TruGolf (NASDAQ:TRUG) Issues Quarterly Earnings Results, Misses Expectations By $1.26 EPS

TruGolf (NASDAQ:TRUG) released its quarterly earnings results on Wednesday. The company reported ($2.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.49) by ($1.26), FiscalAI reports. TruGolf had a negative return on equity of 352.92% and a negative net margin of 80.67%.The firm had revenue of $5.02 million for the quarter, compared to analysts’ expectations of $4.50 million.

TruGolf Stock Down 3.0%

Shares of TRUG traded down $0.05 during trading on Wednesday, reaching $1.47. The company’s stock had a trading volume of 52,330 shares, compared to its average volume of 122,877. The company has a fifty day moving average of $3.77 and a two-hundred day moving average of $7.95. TruGolf has a twelve month low of $1.40 and a twelve month high of $210.00. The company has a market cap of $2.04 million, a price-to-earnings ratio of 0.00 and a beta of -1.10. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 0.30.

Analyst Ratings Changes

TRUG has been the topic of several analyst reports. Wall Street Zen raised shares of TruGolf to a “hold” rating in a research note 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 given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.