Interactive Strength (NASDAQ:TRNR) Shares Scheduled to Reverse Split on Tuesday, June 30th

Interactive Strength Inc. (NASDAQ:TRNR) shares are scheduled to reverse split on the morning of Tuesday, June 30th. The 1-7 reverse split was announced on Friday, June 26th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, June 29th.

Interactive Strength Price Performance

TRNR stock traded up $0.05 during mid-day trading on Friday, hitting $0.58. 467,609 shares of the stock were exchanged, compared to its average volume of 1,022,814. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.26. The business has a fifty day moving average price of $0.86 and a 200 day moving average price of $4.37. Interactive Strength has a 12 month low of $0.44 and a 12 month high of $82.00. The stock has a market capitalization of $1.36 million, a price-to-earnings ratio of -0.01 and a beta of 0.50.

Interactive Strength (NASDAQ:TRNR) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($10.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($31.25) by $21.01. The firm had revenue of $5.14 million during the quarter, compared to analysts’ expectations of $4.64 million. Interactive Strength had a negative return on equity of 260.54% and a negative net margin of 183.89%.

Analyst Ratings Changes

Several analysts have issued reports on TRNR shares. Wall Street Zen upgraded shares of Interactive Strength to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings downgraded Interactive Strength from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Interactive Strength presently has an average rating of “Buy” and a consensus target price of $22.50.

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.