TruGolf (NASDAQ:TRUG) Stock Price Down 0.8% – Here’s Why

TruGolf Holdings, Inc. (NASDAQ:TRUG) dropped 0.8% on Friday . The stock traded as low as $1.14 and last traded at $1.17. Approximately 61,292 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 675,798 shares. The stock had previously closed at $1.18.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TRUG shares. Weiss Ratings reissued a “sell (e+)” rating on shares of TruGolf in a report on Wednesday, October 8th. Zacks Research upgraded TruGolf to a “hold” rating in a report on Monday, September 29th. Finally, Singular Research upgraded TruGolf to a “moderate buy” rating in a report on Thursday, September 25th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $100.00.

TruGolf Stock Down 0.8%

The stock has a 50 day moving average price of $1.88 and a 200 day moving average price of $4.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.10 and a current ratio of 1.28. The company has a market capitalization of $3.03 million, a P/E ratio of -0.02 and a beta of -0.99.

TruGolf (NASDAQ:TRUG) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.45) by ($0.32). TruGolf had a negative net margin of 93.14% and a negative return on equity of 3,808.94%. The company had revenue of $4.11 million for the quarter, compared to the consensus estimate of $6.39 million. Equities research analysts forecast that TruGolf Holdings, Inc. will post -0.25 earnings per share for the current fiscal year.

TruGolf Company Profile

TruGolf Holdings, Inc, through its subsidiary, engages in the development and sale of indoor golf simulator hardware under the TruGolf Nevada brand for residential and commercial markets in the United States. It also provides E6 Connect software for use on other companies' hardware. The company was founded in 1982 and is headquartered in Centerville, Utah.