TruGolf (NASDAQ:TRUG) Stock Price Down 5.3% – Should You Sell?

TruGolf Holdings, Inc. (NASDAQ:TRUG)’s share price dropped 5.3% on Wednesday . The stock traded as low as $0.6810 and last traded at $0.6919. Approximately 250,005 shares changed hands during trading, an increase of 8% from the average daily volume of 231,683 shares. The stock had previously closed at $0.7310.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TruGolf in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, TruGolf currently has a consensus rating of “Hold”.

TruGolf Stock Down 5.3%

The firm has a market cap of $1.79 million, a price-to-earnings ratio of -0.01 and a beta of -0.95. The stock’s 50 day moving average is $0.94 and its 200 day moving average is $2.60. The company has a quick ratio of 1.10, a current ratio of 1.28 and a debt-to-equity ratio of 0.24.

TruGolf (NASDAQ:TRUG) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $4.11 million for the quarter, compared to the consensus estimate of $6.39 million. Analysts forecast that TruGolf Holdings, Inc. will post -0.25 EPS for the current year.

TruGolf Company Profile

TruGolf, Inc is a technology company specializing in golf simulation and indoor entertainment solutions. The company designs and manufactures advanced golf simulator hardware that captures swing data and ball flight metrics, allowing users to experience realistic play on virtual renditions of world-renowned golf courses. TruGolf’s integrated systems combine high-speed cameras, infrared sensors and proprietary software to deliver real-time feedback for both recreational and instructional purposes.

In addition to its hardware offerings, TruGolf develops immersive simulation software that features detailed 3D course graphics, customizable practice modes and multiplayer functionality.