TruGolf (NASDAQ:TRUG) Trading Down 5.3% – Here’s What Happened

TruGolf Holdings, Inc. (NASDAQ:TRUG) shares dropped 5.3% during mid-day trading on Wednesday . The stock traded as low as $0.6810 and last traded at $0.6919. Approximately 250,005 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 231,683 shares. The stock had previously closed at $0.7310.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TruGolf in a research note on Wednesday, January 21st. One equities research 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’s stock. According to data from MarketBeat.com, TruGolf currently has an average rating of “Hold”.

TruGolf Price Performance

The stock has a 50-day moving average of $0.94 and a two-hundred day moving average of $2.60. The firm has a market cap of $1.79 million, a price-to-earnings ratio of -0.01 and a beta of -0.95. The company has a current ratio of 1.28, a quick ratio of 1.10 and a debt-to-equity ratio of 0.24.

TruGolf (NASDAQ:TRUG) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.32). TruGolf had a negative net margin of 93.14% and a negative return on equity of 3,808.94%. The firm had revenue of $4.11 million for the quarter, compared to analysts’ expectations of $6.39 million. On average, analysts anticipate that TruGolf Holdings, Inc. will post -0.25 EPS for the current year.

TruGolf Company Profile

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.