Interactive Strength Inc (NASDAQ: TRNR)’s stock price has increased by 72.91 compared to its previous closing price of 0.35. However, the company has seen a 33.33% increase in its stock price over the last five trading sessions. accesswire.com reported 2024-08-12 that AUSTIN, TX / ACCESSWIRE / August 12, 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 the Company received a letter stating that the Nasdaq Hearings Panel has granted the Company’s request for continued listing on the Nasdaq Stock Market. As of March 31, 2024, the Company was not in compliance with Listing Rule 5550(b)(1) (the “Equity Rule”) which specifies a minimum stockholders’ equity of $2.5 million.
Is It Worth Investing in Interactive Strength Inc (NASDAQ: TRNR) Right Now?
Additionally, the 36-month beta value for TRNR is -0.20. 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 3.63M and currently, short sellers hold a 1.81% ratio of that float. The average trading volume of TRNR on August 12, 2024 was 1.39M shares.
TRNR’s Market Performance
TRNR stock saw a decrease of 33.33% in the past week, with a monthly decline of -32.13% and a quarterly a decrease of -90.62%. The volatility ratio for the week is 14.67%, and the volatility levels for the last 30 days are 18.34% for Interactive Strength Inc (TRNR). The simple moving average for the last 20 days is -8.94% for TRNR stock, with a simple moving average of -96.83% for the last 200 days.
TRNR Trading at -72.91% 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 -99.16% of loss for the given period.
Volatility was left at 18.34%, however, over the last 30 days, the volatility rate increased by 14.67%, as shares sank -34.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -91.96% lower at present.
During the last 5 trading sessions, TRNR rose by +32.18%, which changed the moving average for the period of 200-days by -98.54% in comparison to the 20-day moving average, which settled at $0.6432. In addition, Interactive Strength Inc saw -98.26% 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 19.44. 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 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.
