TruGolf’s (TRUG) Sell (E+) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (e+) rating on shares of TruGolf (NASDAQ:TRUG) in a research report report published on Wednesday morning,Weiss Ratings reports.

A number of other equities research analysts have also recently issued reports on TRUG. Zacks Research upgraded TruGolf to a “hold” rating in a research note on Monday, September 29th. Singular Research upgraded TruGolf to a “moderate buy” rating in a research note on Thursday, September 25th. Finally, Wall Street Zen cut TruGolf from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $100.00.

TruGolf Trading Down 7.9%

NASDAQ TRUG opened at $2.23 on Wednesday. The stock has a market capitalization of $2.94 million, a price-to-earnings ratio of -0.05 and a beta of -1.02. The stock’s 50 day moving average price is $3.62 and its two-hundred day moving average price is $8.36. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.01 and a current ratio of 1.16. TruGolf has a 52 week low of $2.11 and a 52 week high of $55.00.

TruGolf (NASDAQ:TRUG) last released its earnings results on Tuesday, August 19th. The company reported ($19.69) EPS for the quarter, missing the consensus estimate of ($2.50) by ($17.19). The business had revenue of $4.31 million during the quarter, compared to analysts’ expectations of $4.28 million. As a group, analysts anticipate that TruGolf will post -0.25 earnings per share for the current fiscal year.

About TruGolf

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.