Interactive Strength (NASDAQ:TRNR) Issues Earnings Results

Interactive Strength (NASDAQ:TRNR) released its quarterly earnings data on Monday. The company reported ($10.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($31.25) by $21.01, Zacks reports. Interactive Strength had a negative net margin of 207.57% and a negative return on equity of 187.13%. The firm had revenue of $5.14 million for the quarter, compared to analysts’ expectations of $4.64 million.

Interactive Strength Stock Up 4.0%

Interactive Strength stock opened at $1.05 on Thursday. Interactive Strength has a 1-year low of $0.75 and a 1-year high of $126.00. The business has a fifty day moving average price of $1.19 and a 200-day moving average price of $8.51. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.47 and a quick ratio of 0.35. The stock has a market capitalization of $2.16 million, a price-to-earnings ratio of -0.00 and a beta of 0.50.

Analysts Set New Price Targets

A number of research firms recently commented on TRNR. Weiss Ratings cut shares of Interactive Strength from a “sell (e+)” rating to a “sell (e)” rating in a research note on Monday. Maxim Group set a $22.50 price objective on shares of Interactive Strength in a research note on Friday, January 23rd. Finally, Wall Street Zen upgraded Interactive Strength to a “hold” rating in a research report on Saturday, March 7th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Interactive Strength has an average rating of “Buy” and a consensus price target 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.