TruGolf (NASDAQ:TRUG) Downgraded by Wall Street Zen to “Sell”

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

TruGolf Stock Performance

NASDAQ TRUG opened at $1.52 on Monday. TruGolf has a one year low of $1.36 and a one year high of $112.00. The company’s 50 day moving average price is $2.28 and its 200 day moving average price is $6.08. 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 firm has a market capitalization of $1.69 million, a price-to-earnings ratio of -0.01 and a beta of -1.13.

TruGolf (NASDAQ:TRUG) last announced 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 net margin of 75.06% and a negative return on equity of 181.14%. The business had revenue of $5.02 million for 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.