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The latest announcement is out from TruGolf Holdings ( (TRUG) ).
On May 30, 2025, TruGolf Holdings held a special meeting where stockholders approved several proposals, including increasing the number of authorized Class A Common Stock shares from 90 million to 650 million. This amendment was filed on June 2, 2025. The company also received a temporary exception from Nasdaq to regain compliance with listing requirements, with a hearing held on May 15, 2025, and a temporary exception granted until July 2025. The company’s listing will be transferred to the Nasdaq Capital Market effective June 3, 2025, as part of efforts to address compliance issues.
The most recent analyst rating on (TRUG) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on TruGolf Holdings stock, see the TRUG Stock Forecast page.
Spark’s Take on TRUG Stock
According to Spark, TipRanks’ AI Analyst, TRUG is a Underperform.
TruGolf Holdings’ financial instability, high leverage, negative profitability, and potential Nasdaq delisting are major concerns. Technical indicators suggest continued bearish momentum, and the negative P/E ratio indicates valuation issues. These factors heavily influence the low overall score.
To see Spark’s full report on TRUG stock, click here.
More about TruGolf Holdings
TruGolf Holdings, Inc. operates in the golf industry, focusing on providing golf simulation technology and related services. The company is involved in developing and marketing advanced golf simulation systems, catering to both individual consumers and commercial clients, including golf courses and entertainment venues.
Average Trading Volume: 3,643,548
Technical Sentiment Signal: Sell
Current Market Cap: $9.58M
See more data about TRUG stock on TipRanks’ Stock Analysis page.