TruGolf (TRUG) Projected to Post Quarterly Earnings on Thursday

TruGolf (NASDAQ:TRUG) is expected to be announcing its results before the market opens on Thursday, May 14th. Analysts expect the company to announce earnings of ($1.49) per share and revenue of $4.50 million for the quarter.

TruGolf Trading Down 9.2%

TruGolf stock opened at $1.67 on Wednesday. The company’s fifty day simple moving average is $4.35 and its 200-day simple moving average is $8.71. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 0.30. TruGolf has a 12 month low of $1.67 and a 12 month high of $210.00. The stock has a market cap of $2.32 million, a P/E ratio of 0.00 and a beta of -1.10.

Wall Street Analysts Forecast Growth

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