Interactive Strength (NASDAQ:TRNR) Releases Earnings Results, Beats Expectations By $2.30 EPS

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

Interactive Strength Price Performance

TRNR stock opened at $3.57 on Friday. The stock has a 50-day moving average price of $3.64 and a two-hundred day moving average price of $9.88. The stock has a market cap of $1.19 million, a PE ratio of -0.01 and a beta of 0.44. The company has a current ratio of 0.39, a quick ratio of 0.26 and a debt-to-equity ratio of 0.80. Interactive Strength has a 1 year low of $2.37 and a 1 year high of $315.00.

Analyst Ratings Changes

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

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. 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.