TruGolf (NASDAQ:TRUG) Trading 3.1% Higher – Here’s Why

TruGolf Holdings, Inc. (NASDAQ:TRUG)’s stock price traded up 3.1% during trading on Thursday . The company traded as high as $0.8025 and last traded at $0.79. 59,859 shares were traded during mid-day trading, a decline of 96% from the average session volume of 1,456,847 shares. The stock had previously closed at $0.7662.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TruGolf in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

TruGolf Trading Up 3.1%

The firm has a market cap of $2.05 million, a PE ratio of -0.01 and a beta of -0.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.28 and a quick ratio of 1.10. The business has a 50-day moving average price of $0.81 and a two-hundred day moving average price of $2.06.

About TruGolf

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.