TruGolf (NASDAQ:TRUG) Posts Quarterly Earnings Results, Misses Estimates By $0.32 EPS

TruGolf (NASDAQ:TRUG) issued its earnings results on Thursday. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.32), Zacks reports. The company had revenue of $4.11 million for the quarter, compared to analyst estimates of $6.39 million.

TruGolf Stock Performance

TRUG traded down $0.23 on Friday, reaching $1.67. The company had a trading volume of 1,252,129 shares, compared to its average volume of 342,617. TruGolf has a fifty-two week low of $1.37 and a fifty-two week high of $55.00. The stock has a market cap of $2.20 million, a P/E ratio of -0.03 and a beta of -1.01. The company’s fifty day moving average is $2.45 and its 200 day moving average is $5.92. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.01 and a current ratio of 1.16.

Analyst Ratings Changes

TRUG has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of TruGolf in a research report on Wednesday, October 8th. Zacks Research upgraded shares of TruGolf to a “hold” rating in a research note on Monday, September 29th. Finally, Singular Research raised TruGolf to a “moderate buy” rating in a research report on Thursday, September 25th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $100.00.

About TruGolf

TruGolf Holdings, Inc, through its subsidiary, engages in the development and sale of indoor golf simulator hardware under the TruGolf Nevada brand for residential and commercial markets in the United States. It also provides E6 Connect software for use on other companies' hardware. The company was founded in 1982 and is headquartered in Centerville, Utah.