Interactive Strength (NASDAQ:TRNR) Announces Quarterly Earnings Results

Interactive Strength (NASDAQ:TRNRGet Free Report) posted its quarterly earnings results on Tuesday. The company reported ($36.17) earnings per share for the quarter, missing the consensus estimate of ($30.30) by ($5.87), FiscalAI reports. The firm had revenue of $4.14 million during the quarter, compared to analysts’ expectations of $4.50 million. Interactive Strength had a negative net margin of 202.03% and a negative return on equity of 152.27%.

Interactive Strength Trading Up 5.4%

Shares of TRNR traded up $0.07 during trading on Tuesday, reaching $1.37. 234,154 shares of the company traded hands, compared to its average volume of 276,798. Interactive Strength has a twelve month low of $1.16 and a twelve month high of $126.99. The stock has a market cap of $719,250.00, a PE ratio of -0.01 and a beta of 0.55. The stock has a 50-day simple moving average of $2.97 and a 200-day simple moving average of $15.96. The company has a quick ratio of 0.40, a current ratio of 0.56 and a debt-to-equity ratio of 2.29.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Maxim Group set a $22.50 price objective on Interactive Strength in a report on Friday, January 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Interactive Strength in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded Interactive Strength to a “hold” rating in a research report on Saturday, March 7th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $22.50.

Get Our Latest Stock Analysis on Interactive Strength

Interactive Strength Company Profile

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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.

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Earnings History for Interactive Strength (NASDAQ:TRNR)

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