TruGolf (NASDAQ:TRUG) Stock Rating Upgraded by Wall Street Zen

TruGolf (NASDAQ:TRUG) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

TruGolf Price Performance

Shares of TruGolf stock opened at $1.60 on Friday. TruGolf has a twelve month low of $1.36 and a twelve month high of $122.50. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 0.51. The company has a 50-day simple moving average of $2.58 and a two-hundred day simple moving average of $6.50. The stock has a market capitalization of $1.78 million, a price-to-earnings ratio of -0.01 and a beta of -1.13.

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

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.