Interactive Strength (NASDAQ:TRNR) Announces Quarterly Earnings Results, Beats Estimates By $2.30 EPS

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

Interactive Strength Price Performance

Shares of TRNR traded down $0.41 during trading hours on Friday, hitting $3.57. The stock had a trading volume of 179,676 shares, compared to its average volume of 20,748. The company’s fifty day moving average is $3.64 and its two-hundred day moving average is $9.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.26. Interactive Strength has a 52 week low of $2.37 and a 52 week high of $315.00. The stock has a market capitalization of $1.18 million, a price-to-earnings ratio of -0.01 and a beta of 0.44.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Interactive Strength from a “sell (e+)” rating to a “sell (e)” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.