TruGolf (NASDAQ:TRUG) Posts Quarterly Earnings Results, Misses Estimates By $1.26 EPS

TruGolf (NASDAQ:TRUG) announced its quarterly earnings results on Wednesday. The company reported ($2.75) earnings per share for the quarter, missing the consensus estimate of ($1.49) by ($1.26), FiscalAI reports. The company had revenue of $5.02 million during the quarter, compared to analysts’ expectations of $4.50 million. TruGolf had a negative net margin of 80.67% and a negative return on equity of 352.92%.

TruGolf Price Performance

NASDAQ:TRUG traded down $0.05 during trading hours on Wednesday, hitting $1.47. 52,331 shares of the company’s stock traded hands, compared to its average volume of 122,877. The firm has a market cap of $2.04 million, a P/E ratio of 0.00 and a beta of -1.10. TruGolf has a 52 week low of $1.40 and a 52 week high of $210.00. The business’s fifty day simple moving average is $3.77 and its two-hundred day simple moving average is $7.95. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 0.30.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TRUG shares. Wall Street Zen upgraded TruGolf to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TruGolf in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.