Interactive Strength (NASDAQ:TRNR) Shares Down 8.4% – Should You Sell?

Shares of Interactive Strength Inc. (NASDAQ:TRNR) traded down 8.4% during mid-day trading on Wednesday . The stock traded as low as $2.34 and last traded at $2.41. 113,013 shares traded hands during mid-day trading, an increase of 64% from the average session volume of 68,894 shares. The stock had previously closed at $2.63.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Interactive Strength in a research note on Wednesday, October 8th. Wall Street Zen raised Interactive Strength from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Maxim Group upgraded Interactive Strength to a “strong-buy” rating and set a $15.00 price target on the stock in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Interactive Strength presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Interactive Strength Stock Performance

The company has a debt-to-equity ratio of 2.77, a current ratio of 0.67 and a quick ratio of 0.56. The firm has a fifty day simple moving average of $3.40 and a 200 day simple moving average of $5.64. The company has a market cap of $5.01 million, a price-to-earnings ratio of -0.07 and a beta of 0.21.

Interactive Strength (NASDAQ:TRNR) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($2.13) EPS for the quarter, beating the consensus estimate of ($18.91) by $16.78. Interactive Strength had a negative return on equity of 202.21% and a negative net margin of 310.22%.The company had revenue of $1.20 million for the quarter, compared to the consensus estimate of $1.36 million.

About Interactive Strength

Interactive Strength Inc, doing business as FORME, operates digital fitness platform that provides connected fitness hardware products and related accessories in the United States. The company offers the Forme Studio, a fitness mirror with touchscreen display; and the Forme Studio Lift, a fitness mirror and cable-based digital resistance.