Analysts Issue Forecasts for TruGolf FY2024 Earnings

TruGolf Holdings, Inc. (NASDAQ:TRUG) – Research analysts at Singular Research issued their FY2024 earnings estimates for TruGolf in a research note issued to investors on Monday, January 27th. Singular Research analyst D. Marsh forecasts that the company will earn ($0.25) per share for the year. Singular Research currently has a “Moderate Buy” rating on the stock. Singular Research also issued estimates for TruGolf’s Q4 2024 earnings at ($0.02) EPS, Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.01) EPS, Q4 2025 earnings at $0.01 EPS and FY2025 earnings at ($0.10) EPS.

Separately, Maxim Group initiated coverage on TruGolf in a research report on Thursday, December 19th. They set a “buy” rating and a $2.00 price objective for the company.

TruGolf Trading Up 11.3 %

TRUG opened at $0.52 on Wednesday. The firm’s fifty day simple moving average is $0.54 and its 200 day simple moving average is $0.82. TruGolf has a 12 month low of $0.35 and a 12 month high of $8.39. The stock has a market capitalization of $6.21 million, a P/E ratio of -1.24 and a beta of -0.85.

Institutional Trading of TruGolf

A hedge fund recently bought a new stake in TruGolf stock. Clear Street Derivatives LLC acquired a new stake in TruGolf Holdings, Inc. (NASDAQ:TRUG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf makes up approximately 0.0% of Clear Street Derivatives LLC’s portfolio, making the stock its 25th largest holding. Clear Street Derivatives LLC owned 0.23% of TruGolf at the end of the most recent quarter. 3.24% of the stock is currently owned by hedge funds and other institutional investors.

About TruGolf

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.