TruGolf (NASDAQ:TRUG) Shares Up 0.8% – Here’s What Happened

Shares of TruGolf Holdings, Inc. (NASDAQ:TRUG) were up 0.8% during mid-day trading on Monday . The company traded as high as $1.22 and last traded at $1.22. Approximately 73,856 shares were traded during mid-day trading, a decline of 92% from the average session volume of 950,664 shares. The stock had previously closed at $1.21.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TRUG shares. Wall Street Zen upgraded TruGolf from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TruGolf in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, TruGolf has an average rating of “Hold”.

TruGolf Stock Performance

The firm has a market cap of $1.30 million, a P/E ratio of -0.01 and a beta of -1.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.92 and a quick ratio of 0.83. The stock has a 50 day moving average of $1.40 and a 200 day moving average of $4.16.

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

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.