TruGolf (NASDAQ:TRUG) Announces Earnings Results

TruGolf (NASDAQ:TRUG) announced its earnings results on Wednesday. The company reported $999.00 earnings per share (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 Down 16.5%

TRUG stock opened at $2.69 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.28 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $6.25 and a two-hundred day moving average price of $11.26. The company has a market cap of $1.37 million, a price-to-earnings ratio of -0.01 and a beta of -0.80. TruGolf has a twelve month low of $2.55 and a twelve month high of $210.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TruGolf in a research report on Wednesday, January 21st. 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 stock. According to MarketBeat.com, the stock presently has an average 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.