In the past week, TRNR stock has gone up by 18.78%, with a monthly decline of -27.53% and a quarterly plunge of -91.41%. The volatility ratio for the week is 19.93%, and the volatility levels for the last 30 days are 19.68% for Interactive Strength Inc The simple moving average for the past 20 days is 13.90% for TRNR’s stock, with a -96.38% simple moving average for the past 200 days.
Is It Worth Investing in Interactive Strength Inc (NASDAQ: TRNR) Right Now?
Additionally, the 36-month beta value for TRNR is -0.61. There are mixed opinions on the stock, with 1 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 3.84M and currently, short sellers hold a 1.71% ratio of that float. The average trading volume of TRNR on August 26, 2024 was 2.98M shares.
TRNR) stock’s latest price update
Interactive Strength Inc (NASDAQ: TRNR)’s stock price has gone rise by 13.90 in comparison to its previous close of 0.54, however, the company has experienced a 18.78% increase 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.
TRNR Trading at -51.25% 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 -99.14% of loss for the given period.
Volatility was left at 19.68%, however, over the last 30 days, the volatility rate increased by 19.93%, as shares sank -13.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -85.68% lower at present.
During the last 5 trading sessions, TRNR rose by +18.78%, which changed the moving average for the period of 200-days by -98.61% in comparison to the 20-day moving average, which settled at $0.5355. In addition, Interactive Strength Inc saw -98.21% 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 13.64. 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
In conclusion, Interactive Strength Inc (TRNR) has seen bad performance in recent times. Analysts have a bullish 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.
