TruGolf (NASDAQ:TRUG) Issues Quarterly Earnings Results

TruGolf (NASDAQ:TRUG) posted its earnings results on Friday. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($1.96) by $1.59, FiscalAI reports. TruGolf had a negative net margin of 75.06% and a negative return on equity of 181.14%. The company had revenue of $5.79 million during the quarter, compared to the consensus estimate of $3.90 million.

TruGolf Stock Performance

TRUG stock traded up $0.10 on Friday, reaching $0.97. 412,888 shares of the company were exchanged, compared to its average volume of 872,466. TruGolf has a 12 month low of $0.79 and a 12 month high of $46.50. The stock’s fifty day moving average price is $1.23 and its 200 day moving average price is $3.49. The firm has a market capitalization of $1.08 million, a PE ratio of -0.00 and a beta of -1.07. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.92 and a quick ratio of 0.83.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TRUG shares. Weiss Ratings restated a “sell (e+)” rating on shares of TruGolf in a report on Wednesday, June 24th. Wall Street Zen raised TruGolf from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

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.