$NWTGMay 28, 2026, 3:45 PM ETAI processed

Emerging Growth reiterates Buy and $3 PT on NWTG after Q1; capacity expanded to ~60k shafts

AI Summary

Emerging Growth Research reiterated its Buy‐Emerging rating and $3.00 price target on Newton Golf (NWTG) after Q1:26 results, saying the quarter was modestly below expectations due to temporary production upgrades that caused shipping delays and about $0.3M of order cancellations. The firm highlighted material positives—expanded St. Joseph capacity to ~60,000 shafts/year, Motion shafts ranking #1 at Club Champion and use by >60 touring pros, rising customer deposits/open orders—and noted Newton raised convertible notes and trimmed FY:26 revenue to ~$10.9M while expecting FY:27 acceleration as operational efficiencies and OEM discussions progress.

Positives

Expanded manufacturing capacity to ~60,000 shafts annually at St. Joseph facility
Motion shafts ranked #1 for drivers/fairway woods at Club Champion and are used by >60 professional golfers
Customer deposits and open orders increased meaningfully in Q1:26

Negatives

Q1:26 results modestly below expectations due to temporary production upgrades causing shipping delays
Approximately $0.3M of order cancellations tied to the production upgrades
Firm modestly lowered FY:26 revenue forecast to ~$10.9M and the company raised convertible notes (financing/dilution risk)

Company Info

Company:: Newton Golf Company Inc
Exchange:: Nasdaq
Industry:: Leisure Products
Country:: US
Website:: https://newtongolfco.com
Market cap:: 5.52M
Shares outstanding:: 4.59M

Support and Resistance

$NWTG

Resistance: 1.05 / 1.12 / 1.22 / 1.27

Support: 1.00 / 0.9555 / 0.9000 / 0.8562

Data generated during REGULAR session at $1.0200

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