TruGolf Holdings Faces Nasdaq Delisting Hearing Notice

TruGolf Holdings ( (TRUG) ) has provided an announcement.

TruGolf Holdings, Inc. is facing challenges with its Nasdaq listing due to non-compliance with the minimum Market Value of Publicly Held Shares and bid price requirements. On May 7, 2025, the company received a notice from Nasdaq indicating continued non-compliance, leading to a scheduled hearing on May 15, 2025, where TruGolf plans to present a compliance plan to avoid delisting.

Spark’s Take on TRUG Stock

According to Spark, TipRanks’ AI Analyst, TRUG is a Neutral.

TruGolf Holdings faces significant financial challenges, with negative profitability and cash flow issues being major concerns. The technical analysis indicates a bearish trend, although there is room for short-term improvement. Valuation is unattractive due to negative earnings and a lack of dividends. However, the recent positive corporate event, suggesting record sales and improved EBITDA, offers a glimmer of hope for future performance. Overall, the stock score reflects the current risks balanced with potential growth opportunities.

To see Spark’s full report on TRUG stock, click here.

More about TruGolf Holdings

Average Trading Volume: 2,230,077

Technical Sentiment Signal: Sell

Current Market Cap: $10.94M

Find detailed analytics on TRUG stock on TipRanks’ Stock Analysis page.