TruGolf (NASDAQ:TRUG) Trading 0.8% Higher – Here’s What Happened

TruGolf Holdings, Inc. (NASDAQ:TRUG)’s stock price traded up 0.8% during trading on Monday . The stock traded as high as $1.22 and last traded at $1.22. Approximately 73,856 shares changed hands during trading, a decline of 92% from the average daily volume of 950,664 shares. The stock had previously closed at $1.21.

Wall Street Analyst Weigh In

TRUG has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of TruGolf from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TruGolf in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

TruGolf Price Performance

The firm has a market capitalization of $1.35 million, a PE ratio of -0.01 and a beta of -1.10. The business has a 50-day moving average of $1.41 and a 200 day moving average of $4.21. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 0.51.

TruGolf (NASDAQ:TRUG) last issued its quarterly earnings data on Wednesday, May 20th. The company reported ($2.75) earnings per share for the quarter, missing the consensus estimate of ($1.49) by ($1.26). TruGolf had a negative net margin of 75.06% and a negative return on equity of 181.14%. The company had revenue of $5.02 million for the quarter, compared to the consensus estimate of $4.50 million.

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.