Newton Golf Company (NWTG)
NASDAQ:NWTG
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Newton Golf Company
(NASDAQ:NWTG)
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Rating:42Neutral
Price Target:
$0.99
▼(-36.79% Downside)
Action:Reiterated
Date:05/29/26
The score is primarily weighed down by weak financial performance (large losses, persistent cash burn, negative equity, and sharply negative revenue growth). Technicals add pressure with a clear downtrend (below key moving averages), while recent financings improve near-term liquidity but introduce dilution and do not remove Nasdaq compliance risk.
Positive Factors
Strong gross margins
Sustained gross margins above 50% indicate durable unit economics that can support profitability once scale or operating leverage improves. Healthy product-level margins give management options to restore profitability through cost discipline, price management, or focused SKU mix over months.
Negative Factors
Persistent cash burn
Multi-year negative operating and free cash flow indicates the business consumes cash rather than self-funds growth. Persistent burn forces reliance on external financing, increases dilution risk, and constrains investment in marketing or product development needed to restore revenue trends.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong gross margins
Sustained gross margins above 50% indicate durable unit economics that can support profitability once scale or operating leverage improves. Healthy product-level margins give management options to restore profitability through cost discipline, price management, or focused SKU mix over months.
Read all positive factors
Newton Golf Company (NWTG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.09M
Dividend YieldN/A
Average Volume (3M)121.73K
Price to Earnings (P/E)―
Beta (1Y)0.75
Revenue Growth83.79%
EPS Growth96.51%
CountryUS
Employees28
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)-177.98
Shares Outstanding4,592,063
10 Day Avg. Volume82,460
30 Day Avg. Volume121,730
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.07
Price to Sales (P/S)0.00849
P/FCF Ratio-0.01
Enterprise Value/Market Cap1.18
Enterprise Value/Revenue0.61
Enterprise Value/Gross Profit1.13
Enterprise Value/Ebitda-0.76
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.8
Revenue Forecast (FY)$11.86M
Newton Golf Company Business Overview & Revenue Model
Company Description
Newton Golf Company, 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 co...
How the Company Makes Money
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Newton Golf Company Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
27
Negative
Cash Flow
11
Very Negative
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.13M | 3.44M | 349.00K | 190.00K | 200.00K |
| Gross Profit | 4.55M | 2.27M | 122.00K | 80.00K | 84.00K |
| EBITDA | -5.68M | -4.81M | -4.60M | -2.86M | 0.00 |
| Net Income | -6.02M | -11.75M | -4.63M | -3.50M | -302.00K |
Balance Sheet | |||||
| Total Assets | 3.30M | 9.77M | 6.39M | 710.00K | 263.00K |
| Cash, Cash Equivalents and Short-Term Investments | 1.30M | 7.65M | 5.34M | 147.00K | 184.00K |
| Total Debt | 84.00K | 34.00K | 65.00K | 944.00K | 1.21M |
| Total Liabilities | 2.37M | 14.95M | 604.00K | 2.59M | 1.70M |
| Stockholders Equity | 926.00K | -5.19M | 5.79M | -1.88M | -1.44M |
Cash Flow | |||||
| Free Cash Flow | -5.63M | -5.43M | -5.34M | -860.00K | -171.00K |
| Operating Cash Flow | -5.17M | -4.93M | -5.05M | -785.00K | -171.00K |
| Investing Cash Flow | -469.00K | -502.00K | -289.00K | -75.00K | 0.00 |
| Financing Cash Flow | -717.00K | 7.74M | 10.50M | 847.00K | 255.00K |
Newton Golf Company Technical Analysis
Negative
1.56
Price Trends
1.27
Negative
1.43
Negative
1.54
Negative
Market Momentum
-0.10
Positive
44.55
Neutral
29.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NWTG, the sentiment is Negative. The current price of 1.56 is above the 20-day moving average (MA) of 1.08, above the 50-day MA of 1.27, and above the 200-day MA of 1.54, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 44.55 is Neutral, neither overbought nor oversold. The STOCH value of 29.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NWTG.
Newton Golf Company Risk Analysis
Newton Golf Company disclosed 56 risk factors in its most recent earnings report. Newton Golf Company reported the most risks in the "Ability to Sell" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Newton Golf Company Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $264.78M | 17.01 | 8.97% | 4.71% | -3.69% | 12.42% | |
67 Neutral | $470.68M | -31.08 | -3.57% | 3.22% | 17.59% | 68.88% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $5.29B | 31.23 | 20.87% | 1.15% | 6.34% | -21.30% | |
47 Neutral | $124.76M | -13.18 | -5.76% | ― | -0.61% | -126.06% | |
42 Neutral | $4.09M | >-0.01 | -566.85% | ― | 83.79% | 96.51% |
* Consumer Cyclical Sector Average
NWTG
Newton Golf Company
1.03
-0.66
-39.05%
ESCA
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19.10
4.93
34.78%
GOLF
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89.03
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31.58%
JOUT
Johnson Outdoors
45.50
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68.05%
AOUT
American Outdoor Brands
10.31
-1.90
-15.56%
Newton Golf Company Corporate Events
Executive/Board Changes
Newton Golf Appoints Gregg Hemphill to Board
Positive
May 20, 2026
On May 19, 2026, Newton Golf Company, Inc.’s Board of Directors appointed Gregg Hemphill as an independent director, with his term running until the 2026 annual meeting of stockholders or until a successor is in place. The Board also named h...
Private Placements and Financing
Newton Golf Expands Liquidity via Convertible Note Financings
Positive
Apr 13, 2026
On March 16, 2026, Newton Golf Company entered into a securities purchase agreement to issue up to $2 million of unsecured convertible promissory notes and accompanying common stock warrants, with the first $500,000 closing completed that day. The...
Delistings and Listing ChangesRegulatory Filings and Compliance
Newton Golf Faces Nasdaq Listing Compliance Deficiency Notice
Negative
Apr 9, 2026
On April 6, 2026, Newton Golf Company received a Nasdaq deficiency notice stating it no longer met the $2.5 million minimum stockholders’ equity required for continued listing on the Nasdaq Capital Market. The company has until May 21, 2026,...
Executive/Board Changes
Newton Golf Company announces board resignation and governance change
Neutral
Apr 1, 2026
On March 31, 2026, Newton Golf Company, Inc. announced that Greg Campbell resigned from its Board of Directors, effective immediately, marking a change in the company’s governance structure during that period. The company stated that Campbel...
Executive/Board Changes
Newton Golf Announces CEO Ouster and Interim Leadership Shift
Neutral
Mar 30, 2026
On March 27, 2026, Newton Golf Company, Inc. removed Greg Campbell from his roles as Executive Chairman, Chief Executive Officer and principal executive officer, signaling a significant leadership change for the company. On the same date, co-found...
Private Placements and FinancingRegulatory Filings and Compliance
Newton Golf Raises Capital via Convertible Notes Financing
Positive
Mar 18, 2026
On March 16, 2026, Newton Golf Company, Inc. entered into a securities purchase agreement to raise up to $2 million through unsecured convertible promissory notes and accompanying stock warrants, with an initial $500,000 closing funded by entities...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.