Interactive Strength (NASDAQ:TRNR) Shares Down 7.5% – What’s Next?

Interactive Strength Inc. (NASDAQ:TRNR)’s share price traded down 7.5% during trading on Thursday. The company traded as low as $2.10 and last traded at $2.10. Approximately 6,031 shares changed hands during trading, a decline of 83% from the average daily volume of 35,924 shares. The stock had previously closed at $2.27.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Interactive Strength from a “sell (e+)” rating to a “sell (e)” rating in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $157.50.

Interactive Strength Price Performance

The company has a market cap of $3.39 million, a PE ratio of -0.01 and a beta of 0.48. The company has a 50-day moving average price of $2.92 and a two-hundred day moving average price of $4.82.

Interactive Strength (NASDAQ:TRNR) last released its quarterly earnings results on Friday, August 14th. The company reported ($17.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($19.67) by $2.30. Interactive Strength had a negative net margin of 159.24% and a negative return on equity of 469.40%. The business had revenue of $6.65 million during the quarter, compared to analyst estimates of $8.00 million.

Interactive Strength Company Profile

Interactive Strength Inc (NASDAQ:TRNR) is a fitness technology company that develops and sells connected exercise equipment and related digital services. Its product portfolio is centered on FORME, a smart home-gym platform designed to support strength training and guided workouts, and CLMBR, a connected vertical climbing machine.

The company combines its equipment with digital fitness content, instruction and training features intended to provide interactive workout experiences. Its offerings are marketed to consumers as well as commercial customers, including fitness facilities, hospitality businesses, corporate wellness programs and other institutional users.

Interactive Strength was formed through the combination of the businesses behind FORME and CLMBR and became a publicly traded company in 2023.