The stock price of Interactive Strength Inc (NASDAQ: TRNR) has dropped by -6.78 compared to previous close of 0.24. Despite this, the company has seen a fall of -17.53% in its stock price over the last five trading days. GlobeNewsWire reported 2023-10-17 that Interactive Strength recently signed agreement to acquire CLMBR, creating a high-growth, B2B focused, connected fitness platform
Is It Worth Investing in Interactive Strength Inc (NASDAQ: TRNR) Right Now?
Additionally, the 36-month beta value for TRNR is -1.04. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for TRNR is 3.75M and currently, short sellers hold a 3.11% ratio of that float. The average trading volume of TRNR on April 10, 2024 was 721.86K shares.
TRNR’s Market Performance
TRNR’s stock has seen a -17.53% decrease for the week, with a -39.84% drop in the past month and a -69.59% fall in the past quarter. The volatility ratio for the week is 10.97%, and the volatility levels for the past 30 days are at 14.98% for Interactive Strength Inc . The simple moving average for the past 20 days is -25.44% for TRNR’s stock, with a -81.28% simple moving average for the past 200 days.
TRNR Trading at -55.17% from the 50-Day Moving Average
After a stumble in the market that brought TRNR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -97.38% of loss for the given period.
Volatility was left at 14.98%, however, over the last 30 days, the volatility rate increased by 10.97%, as shares sank -34.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -69.44% lower at present.
During the last 5 trading sessions, TRNR fell by -18.49%, which changed the moving average for the period of 200-days by -93.64% in comparison to the 20-day moving average, which settled at $0.2928. In addition, Interactive Strength Inc saw -74.12% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TRNR starting from Wickens Bradley James, who purchase 5,000 shares at the price of $5.22 back on Jun 01 ’23. After this action, Wickens Bradley James now owns 1,704,891 shares of Interactive Strength Inc, valued at $26,080 using the latest closing price.
Wickens Bradley James, the 10% Owner of Interactive Strength Inc, purchase 20,000 shares at $5.71 during a trade that took place back on May 22 ’23, which means that Wickens Bradley James is holding 1,699,891 shares at $114,216 based on the most recent closing price.
Stock Fundamentals for TRNR
Current profitability levels for the company are sitting at:
- -56.63 for the present operating margin
- -1.38 for the gross margin
The net margin for Interactive Strength Inc stands at -53.4. The total capital return value is set at 11.51.
Based on Interactive Strength Inc (TRNR), the company’s capital structure generated -1.55 points at debt to capital in total, while cash flow to debt ratio is standing at -4.57. The debt to equity ratio resting at -0.61. The interest coverage ratio of the stock is 34.31.
Currently, EBITDA for the company is -54.48 million with net debt to EBITDA at -0.06. When we switch over and look at the enterprise to sales, we see a ratio of 6.82. The receivables turnover for the company is 962.0for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.25.
Conclusion
In conclusion, Interactive Strength Inc (TRNR) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
