TruGolf (NASDAQ:TRUG) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of TruGolf (NASDAQ:TRUG) to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other research firms also recently commented on TRUG. Wall Street Zen downgraded shares of TruGolf from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th. Singular Research upgraded shares of TruGolf to a “moderate buy” rating in a research note on Thursday, September 25th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, TruGolf presently has a consensus rating of “Moderate Buy” and an average target price of $100.00.

TruGolf Price Performance

TRUG stock opened at $2.45 on Monday. The stock has a 50-day moving average price of $4.15 and a two-hundred day moving average price of $9.26. The stock has a market cap of $3.23 million, a PE ratio of -0.05 and a beta of -0.93. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 0.38. TruGolf has a 1 year low of $2.38 and a 1 year high of $55.00.

TruGolf (NASDAQ:TRUG) last released its earnings results on Tuesday, August 19th. The company reported ($19.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.50) by ($17.19). The business had revenue of $4.31 million during the quarter, compared to analysts’ expectations of $4.28 million. Equities analysts forecast that TruGolf will post -0.25 EPS for the current fiscal year.

TruGolf Company Profile

TruGolf Holdings, Inc, through its subsidiary, engages in the development and sale of indoor golf simulator hardware under the TruGolf Nevada brand for residential and commercial markets in the United States. It also provides E6 Connect software for use on other companies' hardware. The company was founded in 1982 and is headquartered in Centerville, Utah.