TruGolf (NASDAQ:TRUG) Releases Quarterly Earnings Results

TruGolf (NASDAQ:TRUG) posted its earnings results on Friday. The company reported ($0.37) earnings per share (EPS) for the quarter, FiscalAI reports. TruGolf had a negative return on equity of 181.14% and a negative net margin of 75.06%.The company had revenue of $5.79 million for the quarter.

TruGolf Price Performance

NASDAQ:TRUG traded up $0.10 on Friday, hitting $0.97. The company had a trading volume of 412,888 shares, compared to its average volume of 232,330. The firm has a 50 day moving average of $1.24 and a two-hundred day moving average of $3.51. The stock has a market capitalization of $1.08 million, a price-to-earnings ratio of -0.00 and a beta of -1.07. TruGolf has a 52 week low of $0.79 and a 52 week high of $46.50. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 0.51.

Analyst Upgrades and Downgrades

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