Interactive Strength (NASDAQ:TRNR) Releases Quarterly Earnings Results, Beats Expectations By $208.51 EPS

Interactive Strength (NASDAQ:TRNR) posted its earnings results on Wednesday, May 20th. The company reported ($10.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($218.75) by $208.51, Zacks reports. 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 for the quarter, compared to analyst estimates of $4.64 million.

Interactive Strength Price Performance

TRNR traded up $0.65 during midday trading on Tuesday, hitting $4.71. 249,585 shares of the company traded hands, compared to its average volume of 146,298. The business has a 50 day simple moving average of $0.84 and a two-hundred day simple moving average of $4.09. Interactive Strength has a 52-week low of $3.08 and a 52-week high of $574.00. The company has a market capitalization of $10.97 million, a price-to-earnings ratio of -0.08 and a beta of 0.50. The company has a current ratio of 0.39, a quick ratio of 0.26 and a debt-to-equity ratio of 0.80.

Analyst Upgrades and Downgrades

TRNR has been the subject of a number of analyst reports. Weiss Ratings cut Interactive Strength from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, June 18th. Wall Street Zen upgraded Interactive Strength to a “hold” rating in a research report on Saturday, March 7th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “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.