Interactive Strength’s (TRNR) Sell (E) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (e) rating on shares of Interactive Strength (NASDAQ:TRNR) in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts also recently weighed in on TRNR. Maxim Group upgraded shares of Interactive Strength to a “strong-buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, July 9th. Wall Street Zen upgraded shares of Interactive Strength from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Interactive Strength has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Interactive Strength Trading Down 8.8%

Shares of TRNR stock opened at $3.12 on Wednesday. Interactive Strength has a 1 year low of $2.81 and a 1 year high of $201.00. The firm’s fifty day simple moving average is $3.73 and its 200 day simple moving average is $6.39. The firm has a market capitalization of $6.49 million, a P/E ratio of 0.00 and a beta of 0.21. The company has a current ratio of 0.67, a quick ratio of 0.56 and a debt-to-equity ratio of 2.77.

Interactive Strength (NASDAQ:TRNR) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($2.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($18.91) by $16.78. Interactive Strength had a negative net margin of 310.22% and a negative return on equity of 202.21%. The firm had revenue of $1.20 million for the quarter, compared to the consensus estimate of $1.36 million.

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.