Interactive Strength (TRNR) Projected to Post Quarterly Earnings on Friday

Interactive Strength (NASDAQ:TRNR) is projected to announce its results before the market opens on Friday, August 14th. Analysts expect Interactive Strength to post earnings of ($19.67) per share and revenue of $8.00 million for the quarter.

Interactive Strength (NASDAQ:TRNR) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($10.24) EPS for the quarter, beating analysts’ consensus estimates of ($218.75) by $208.51. Interactive Strength had a negative net margin of 183.89% and a negative return on equity of 260.54%. The business had revenue of $5.14 million during the quarter, compared to analyst estimates of $4.64 million.

Interactive Strength Stock Performance

TRNR opened at $3.75 on Thursday. Interactive Strength has a 1-year low of $2.37 and a 1-year high of $323.39. The company has a market cap of $1.25 million, a price-to-earnings ratio of -0.01 and a beta of 0.44. The company’s fifty day moving average price is $3.71 and its two-hundred day moving average price is $10.21. The company has a current ratio of 0.39, a quick ratio of 0.26 and a debt-to-equity ratio of 0.80.

Analysts Set New Price Targets

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 issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.