The stock of TruGolf Holdings Inc (NASDAQ: TRUG) has decreased by -10.29 when compared to last closing price of 0.48.Despite this, the company has seen a loss of -11.34% in its stock price over the last five trading days. globenewswire.com reported 2024-11-15 that Salt Lake City, Utah, Nov. 15, 2024 (GLOBE NEWSWIRE) — TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading golf technology company, announced today its results for the third quarter of 2024. The Company reported strong third quarter sales of $6,236,795, an increase of 82 percent as compared to the third quarter of 2023. EPS for the third quarter of 2024 was $0.00. EBITDA for the third quarter of 2024 was $1.1 million, inclusive of $148,000 of franchising expenses and zero franchising revenues recognized. The gains were driven by enthusiastic market adoption of new hardware and software products launched earlier this year.
Is It Worth Investing in TruGolf Holdings Inc (NASDAQ: TRUG) Right Now?
Moreover, the 36-month beta value for TRUG is -0.75. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 1 as “sell.”
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The public float for TRUG is 5.20M and currently, short sellers hold a 0.67% of that float. On November 20, 2024, TRUG’s average trading volume was 125.25K shares.
TRUG’s Market Performance
TRUG’s stock has seen a -11.34% decrease for the week, with a -46.72% drop in the past month and a -69.06% fall in the past quarter. The volatility ratio for the week is 25.85%, and the volatility levels for the past 30 days are at 18.84% for TruGolf Holdings Inc. The simple moving average for the past 20 days is -25.03% for TRUG’s stock, with a -63.85% simple moving average for the past 200 days.
TRUG Trading at -47.12% from the 50-Day Moving Average
After a stumble in the market that brought TRUG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -96.36% of loss for the given period.
Volatility was left at 18.84%, however, over the last 30 days, the volatility rate increased by 25.85%, as shares sank -41.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -63.56% lower at present.
During the last 5 trading sessions, TRUG fell by -11.34%, which changed the moving average for the period of 200-days by -72.08% in comparison to the 20-day moving average, which settled at $0.5735. In addition, TruGolf Holdings Inc saw -96.31% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TRUG
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.59 for the gross margin
The net margin for TruGolf Holdings Inc stands at -0.15. The total capital return value is set at -1.44. Equity return is now at value -1.00, with -0.90 for asset returns.
Based on TruGolf Holdings Inc (TRUG), the company’s capital structure generated -8.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at -0.9. The interest coverage ratio of the stock is -0.71.
Currently, EBITDA for the company is -8.6 million with net debt to EBITDA at -3.21. When we switch over and look at the enterprise to sales, we see a ratio of 0.34. The receivables turnover for the company is 4.83for trailing twelve months and the total asset turnover is 1.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
To wrap up, the performance of TruGolf Holdings Inc (TRUG) has been bad in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
