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

TruGolf (NASDAQ:TRUG) was upgraded by analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TruGolf in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, TruGolf presently has an average rating of “Hold”.

TruGolf Stock Performance

NASDAQ:TRUG opened at $0.46 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.74. The firm has a market cap of $888,960.00, a PE ratio of -0.04 and a beta of -1.07. The firm has a 50 day simple moving average of $1.10 and a 200-day simple moving average of $3.05. TruGolf has a 1-year low of $0.45 and a 1-year high of $43.40.

TruGolf (NASDAQ:TRUG) last announced its earnings results on Friday, August 14th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.96) by $1.59. The firm had revenue of $5.79 million for the quarter, compared to analyst estimates of $3.90 million. TruGolf had a negative net margin of 55.27% and a negative return on equity of 132.15%.

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.