TruGolf (NASDAQ:TRUG) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of TruGolf (NASDAQ:TRUG – Free Report) to a hold rating in a report issued on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TruGolf in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, TruGolf presently has a consensus rating of “Hold”.

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TruGolf Trading Down 22.9%

TRUG opened at $0.46 on Friday. The stock’s fifty day moving average is $1.10 and its two-hundred day moving average is $3.08. The company has a market capitalization of $888,960.00, a P/E ratio of -0.04 and a beta of -1.07. TruGolf has a 52 week low of $0.45 and a 52 week high of $43.40. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 0.62.

TruGolf (NASDAQ:TRUG – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($1.96) by $1.59. TruGolf had a negative return on equity of 132.15% and a negative net margin of 55.27%.The business had revenue of $5.79 million during the quarter, compared to analysts’ expectations of $3.90 million.

About TruGolf

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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.

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