TruGolf (NASDAQ:TRUG) Trading 3.1% Higher – Still a Buy?

TruGolf Holdings, Inc. (NASDAQ:TRUG)’s share price was up 3.1% during mid-day trading on Thursday . The stock traded as high as $0.8025 and last traded at $0.79. Approximately 59,859 shares traded hands during trading, a decline of 96% from the average daily volume of 1,456,847 shares. The stock had previously closed at $0.7662.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TruGolf in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, TruGolf presently has an average rating of “Hold”.

TruGolf Stock Up 3.1%

The firm has a market cap of $2.05 million, a price-to-earnings ratio of -0.01 and a beta of -0.95. The company has a quick ratio of 1.10, a current ratio of 1.28 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $0.81 and a 200-day moving average price of $2.06.

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.