TruGolf (NASDAQ:TRUG) Announces Quarterly Earnings Results

TruGolf (NASDAQ:TRUG) issued its earnings results on Wednesday. The company reported $999.00 EPS for the quarter, Zacks reports. TruGolf had a negative return on equity of 3,808.94% and a negative net margin of 93.14%.

TruGolf Stock Performance

Shares of NASDAQ TRUG traded down $0.38 during trading hours on Wednesday, hitting $3.22. 113,525 shares of the company’s stock were exchanged, compared to its average volume of 103,570. TruGolf has a 1-year low of $3.12 and a 1-year high of $210.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.28 and a quick ratio of 1.10. The stock has a market capitalization of $1.64 million, a price-to-earnings ratio of -0.01 and a beta of -0.80. The company’s 50-day moving average price is $6.40 and its 200-day moving average price is $11.38.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TruGolf in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, 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.