TruGolf (NASDAQ:TRUG) Releases Earnings Results, Beats Estimates By $19.23 EPS

TruGolf (NASDAQ:TRUG) announced its earnings results on Friday, August 14th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($19.60) by $19.23, Zacks reports. TruGolf had a negative return on equity of 132.15% and a negative net margin of 55.27%.The business had revenue of $5.79 million during the quarter, compared to analyst estimates of $3.90 million.

TruGolf Stock Performance

TruGolf stock traded up $0.30 during trading on Tuesday, reaching $2.96. The company had a trading volume of 1,243,443 shares, compared to its average volume of 633,199. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 0.62. TruGolf has a 52 week low of $2.50 and a 52 week high of $282.00. The firm’s 50-day simple moving average is $0.74 and its 200 day simple moving average is $1.93. The firm has a market capitalization of $5.68 million, a price-to-earnings ratio of -0.27 and a beta of -1.12.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TRUG. Wall Street Zen upgraded shares of TruGolf to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TruGolf in a report on Monday, September 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, TruGolf currently has an average rating of “Sell”.

TruGolf Company Profile

TruGolf Holdings, Inc develops and sells golf simulation technology for recreational, commercial and professional use. Its offerings combine golf simulation software with launch-monitor and tracking hardware, projection systems, screens, enclosures and related accessories designed to recreate on-course play in indoor settings.

The company’s product portfolio includes the E6 CONNECT golf simulation platform, which provides virtual courses, practice features and multiplayer experiences, as well as integrated simulator systems such as the Vista and Apex product lines.