Interactive Strength Inc (NASDAQ: TRNR)’s stock price has dropped by -16.37 in relation to previous closing price of 0.85. Nevertheless, the company has seen a loss of -24.27% in its stock price over the last five trading days. accesswire.com reported 2024-07-25 that CLMBR is now an Approved Vendor Partner for Crunch Fitness franchisees, following a successful pilot at Crunch West Hollywood earlier this year CLMBR is exhibiting at the Annual Crunch Franchise Convention, from July 28 to August 1 in Phoenix, AZ There are more than 460 locations and 2.5 million members in the Crunch Fitness system AUSTIN, TX / ACCESSWIRE / July 25, 2024 / Interactive Strength Inc. (NASDAQ:TRNR) (“TRNR” or “the Company”), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced that CLMBR has earned Approved Vendor Partner status from Crunch Fitness and has been invited to exhibit CLMBR at the Crunch Franchise Convention, which starts on July 28 in Phoenix, AZ. Trent Ward, Co-Founder and CEO of TRNR, said: “Crunch Fitness is one of the fastest growing gym chains in the US and we are excited that CLMBR has earned the Approved Vendor Partner status, which is a key step that enables selling CLMBRs to the wider Crunch Fitness system.
Is It Worth Investing in Interactive Strength Inc (NASDAQ: TRNR) Right Now?
The 36-month beta value for TRNR is also noteworthy at -0.46. 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.”
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The public float for TRNR is 0.96M, and at present, short sellers hold a 14.92% of that float. The average trading volume of TRNR on July 29, 2024 was 1.35M shares.
TRNR’s Market Performance
TRNR’s stock has seen a -24.27% decrease for the week, with a -64.85% drop in the past month and a -91.37% fall in the past quarter. The volatility ratio for the week is 19.90%, and the volatility levels for the past 30 days are at 23.36% for Interactive Strength Inc The simple moving average for the last 20 days is -29.32% for TRNR’s stock, with a simple moving average of -96.67% for the last 200 days.
TRNR Trading at -81.29% 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 -99.38% of loss for the given period.
Volatility was left at 23.36%, however, over the last 30 days, the volatility rate increased by 19.90%, as shares sank -54.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -89.37% lower at present.
During the last 5 trading sessions, TRNR fell by -24.27%, which changed the moving average for the period of 200-days by -98.50% in comparison to the 20-day moving average, which settled at $0.9616. In addition, Interactive Strength Inc saw -97.94% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TRNR
Current profitability levels for the company are sitting at:
- -36.57 for the present operating margin
- -4.35 for the gross margin
The net margin for Interactive Strength Inc stands at -40.07. The total capital return value is set at -41.43. Equity return is now at value -11955.56, with -143.30 for asset returns.
Based on Interactive Strength Inc (TRNR), the company’s capital structure generated 1.18 points at debt to capital in total, while cash flow to debt ratio is standing at -0.69. The debt to equity ratio resting at -6.7. The interest coverage ratio of the stock is 209.37.
Currently, EBITDA for the company is -47.87 million with net debt to EBITDA at -0.56. When we switch over and look at the enterprise to sales, we see a ratio of 18.3. The receivables turnover for the company is 1.64for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.23.
Conclusion
In summary, Interactive Strength Inc (TRNR) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
