TruGolf Holdings Inc (NASDAQ:TRUG) price on Wednesday, January 15, rose 6.22% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.60.
A look at the stock’s price movement, the close in the last trading session was $0.56, moving within a range at $0.5784 and $0.64. The beta value (5-Year monthly) was -0.676. Turning to its 52-week performance, $10.00 and $0.35 were the 52-week high and 52-week low respectively. Overall, TRUG moved 15.44% over the past month.
TruGolf Holdings Inc’s market cap currently stands at around $17.37 million, with investors looking forward to this quarter’s earnings report slated for in February.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TRUG is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
TRUG’s current price about 2.87% and 13.00% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.64, while 7-day volatility ratio is 15.14% and 24.41% in the 30-day chart. Further, TruGolf Holdings Inc (TRUG) has a beta value of -0.83, and an average true range (ATR) of 0.14.
If we refocus on TruGolf Holdings Inc (NASDAQ:TRUG), historical trading data shows that trading volumes averaged 4.47 over the past 10 days and 5.47 million over the past 3 months. The company’s latest data on shares outstanding shows there are 11.88 million shares.
The 41.25% of TruGolf Holdings Inc’s shares are in the hands of company insiders while institutional holders own 2.28% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 34860.0 on 2024-10-31, giving us a short ratio of 0.91. The data shows that as of 2024-10-31 short interest in TruGolf Holdings Inc (TRUG) stood at 75.0 of shares outstanding, with shares short falling to 54403.0 registered in 2024-09-30. Current price change has pushed the stock -10.78% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TRUG stock continues to rise going into the next quarter.
