12 month high of $53.47. The stock has a market capitalization of $4.38 million, a PE ratio of -0.04 and a beta of 4.65.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NWTG. Wall Street Zen lowered shares of Newton Golf from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Newton Golf in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

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.