Newton Golf (NWTG)
Market Price (5/5/2026): $1.2 | Market Cap: $5.5 MilSector: Consumer Discretionary | Industry: Leisure Facilities
Newton Golf (NWTG)
Market Price (5/5/2026): $1.2Market Cap: $5.5 MilSector: Consumer DiscretionaryIndustry: Leisure Facilities
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -22% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 136% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -32% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Golf Technology & Analytics, Premium Golf Equipment, and Personalized Golf Experiences. | Weak multi-year price returns2Y Excs Rtn is -81%, 3Y Excs Rtn is -114% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -93% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -64%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -69% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -114% Key risksNWTG key risks include [1] persistent unprofitability and depleting cash reserves, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -22% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 136% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -32% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Golf Technology & Analytics, Premium Golf Equipment, and Personalized Golf Experiences. |
| Weak multi-year price returns2Y Excs Rtn is -81%, 3Y Excs Rtn is -114% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -93% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -64%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -69% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -114% |
| Key risksNWTG key risks include [1] persistent unprofitability and depleting cash reserves, Show more. |
Qualitative Assessment
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Newton Golf (NWTG) stock has lost about 20% since 1/31/2026 because of the following key factors:
1. Nasdaq Listing Non-Compliance: Newton Golf (NWTG) received a Nasdaq notification on April 10, 2026, regarding its non-compliance with the $2.5 million stockholders' equity requirement. The company has until May 21, 2026, to submit a compliance plan, which creates uncertainty and negative sentiment among investors.
2. Persistent Unprofitability and Earnings Performance: The company reported a net loss of $6.0 million for the full year 2025, with an operating margin of -92%. Following its Q4 2025 earnings report on March 31, 2026, NWTG shares declined 10.7% the day after the announcement and drifted another 13.7% lower over the subsequent 22 days, reflecting continued investor concern over its financial health.
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1. Nasdaq Listing Non-Compliance: Newton Golf (NWTG) received a Nasdaq notification on April 10, 2026, regarding its non-compliance with the $2.5 million stockholders' equity requirement. The company has until May 21, 2026, to submit a compliance plan, which creates uncertainty and negative sentiment among investors.
2. Persistent Unprofitability and Earnings Performance: The company reported a net loss of $6.0 million for the full year 2025, with an operating margin of -92%. Following its Q4 2025 earnings report on March 31, 2026, NWTG shares declined 10.7% the day after the announcement and drifted another 13.7% lower over the subsequent 22 days, reflecting continued investor concern over its financial health.
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Stock Movement Drivers
Fundamental Drivers
The -18.5% change in NWTG stock from 1/31/2026 to 5/4/2026 was primarily driven by a -30.3% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5042026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.46 | 1.19 | -18.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 8 | 17.4% |
| P/S Multiple | 1.0 | 0.7 | -30.3% |
| Shares Outstanding (Mil) | 5 | 5 | -0.4% |
| Cumulative Contribution | -18.5% |
Market Drivers
1/31/2026 to 5/4/2026| Return | Correlation | |
|---|---|---|
| NWTG | -18.5% | |
| Market (SPY) | 3.6% | 21.2% |
| Sector (XLY) | -2.7% | 15.1% |
Fundamental Drivers
The -22.7% change in NWTG stock from 10/31/2025 to 5/4/2026 was primarily driven by a -45.9% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5042026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.54 | 1.19 | -22.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 8 | 46.3% |
| P/S Multiple | 1.2 | 0.7 | -45.9% |
| Shares Outstanding (Mil) | 5 | 5 | -2.4% |
| Cumulative Contribution | -22.7% |
Market Drivers
10/31/2025 to 5/4/2026| Return | Correlation | |
|---|---|---|
| NWTG | -22.7% | |
| Market (SPY) | 5.5% | 27.0% |
| Sector (XLY) | -1.5% | 19.9% |
Fundamental Drivers
The -33.1% change in NWTG stock from 4/30/2025 to 5/4/2026 was primarily driven by a -93.6% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302025 | 5042026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.78 | 1.19 | -33.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3 | 8 | 136.1% |
| P/S Multiple | 0.2 | 0.7 | 340.1% |
| Shares Outstanding (Mil) | 0 | 5 | -93.6% |
| Cumulative Contribution | -33.1% |
Market Drivers
4/30/2025 to 5/4/2026| Return | Correlation | |
|---|---|---|
| NWTG | -33.1% | |
| Market (SPY) | 30.4% | 24.2% |
| Sector (XLY) | 20.3% | 22.4% |
Fundamental Drivers
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Market Drivers
4/30/2023 to 5/4/2026| Return | Correlation | |
|---|---|---|
| NWTG | ||
| Market (SPY) | 78.7% | 8.4% |
| Sector (XLY) | 63.2% | 9.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NWTG Return | - | - | - | - | -24% | -19% | -39% |
| Peers Return | 56% | -14% | 24% | 30% | 6% | -0% | 127% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 6% | 92% |
Monthly Win Rates [3] | |||||||
| NWTG Win Rate | - | - | - | - | 40% | 40% | |
| Peers Win Rate | 61% | 39% | 58% | 57% | 50% | 55% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| NWTG Max Drawdown | - | - | - | - | -55% | -27% | |
| Peers Max Drawdown | -4% | -39% | -12% | -20% | -25% | -14% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GOLF, AS, NKE, DKS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/4/2026 (YTD)
How Low Can It Go
NWTG has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.
| Event | XLY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.8% | -18.8% |
| % Gain to Breakeven | 27.9% | 23.1% |
| Time to Breakeven | 105 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -11.2% | -7.8% |
| % Gain to Breakeven | 12.6% | 8.5% |
| Time to Breakeven | 37 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -13.6% | -9.5% |
| % Gain to Breakeven | 15.8% | 10.5% |
| Time to Breakeven | 42 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -35.9% | -24.5% |
| % Gain to Breakeven | 56.0% | 32.4% |
| Time to Breakeven | 874 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.9% | -33.7% |
| % Gain to Breakeven | 51.3% | 50.9% |
| Time to Breakeven | 82 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.6% | -19.2% |
| % Gain to Breakeven | 24.4% | 23.7% |
| Time to Breakeven | 98 days | 105 days |
In The Past
SPDR Select Sector Fund's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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NWTG has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.
| Event | XLY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.8% | -18.8% |
| % Gain to Breakeven | 27.9% | 23.1% |
| Time to Breakeven | 105 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -35.9% | -24.5% |
| % Gain to Breakeven | 56.0% | 32.4% |
| Time to Breakeven | 874 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.9% | -33.7% |
| % Gain to Breakeven | 51.3% | 50.9% |
| Time to Breakeven | 82 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -51.0% | -53.4% |
| % Gain to Breakeven | 104.3% | 114.4% |
| Time to Breakeven | 372 days | 1085 days |
In The Past
SPDR Select Sector Fund's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Newton Golf (NWTG)
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. We anticipate expanding into golf apparel and other golf related product lines to enhance our growth. Our future expansions may include broadening our offerings through mergers, acquisitions or internal developments of product lines that are complementary to our premium brand. Product Portfolio Characteristics We design, manufacture and sell technology-forward, high-quality golf equipment, which is comprised of putting instruments, golf shafts, golf grips and related product groups. We design our golf products to fit golfers of all skill levels, amateur and professional, and our products are designed with the goal of conforming to the Rules of Golf as published by the United States Golf Association (“USGA”) and the ruling authority (“The R&A”). Our Products Our equipment includes putting instruments, golf shafts and grips. Our putting instruments are generally made of steel, aluminum, titanium alloys, carbon fiber, tungsten, and various other materials, including our patented magnesium face plate technologies. All of our products are currently sold under the SPG brand, but we intend to private label and sell certain components to interested third parties. Our shaft and putter technology has been shown by The Golf Lab, a Canadian golf research and education provider, to improve players’ ability to make putts, feel of the putter head, stroke, face angle at impact, and consistency for distance control. Our management believes that our proprietary shaft designs can enhance the performance of players’ putters as well as drivers and other golf clubs. Further, our management believes that these innovative designs, along with our proprietary manufacturing techniques, create performance improvements over traditional golf shafts. We were formed in 2018 as Sacks Parente Golf Company, LLC, a Delaware limited liability company. On March 18th, 2022, we converted into a Delaware corporation named Sacks Parente Golf, Inc. Sacks Parente Golf, Inc. 551 Calle San Pablo Camarillo, CA.
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Here are 1-2 brief analogies to describe Newton Golf (NWTG):
- The Tesla for golf equipment, specializing in high-tech, premium putters and shafts.
- A specialized golf equipment brand, like a high-tech combination of Scotty Cameron for putters and Fujikura for shafts.
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- Putting Instruments: High-quality, technology-forward golf putters made from various materials including patented magnesium face plate technologies.
- Golf Shafts: Advanced premium golf shafts designed with proprietary technologies for enhanced player performance.
- Golf Grips: Components for golf clubs that are part of their technology-forward golf equipment portfolio.
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Major Customers of Newton Golf (NWTG)
Newton Golf (NWTG), operating as Sacks Parente Golf, Inc., primarily sells its golf equipment and products to individual golfers.
Based on the company's description, its customer categories include:
- Amateur Golfers: Individuals of varying skill levels who play golf for recreation or in amateur competitions.
- Professional Golfers: Individuals who play golf professionally, utilizing the company's equipment for their career.
While the company states an intention to private label and sell certain components to interested third parties in the future, its current primary sales model focuses on directly serving golfers with its branded products, which are designed to fit "golfers of all skill levels, amateur and professional."
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Dr. Greg Campbell Executive Chairman & CEO
Dr. Greg Campbell brings nearly four decades of expertise in emerging technologies, product development, and public company leadership. He has successfully taken two companies public and previously managed a $1.2 billion P&L as Senior Vice President & General Manager at Lam Research. Dr. Campbell also serves as CEO of V-Grid Energy Systems, a company focused on converting agricultural waste into renewable electricity and bio-carbon.
Jeff Clayborne Chief Financial Officer and Chief Operating Officer
Jeff Clayborne brings over three decades of financial leadership across public and private companies in the consumer, technology, and entertainment sectors. He has led successful IPOs, built scalable financial systems, and helped grow design-led, consumer-facing brands. Prior to Newton Golf, he served as CFO of premium apparel brand Perfect Moment, public SaaS company Verb Technology, and e-mobility startup SONDORS. His appointment as Chief Financial Officer and Chief Operating Officer was effective January 30, 2026.
Akinobu Yorihiro Chief Technology Officer
Akinobu Yorihiro is a co-founder of Sacks Parente Golf (now Newton Golf) and currently serves as Chief Technology Officer. He possesses deep expertise in international business development, manufacturing, and intellectual property. He has also chaired Nippon Xport Ventures since 2017. He previously held roles at Newton Golf, including Chief Legal Officer and CFO, and was a corporate M&A partner at Bingham McCutchen LLP.
Steve Sacks Co-Founder
Steve Sacks is a co-founder of Sacks Parente Golf, which was founded in 2018. He has a long history in the golf industry, starting his career in the 1970s. He co-founded Goldwin Golf and also worked at Carbite Golf and Rife.
Richard Parente Co-Founder
Richard Parente is a co-founder of Sacks Parente Golf, established in 2018. He was an original co-founder and the first President of Callaway Golf in 1982. He has spent decades designing golf gear throughout his career.
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Key Business Risks for Newton Golf (NWTG)
- Intense Competition and Reliance on Technological Superiority: Newton Golf operates in a competitive golf equipment market, and its business model heavily emphasizes its "technology-forward" approach and "proprietary shaft designs" and "Patented Newton Motion Shafts and Gravity Putters with ULBP Technology". A significant risk is the potential for competitors, including "industry giants" like Callaway, TaylorMade, and Titleist, to introduce superior or more cost-effective technologies, or for Newton Golf's innovations to lose their competitive edge. This could lead to a decline in market share and profitability.
- Risks Associated with Business Expansion: The company plans to expand its product portfolio into new areas, such as golf apparel and other golf-related products, and also anticipates growth through mergers, acquisitions, or internal developments. Expanding into new and potentially highly competitive markets, or executing mergers and acquisitions, carries inherent risks. These include challenges in market acceptance of new products, integration difficulties with acquired businesses, and the financial strain of such ventures, which could divert resources and negatively impact overall business performance.
- Potentially Higher Manufacturing Costs: Newton Golf states its intention to "manufacture and assemble substantially all products in the United States." While this approach can offer benefits like strict quality control and supply chain efficiency, it may also result in higher manufacturing and labor costs compared to companies that utilize international production facilities. These elevated costs could impact the company's pricing strategy, profit margins, and overall competitiveness within the global golf equipment market.
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<p>For Newton Golf (NWTG), operating as Sacks Parente Golf, Inc., the addressable markets for its main products are as follows:</p> <h3>Golf Putters</h3> <ul> <li>The global golf putter market was valued at approximately USD 3.5 billion in 2024 and is projected to reach USD 5.1 billion by 2034.</li> <li>The U.S. golf putter market was valued at USD 1,330.06 million in 2024 and is anticipated to reach USD 1,843.27 million by 2032.</li> </ul> <h3>Golf Shafts</h3> <ul> <li>The global golf shaft market size was approximately USD 353.82 million in 2024, with projections to reach USD 432.74 million by 2032.</li> <li>Another estimate places the global golf shaft market at approximately USD 0.46 billion (USD 460 million) in 2024, expected to reach USD 0.72 billion (USD 720 million) by 2033.</li> <li>North America holds a significant share of the global golf shaft market, accounting for approximately 35% of the total.</li> <li>The U.S. golf shaft market (specifically "Golf Shaft In Depth") was valued at USD 114.09 million in 2024.</li> </ul> <h3>Golf Grips</h3> <ul> <li>The global golf club grips market was valued at USD 799.94 million in 2024, with an expected increase to USD 893.95 million by 2031.</li> <li>Another estimate for the global golf grip market size was USD 340.16 million in 2024, projected to exceed USD 453.84 million by 2034.</li> <li>North America dominates the golf grip market, holding roughly 42% share in 2024.</li> </ul>AI Analysis | Feedback
Expected Drivers of Future Revenue Growth for Newton Golf (NWTG)
Newton Golf (NASDAQ: NWTG), formerly Sacks Parente Golf, Inc., is strategically positioned for future revenue growth over the next 2-3 years, driven by several key initiatives:
- New Product Launches and Portfolio Expansion: The company has demonstrated a strong commitment to innovation through the continuous introduction of new golf equipment. Recent successes, such as the Newton Motion driver shaft launched in November 2023 and the Newton Motion fairway shaft in April 2024, significantly contributed to revenue in Q1 2025. The Fast Motion™ shaft, introduced in 2025, achieved the strongest product launch in the company's history. Looking ahead, Newton Golf plans to debut new Fast Motion™ fairway wood shafts and dedicated hybrid shafts in January 2026, and intends to launch additional premium shaft lines throughout 2026. Furthermore, the company is exploring expansion into golf apparel and other golf-related accessories, broadening its product categories and market reach.
- Expanded Distribution Channels and Market Penetration: Newton Golf is actively growing its presence through a diversified distribution strategy. The company has seen increased direct-to-consumer sales, supported by improved marketing efficiency and higher conversion rates. Significant inroads have been made in international markets, with global distribution agreements providing access to high-value markets like Japan and South Korea, including securing distribution in 50 of Japan's largest golf retail locations in 2024. Domestically, partnerships with retailers such as Club Champion Golf, where Newton shafts were the number one selling driver and fairway wood shafts in 2025, are crucial for broader market penetration. Future expansion will focus on professional club fitters, retail partners, and potential OEM collaborations.
- Professional Validation and Enhanced Brand Visibility: A growing adoption of Newton Golf products by professional golfers significantly boosts the brand's credibility and visibility. By July 2025, over 50 professionals across the PGA TOUR Champions and LPGA Tour had utilized Newton shafts in competition. Notable endorsements, such as Doug Barron's major victory using a Newton Motion shaft, serve to validate the performance of Newton's technology on the sport's biggest stages. This increasing tour presence and third-party validation are expected to drive broader consumer adoption and sales.
- Technological Innovation and "Physics-First" Engineering: Newton Golf differentiates itself through a "physics-first" engineering approach, developing advanced golf equipment designed to enhance stability, control, and performance. The company's proprietary shaft designs, including Ultra-Low Balance Point (ULBP) putters and Newton Motion shafts, are engineered to improve players’ ability to make putts, feel of the putter head, stroke, face angle at impact, and consistency for distance control. This continuous focus on R&D and scientifically advanced tools is a core driver for maintaining a competitive edge and attracting performance-oriented golfers.
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Share Repurchases
- Newton Golf Company authorized a share repurchase program of up to $1 million of its common stock, effective from January 31, 2025, until January 31, 2026.
Share Issuance
- In December 2024, Newton Golf completed an underwritten public offering, raising approximately $8.4 million in gross proceeds.
- Effective March 17, 2025, the company carried out a one-for-thirty (1-30) reverse stock split.
Inbound Investments
- Newton Golf (then Sacks Parente Golf, Inc.) secured approximately $8.4 million in gross proceeds from an underwritten public offering in December 2024. This capital was intended to bolster strategic initiatives, accelerate product development, and enhance operational capabilities.
Capital Expenditures
- In April 2022, the company expanded its manufacturing operations by opening a new shaft manufacturing facility in St. Joseph, Missouri.
- Newton Golf Company reported capital expenditures of $93,000 in the third quarter of 2025.
- Approximately $502,000 in capital expenditures consumed a significant portion of the company's operating cash flow.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Newton Golf Earnings Notes | 12/16/2025 | |
| With Newton Golf Stock Surging, Have You Considered The Downside? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 43.09 |
| Mkt Cap | 18.9 |
| Rev LTM | 6,566 |
| Op Inc LTM | 714 |
| FCF LTM | 260 |
| FCF 3Y Avg | 402 |
| CFO LTM | 866 |
| CFO 3Y Avg | 865 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 26.7% |
| Rev Chg 3Y Avg | 8.1% |
| Rev Chg Q | 28.5% |
| QoQ Delta Rev Chg LTM | 7.6% |
| Op Inc Chg LTM | -13.2% |
| Op Inc Chg 3Y Avg | -12.1% |
| Op Mgn LTM | 7.7% |
| Op Mgn 3Y Avg | 9.3% |
| QoQ Delta Op Mgn LTM | -0.5% |
| CFO/Rev LTM | 5.6% |
| CFO/Rev 3Y Avg | 10.0% |
| FCF/Rev LTM | 2.3% |
| FCF/Rev 3Y Avg | 6.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 18.9 |
| P/S | 1.4 |
| P/Op Inc | 18.7 |
| P/EBIT | 17.6 |
| P/E | 28.4 |
| P/CFO | 20.7 |
| Total Yield | 3.5% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.8% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.5% |
| 3M Rtn | -10.7% |
| 6M Rtn | 1.0% |
| 12M Rtn | 14.8% |
| 3Y Rtn | 65.2% |
| 1M Excs Rtn | -9.9% |
| 3M Excs Rtn | -13.9% |
| 6M Excs Rtn | -5.9% |
| 12M Excs Rtn | -9.7% |
| 3Y Excs Rtn | -12.4% |
Price Behavior
Price Behavior
| Market Price | $1.19 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 08/15/2023 | |
| Distance from 52W High | -44.9% | |
| 50 Days | 200 Days | |
| DMA Price | $1.68 | $1.90 |
| DMA Trend | down | down |
| Distance from DMA | -29.1% | -37.3% |
| 3M | 1YR | |
| Volatility | 75.8% | 88.0% |
| Downside Capture | 1.08 | 1.41 |
| Upside Capture | 36.45 | 146.48 |
| Correlation (SPY) | 21.1% | 24.0% |
NWTG Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.63 | 0.75 | 1.07 | 1.92 | 1.69 | -0.32 |
| Up Beta | 2.83 | 3.14 | 1.60 | 1.92 | 1.40 | 0.07 |
| Down Beta | 1.01 | -0.93 | 0.29 | 0.81 | 1.28 | -0.93 |
| Up Capture | -26% | -70% | 60% | 247% | 164% | 13% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 9 | 16 | 28 | 56 | 109 | 120 |
| Down Capture | 1031% | 94% | 129% | 203% | 177% | 89% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 12 | 23 | 31 | 63 | 129 | 148 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NWTG | |
|---|---|---|---|---|
| NWTG | -30.1% | 87.8% | -0.02 | - |
| Sector ETF (XLY) | 19.7% | 18.8% | 0.82 | 22.2% |
| Equity (SPY) | 29.7% | 12.5% | 1.83 | 23.9% |
| Gold (GLD) | 39.6% | 27.2% | 1.21 | 1.4% |
| Commodities (DBC) | 50.7% | 18.0% | 2.18 | 1.1% |
| Real Estate (VNQ) | 12.1% | 13.5% | 0.60 | 9.0% |
| Bitcoin (BTCUSD) | -19.0% | 42.2% | -0.39 | 14.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NWTG | |
|---|---|---|---|---|
| NWTG | -8.9% | 113.9% | 0.13 | - |
| Sector ETF (XLY) | 6.6% | 23.8% | 0.24 | 8.9% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 8.3% |
| Gold (GLD) | 20.1% | 17.9% | 0.91 | -4.4% |
| Commodities (DBC) | 14.1% | 19.1% | 0.60 | -0.6% |
| Real Estate (VNQ) | 3.3% | 18.8% | 0.08 | -1.2% |
| Bitcoin (BTCUSD) | 7.3% | 56.2% | 0.34 | 2.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NWTG | |
|---|---|---|---|---|
| NWTG | -4.5% | 113.9% | 0.13 | - |
| Sector ETF (XLY) | 12.6% | 22.0% | 0.53 | 8.9% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 8.3% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | -4.4% |
| Commodities (DBC) | 9.7% | 17.7% | 0.46 | -0.6% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | -1.2% |
| Bitcoin (BTCUSD) | 67.1% | 66.9% | 1.06 | 2.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/13/2025 | -29.0% | -12.3% | 9.0% |
| 8/14/2025 | -10.6% | -6.7% | 7.2% |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 2 |
| # Negative | 2 | 2 | 0 |
| Median Positive | 8.1% | ||
| Median Negative | -19.8% | -9.5% | |
| Max Positive | 9.0% | ||
| Max Negative | -29.0% | -12.3% | |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/13/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 04/04/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/05/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 03/18/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 09/18/2023 | 10-Q |
| 03/31/2023 | 05/24/2023 | S-1/A |
| 09/30/2022 | 01/27/2023 | S-1/A |
| 06/30/2022 | 10/03/2022 | S-1/A |
| 03/31/2022 | 08/05/2022 | S-1 |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Campbell, Gregor Alasdair | Executive Chairman & CEO | Direct | Buy | 12292025 | 1.59 | 10,000 | 15,879 | 533,447 | Form |
| 2 | Clayborne, Jeff | Chief Financial Officer | Spouse | Buy | 12162025 | 1.45 | 6,850 | 9,932 | 9,932 | Form |
| 3 | Hoge, Brett Widney | Direct | Buy | 11252025 | 1.21 | 20,000 | 24,140 | 326,340 | Form | |
| 4 | Hoge, Brett Widney | Direct | Buy | 11202025 | 1.20 | 4,000 | 4,784 | 299,419 | Form | |
| 5 | Hoge, Brett Widney | Direct | Buy | 11202025 | 1.16 | 15,000 | 17,470 | 286,948 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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