Sacks Parente Golf (SPGC) Stock Price, News & Analysis

Company Overview

Sacks Parente Golf, Inc., a technology-forward golf company, manufactures and sells golf products. The company provides putting instruments, golf shafts, golf grips, and other golf-related products. It also offers online custom fitting programs. The company sells its products through e-commerce, distributors, wholesale customers, including pro-shops at golf courses and off-course retailers, sporting goods retailers, online retailers, third-party distributors, and through Club Champion Golf, as well as through mass merchants and corporate customers in the Americas, Asia, and Europe. The company was formerly known as Sacks Parente Golf Company, LLC and changed its name to Sacks Parente Golf, Inc. in March 2022. The company was incorporated in 2018 and is based in Camarillo, California.

Key Stats

• Today's Range: $1.73 to $1.81
• 50-Day Range: $1.69 to $3.75
• 52-Week Range: $1.52 to $9.17
• Volume: 19,178 shs
• Average Volume: 40,035 shs
• Market Capitalization: $2.56 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Sacks Parente Golf Stock Analysis - MarketRank™

Sacks Parente Golf scored higher than 38% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Sacks Parente Golf.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Sacks Parente Golf are expected to grow in the coming year, from ($2.96) to ($1.78) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sacks Parente Golf is -0.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sacks Parente Golf is -0.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Sacks Parente Golf has a P/B Ratio of 0.44. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.89% of the float of Sacks Parente Golf has been sold short.

Short Interest Ratio / Days to Cover

Sacks Parente Golf has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sacks Parente Golf has recently increased by 32.29%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Sacks Parente Golf does not currently pay a dividend.

Dividend Growth

Sacks Parente Golf does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.89% of the float of Sacks Parente Golf has been sold short.

Short Interest Ratio / Days to Cover

Sacks Parente Golf has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sacks Parente Golf has recently increased by 32.29%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.15

News Sentiment

Sacks Parente Golf has a news sentiment score of 0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Sacks Parente Golf this week, compared to 1 article on an average week.

Search Interest

1 people have searched for SPGC on MarketBeat in the last 30 days.

MarketBeat Follows

Only 1 people have added Sacks Parente Golf to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Sacks Parente Golf insiders have bought more of their company's stock than they have sold. Specifically, they have bought $22.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

56.11% of the stock of Sacks Parente Golf is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 0.49% of the stock of Sacks Parente Golf is held by institutions.

SPGC Stock Analysis - Frequently Asked Questions

How have SPGC shares performed this year?

Sacks Parente Golf's stock was trading at $6.87 on January 1st, 2024. Since then, SPGC shares have decreased by 74.5% and is now trading at $1.75.
View the best growth stocks for 2024 here.

How were Sacks Parente Golf's earnings last quarter?

Sacks Parente Golf, Inc. (NASDAQ:SPGC) posted its quarterly earnings results on Monday, August, 5th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.60) by $0.19. The company earned $0.81 million during the quarter, compared to analysts' expectations of $0.71 million. Sacks Parente Golf had a negative net margin of 391.56% and a negative trailing twelve-month return on equity of 99.40%.

When did Sacks Parente Golf's stock split?

Sacks Parente Golf shares reverse split on Tuesday, July 30th 2024. The 1-10 reverse split was announced on Tuesday, July 30th 2024. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, July 30th 2024. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

When did Sacks Parente Golf IPO?

Sacks Parente Golf (SPGC) raised $14 million in an IPO on Tuesday, August 15th 2023. The company issued 3,000,000 shares at $4.00-$5.00 per share. The Benchmark Company acted as the underwriter for the IPO.

How do I buy shares of Sacks Parente Golf?

Shares of SPGC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Sacks Parente Golf own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sacks Parente Golf investors own include Tesla (TSLA), AbbVie (ABBV), Lockheed Martin (LMT), Walmart (WMT), Ford Motor (F), Intel (INTC) and Johnson & Johnson (JNJ).

Company Calendar

• Last Earnings: 8/05/2024
• Today: 10/31/2024
• Next Earnings (Estimated): 11/14/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Sporting & athletic goods, not elsewhere classified
• Sub-Industry: Recreation
• Current Symbol: NASDAQ:SPGC
• CUSIP: N/A
• CIK: 1934245
• Web: www.sacksparente.com
• Phone: 833-776-6659
• Fax: N/A
• Employees: 18
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($3.89)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-4,620,000.00
• Net Margins: -391.56%
• Pretax Margin: -391.56%
• Return on Equity: -99.40%
• Return on Assets: -90.18%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 6.87
• Quick Ratio: 5.95

Sales & Book Value

• Annual Sales: $1.38 million
• Price / Sales: 1.86
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $3.97 per share
• Price / Book: 0.44

Miscellaneous

• Outstanding Shares: 1,460,000
• Free Float: 641,000
• Market Cap: $2.56 million
• Optionable: Not Optionable
• Beta: 2.64