Sacks Parente Golf Inc., a producer of golf gear based mostly in Camarillo, is reeling from an over-par debut on the New York Inventory Change.

The maker of a $400 putter noticed its inventory value soar on Aug. 15, its first day of buying and selling, however the bliss was short-lived.

Sacks Parente shares tumbled 80% the next day, quickly buying and selling under their preliminary public providing value of $4. Shares of the corporate’s inventory ended their first week on Wall Avenue at $2.51 per share, and closed at $2.54 on Aug. 23.

The inventory surged, then shortly eroded as traders took a breather from the frenzy and received caught up on the corporate’s rocky monetary historical past.

In keeping with its submitting with the U.S. Securities and Change Fee in December, Sacks Parente is way from turning a revenue regardless of the eyebrow-raising costs of its golf golf equipment. The corporate had a web lack of $3.5 million final yr, making simply $190,000 in gross sales.

Sacks Parente was based by two former skilled golfers, Steve Sacks and Richard Parente. Parente additionally based some of the well-known golf manufacturers, Callaway, now often known as Topgolf Callaway Manufacturers Corp.

Sacks Parente sells its merchandise by resellers, its web site and distributors in america, Japan and South Korea. Proceeds from its preliminary public providing are anticipated to develop the corporate’s manufacturing

The rollercoaster buying and selling week for Sacks Parente displays the golf trade’s rising pains. The emergence of LIV Golf, the Saudi-backed skilled golf tour, and its contentious merger with Skilled Golfers Affiliation of America Tour, and the expansion of golf leisure manufacturers corresponding to Topgolf, symbolize a altering presence for a sport as soon as kown for its exclusivity.

Coming into the general public market, Sacks Parente is probably going hoping to money in on the game’s rising market.