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

Interactive Strength (NASDAQ:TRNR) announced its quarterly earnings results on Friday. The company reported ($17.37) EPS for the quarter, topping analysts’ consensus estimates of ($19.67) by $2.30, FiscalAI reports. The firm had revenue of $6.65 million during the quarter, compared to analyst estimates of $8.00 million. Interactive Strength had a negative net margin of 183.89% and a negative return on equity of 260.54%.

Interactive Strength Stock Performance

NASDAQ:TRNR traded down $0.41 on Friday, hitting $3.57. The stock had a trading volume of 179,676 shares, compared to its average volume of 153,070. The company has a quick ratio of 0.26, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. The stock has a market cap of $1.18 million, a price-to-earnings ratio of -0.01 and a beta of 0.44. The business’s 50-day simple moving average is $3.67 and its two-hundred day simple moving average is $9.93. Interactive Strength has a 52-week low of $2.37 and a 52-week high of $315.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Interactive Strength from a “sell (e+)” rating to a “sell (e)” rating in a research report on Tuesday, July 28th. One 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 presently has an average rating of “Moderate Buy” and a consensus target price of $157.50.

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.