Interactive Strength (NASDAQ:TRNR) Issues Quarterly Earnings Results

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

Interactive Strength Trading Up 5.4%

TRNR stock traded up $0.07 during midday trading on Tuesday, hitting $1.37. 234,154 shares of the company’s stock were exchanged, compared to its average volume of 276,798. The stock’s fifty day moving average price is $2.97 and its 200-day moving average price is $15.96. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.40 and a current ratio of 0.56. The company has a market cap of $719,250.00, a PE ratio of -0.01 and a beta of 0.55. Interactive Strength has a one year low of $1.16 and a one year high of $126.99.

Wall Street Analysts Forecast Growth

TRNR has been the subject of a number of recent analyst reports. Maxim Group set a $22.50 price target on Interactive Strength in a research note 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 shares of Interactive Strength to a “hold” rating in a report on Saturday, March 7th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $22.50.

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.