TruGolf Holdings Inc (NASDAQ:TRUG) does about 4.52M shares in volume on a normal day but saw 9792220 shares change hands in the recent trading day. The company now has a market cap of 17.74M USD. Its current market price is $0.78, marking an increase of 7.40% compared to the previous close of $0.72. The 52 week high reached by this stock is $11.82 whilst the lowest price level in 52 weeks is $0.35.
TruGolf Holdings Inc (TRUG) has a 20-day trading average at $0.4967 and the current price is -93.43% off the 52-week high compared with 121.59% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5499 and its 200-day simple moving average is $1.0595. If we look at the stock’s price movements over the week, volatility stands at 28.85%, which decreases to 25.09% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 65.18 to suggest the stock is neutral.
The consensus objective for the share price is $2.50, suggesting that the stock has a potential upside of 68.8% over the period.
The current price level is 56.22%, 41.11%, and -26.75% away from its SMA20, SMA50, and SMA200 respectively, with the TRUG price moving below the 50-day SMA on current market day. TruGolf Holdings Inc (TRUG) stock is up 65.11% over the week and 40.83% over the past month. Its price is -93.34% year-to-date and -93.26% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. Expected sales for next quarter are $6.5M, which analysts say will come at $22.4M for the current fiscal year and next year at $31.06M. In addition, estimates put the company’s current quarterly revenue at an average of $7.3M.
To reach the target analysts have set, the stock logically needs to grow 68.8 percent from here.
Outstanding shares total 11.88M with insiders holding 66.39% of the shares and institutional holders owning 2.47% of the company’s common stock. The company has a return on investment of -522.65% and return on equity of -1.00%. The beta has a value of -0.78.
