TruGolf (NASDAQ:TRUG) Trading Up 0.8% – Here’s What Happened

TruGolf Holdings, Inc. (NASDAQ:TRUG)’s stock price rose 0.8% during trading on Monday . The stock traded as high as $1.22 and last traded at $1.22. 73,856 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 950,664 shares. The stock had previously closed at $1.21.

Analyst Upgrades and Downgrades

TRUG has been the topic of a number of research analyst reports. Wall Street Zen upgraded TruGolf from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TruGolf in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

TruGolf Stock Up 0.8%

The company has a market capitalization of $1.35 million, a P/E ratio of -0.01 and a beta of -1.10. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.83 and a current ratio of 0.92. The stock has a 50 day moving average price of $1.41 and a 200 day moving average price of $4.21.

TruGolf (NASDAQ:TRUG) last issued its quarterly earnings results on Wednesday, May 20th. The company reported ($2.75) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $5.02 million during the quarter, compared to analysts’ expectations 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.