TruGolf (NASDAQ:TRUG) Now Covered by Maxim Group

Investment analysts at Maxim Group began coverage on shares of TruGolf (NASDAQ:TRUG) in a research note issued on Thursday,Benzinga reports. The brokerage set a “buy” rating and a $2.00 price target on the stock. Maxim Group’s price target points to a potential upside of 436.34% from the stock’s current price.

TruGolf Stock Performance

NASDAQ:TRUG opened at $0.37 on Thursday. The company has a 50-day moving average of $0.58 and a 200-day moving average of $0.92. TruGolf has a 52 week low of $0.35 and a 52 week high of $11.82. The company has a market capitalization of $4.43 million, a price-to-earnings ratio of -0.89 and a beta of -0.75.

Institutional Trading of TruGolf

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) during the 3rd quarter, according to its most recent disclosure 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 comprises about 0.0% of Clear Street Derivatives LLC’s holdings, making the stock its 25th biggest holding. Clear Street Derivatives LLC owned approximately 0.23% of TruGolf as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 3.24% of the company’s stock.

TruGolf Company Profile

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.