TruGolf (NASDAQ:TRUG) Upgraded to Hold at Wall Street Zen

TruGolf (NASDAQ:TRUG) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TruGolf in a research note on Wednesday, June 24th. One 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.com, the stock has an average rating of “Hold”.

TruGolf Price Performance

TRUG opened at $1.33 on Friday. The stock has a 50-day moving average price of $1.67 and a 200-day moving average price of $5.00. TruGolf has a 12-month low of $1.22 and a 12-month high of $85.00. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.48 million, a P/E ratio of -0.01 and a beta of -1.10.

TruGolf (NASDAQ:TRUG) last announced 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 firm had revenue of $5.02 million for 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%.

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.