Interactive Strength (NASDAQ:TRNR) Posts Quarterly Earnings Results, Beats Expectations By $1.79 EPS

Interactive Strength (NASDAQ:TRNR) announced its quarterly earnings data on Friday. The company reported ($3.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($4.90) by $1.79, Zacks reports. Interactive Strength had a negative net margin of 310.22% and a negative return on equity of 202.21%. The company had revenue of $4.82 million during the quarter, compared to analyst estimates of $12.00 million.

Interactive Strength Stock Performance

Shares of Interactive Strength stock traded down $0.16 on Friday, hitting $2.44. 2,815,905 shares of the company’s stock were exchanged, compared to its average volume of 57,607. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.56 and a current ratio of 0.67. The stock has a market capitalization of $5.08 million, a PE ratio of -0.07 and a beta of 0.21. Interactive Strength has a 1 year low of $2.11 and a 1 year high of $43.10. The company has a 50-day simple moving average of $3.10 and a 200-day simple moving average of $5.15.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TRNR shares. Weiss Ratings restated a “sell (e)” rating on shares of Interactive Strength in a research note on Tuesday. Wall Street Zen raised Interactive Strength from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Aegis raised shares of Interactive Strength to a “strong-buy” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $15.00.

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.