TruGolf (NASDAQ:TRUG) Announces Quarterly Earnings Results

TruGolf (NASDAQ:TRUG) announced its quarterly earnings data 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. TruGolf had a negative net margin of 75.67% and a negative return on equity of 158.76%. The company had revenue of $5.02 million during the quarter, compared to the consensus estimate of $4.50 million.

TruGolf Price Performance

Shares of TruGolf stock opened at $1.52 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.11 million, a PE ratio of 0.00 and a beta of -1.10. The business has a 50 day moving average of $3.55 and a 200 day moving average of $7.66. TruGolf has a 52 week low of $1.36 and a 52 week high of $210.00.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded TruGolf to a “hold” rating in a research report on Saturday, April 25th. One investment 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, TruGolf currently has a consensus rating of “Hold”.

TruGolf Company Profile

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.