Singular Research Weighs in on 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 assumed coverage on TruGolf in a report on Thursday, December 19th. They set a “buy” rating and a $2.00 price objective for the company.

TruGolf Trading Down 10.4 %

TRUG opened at $0.47 on Wednesday. The stock has a market capitalization of $5.58 million, a P/E ratio of -1.12 and a beta of -0.85. TruGolf has a 12 month low of $0.35 and a 12 month high of $8.39. The firm’s fifty day simple moving average is $0.54 and its 200 day simple moving average is $0.82.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TruGolf stock. Clear Street Derivatives LLC acquired a new position in shares of TruGolf Holdings, Inc. (NASDAQ:TRUG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf comprises 0.0% of Clear Street Derivatives LLC’s holdings, making the stock its 25th largest position. Clear Street Derivatives LLC owned about 0.23% of TruGolf at the end of the most recent quarter. Institutional investors and hedge funds own 3.24% of the company’s stock.

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.