Interactive Strength Inc (NASDAQ: TRNR)’s stock price has dropped by -9.12 in relation to previous closing price of 0.57. Nevertheless, the company has seen a gain of 49.28% in its stock price over the last five trading days. accesswire.com reported 2024-08-14 that Net Loss and Earnings per Diluted Share of $10.6 million and $17.48 Adjusted EBITDA was a $2.9 million loss, a $2.8 million improvement versus second quarter of 2023 The Company expects to generate between $2.0 million and $2.5 million in revenue in the third quarter of 2024 AUSTIN, TX / ACCESSWIRE / August 14, 2024 / Interactive Strength Inc. (Nasdaq:TRNR) (“TRNR” or the “Company”), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced its financial results for the second quarter of 2024. The Company incurred a net loss of $10.6 million for the second quarter of 2024, or a loss of $17.48 per diluted share, as compared with a net loss of $13.6 million, or a loss of $40.78 per diluted share for the same period in 2023.
Is It Worth Investing in Interactive Strength Inc (NASDAQ: TRNR) Right Now?
Moreover, the 36-month beta value for TRNR is -0.68. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for TRNR is 3.27M and currently, short sellers hold a 2.00% of that float. On August 19, 2024, TRNR’s average trading volume was 2.96M shares.
TRNR’s Market Performance
TRNR stock saw a decrease of 49.28% in the past week, with a monthly decline of -26.21% and a quarterly a decrease of -93.42%. The volatility ratio for the week is 31.23%, and the volatility levels for the last 30 days are 21.43% for Interactive Strength Inc (TRNR). The simple moving average for the past 20 days is -16.66% for TRNR’s stock, with a -97.13% simple moving average for the past 200 days.
TRNR Trading at -70.50% 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 -99.27% of loss for the given period.
Volatility was left at 21.43%, however, over the last 30 days, the volatility rate increased by 31.23%, as shares sank -44.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -91.17% lower at present.
During the last 5 trading sessions, TRNR rose by +49.28%, which changed the moving average for the period of 200-days by -98.79% in comparison to the 20-day moving average, which settled at $0.6006. In addition, Interactive Strength Inc saw -98.49% 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:
- -26.24 for the present operating margin
- -3.83 for the gross margin
The net margin for Interactive Strength Inc stands at -29.76. The total capital return value is set at -17.85. Equity return is now at value -1616.56, with -147.41 for asset returns.
Based on Interactive Strength Inc (TRNR), the company’s capital structure generated 0.98 points at debt to capital in total, while cash flow to debt ratio is standing at -0.53. The debt to equity ratio resting at 43.06. The interest coverage ratio of the stock is 8.48.
Currently, EBITDA for the company is -47.87 million with net debt to EBITDA at -0.55. When we switch over and look at the enterprise to sales, we see a ratio of 13.38. The receivables turnover for the company is 2.04for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.23.
Conclusion
To wrap up, the performance of Interactive Strength Inc (TRNR) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
