TruGolf (NASDAQ:TRUG) Earns Buy Rating from Analysts at Maxim Group

Analysts at Maxim Group assumed coverage on shares of TruGolf (NASDAQ:TRUG) in a research note issued on Thursday,Benzinga reports. The firm set a “buy” rating and a $2.00 price target on the stock. Maxim Group’s price target would indicate a potential upside of 365.12% from the company’s previous close.

TruGolf Price Performance

Shares of NASDAQ:TRUG opened at $0.43 on Thursday. The firm’s 50 day simple moving average is $0.56 and its 200 day simple moving average is $0.92. TruGolf has a fifty-two week low of $0.35 and a fifty-two week high of $11.82. The company has a market capitalization of $5.11 million, a price-to-earnings ratio of -1.02 and a beta of -0.75.

Hedge Funds Weigh In On TruGolf

A hedge fund recently bought a new stake in TruGolf stock. Clear Street Derivatives LLC bought a new position in shares of TruGolf Holdings, Inc. (NASDAQ:TRUG) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 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 position. Clear Street Derivatives LLC owned approximately 0.23% of TruGolf as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 3.24% of the company’s stock.

TruGolf Company Profile

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.