Interactive Strength (NASDAQ:TRNR) Announces Quarterly Earnings Results

Interactive Strength (NASDAQ:TRNR) released its quarterly earnings results on Friday. The company reported ($17.37) EPS for the quarter, topping analysts’ consensus estimates of ($19.67) by $2.30, FiscalAI reports. The business had revenue of $6.65 million during the quarter, compared to analysts’ expectations of $8.00 million. Interactive Strength had a negative net margin of 183.89% and a negative return on equity of 260.54%.

Interactive Strength Trading Down 10.3%

Shares of Interactive Strength stock traded down $0.41 during trading on Friday, reaching $3.57. The company’s stock had a trading volume of 179,676 shares, compared to its average volume of 153,070. The company has a quick ratio of 0.26, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. Interactive Strength has a 52-week low of $2.37 and a 52-week high of $315.00. The firm’s 50-day moving average is $3.67 and its two-hundred day moving average is $9.93. The company has a market cap of $1.18 million, a price-to-earnings ratio of -0.01 and a beta of 0.44.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Interactive Strength from a “sell (e+)” rating to a “sell (e)” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.50.

Interactive Strength Company Profile

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. It also provides video on-demand classes, and personal training and expert health coaching services. The company sells its products through retail stores, as well as online.