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

Interactive Strength (NASDAQ:TRNRGet Free Report) posted its 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 business had revenue of $6.65 million for the quarter, compared to analyst estimates of $8.00 million.

Interactive Strength Stock Down 10.3%

NASDAQ:TRNR traded down $0.41 on Friday, reaching $3.57. 179,676 shares of the stock traded hands, compared to its average volume of 153,070. The company has a market capitalization of $1.18 million, a price-to-earnings ratio of -0.01 and a beta of 0.44. The company has a current ratio of 0.39, a quick ratio of 0.26 and a debt-to-equity ratio of 0.80. Interactive Strength has a 12 month low of $2.37 and a 12 month high of $315.00. The company’s fifty day simple moving average is $3.67 and its 200 day simple moving average is $9.93.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Interactive Strength from a “sell (e+)” rating to a “sell (e)” rating in a 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $157.50.

Read Our Latest Stock Report on Interactive Strength

About Interactive Strength

(Get Free Report)

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.

Recommended Stories

Earnings History for Interactive Strength (NASDAQ:TRNR)

Receive News & Ratings for Interactive Strength Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Strength and related companies with MarketBeat.com's FREE daily email newsletter.