Brokers Issue Forecasts for TruGolf FY2024 Earnings

TruGolf Holdings, Inc. (NASDAQ:TRUG) – Equities researchers 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 expects that the company will post earnings of ($0.25) per share for the year. Singular Research 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 started coverage on TruGolf in a report on Thursday, December 19th. They set a “buy” rating and a $2.00 price target for the company.

TruGolf Price Performance

Shares of TRUG opened at $0.47 on Wednesday. The company has a market cap of $5.58 million, a PE ratio of -1.12 and a beta of -0.85. The firm has a 50-day moving average of $0.54 and a 200-day moving average of $0.82. TruGolf has a one year low of $0.35 and a one year high of $8.39.

Institutional Investors Weigh In On 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) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf accounts for about 0.0% of Clear Street Derivatives LLC’s investment portfolio, making the stock its 25th biggest position. Clear Street Derivatives LLC owned approximately 0.23% of TruGolf as of its most recent SEC filing. 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.