Wall Street Zen Downgrades TruGolf (NASDAQ:TRUG) to Sell

TruGolf (NASDAQ:TRUG) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

TruGolf Price Performance

Shares of NASDAQ:TRUG opened at $1.73 on Friday. The company has a market cap of $2.40 million, a price-to-earnings 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 firm has a 50 day simple moving average of $2.96 and a 200 day simple moving average of $7.02. TruGolf has a one year low of $1.36 and a one year high of $210.00.

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

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.