TruGolf (NASDAQ:TRUG – Get Free Report) released its quarterly earnings data on Friday. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.96) by $1.59, FiscalAI reports. The firm had revenue of $5.79 million during the quarter, compared to analyst estimates of $3.90 million. TruGolf had a negative return on equity of 181.14% and a negative net margin of 75.06%.
TruGolf Stock Up 11.2%
Shares of TRUG opened at $0.97 on Friday. The company has a market capitalization of $1.08 million, a P/E ratio of -0.00 and a beta of -1.07. TruGolf has a one year low of $0.79 and a one year high of $46.50. The business’s 50 day simple moving average is $1.23 and its 200-day simple moving average is $3.49. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.92 and a quick ratio of 0.83.
Analysts Set New Price Targets
Several equities research analysts have recently commented on TRUG shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TruGolf in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of TruGolf from a “sell” rating to a “hold” rating in a research report 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.
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.
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