Interactive Strength Inc (NASDAQ: TRNR) has experienced a decline in its stock price by -3.83 compared to its previous closing price of 0.45. However, the company has seen a fall of -20.18% in its stock price over the last five trading days. accesswire.com reported 2024-09-05 that Domitner GmbH placed initial order that is expected to ship in the third quarter of 2024 Combined with the German distribution announced in July, there is strong coverage in central Europe Additional European distributors are expected to be secured in 2024 AUSTIN, TX / ACCESSWIRE / September 5, 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 it has secured exclusive distribution and an initial order for CLMBR in Switzerland and Austria. Trent Ward, Co-Founder and CEO of TRNR, said: “We continue to have success with top-tier distributors, and Domitner in Switzerland and Austria is no exception.
Is It Worth Investing in Interactive Strength Inc (NASDAQ: TRNR) Right Now?
The 36-month beta value for TRNR is also noteworthy at -0.89. 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 at present, short sellers hold a 8.08% of that float. The average trading volume of TRNR on September 05, 2024 was 3.00M shares.
TRNR’s Market Performance
The stock of Interactive Strength Inc (TRNR) has seen a -20.18% decrease in the past week, with a 2.52% rise in the past month, and a -92.65% fall in the past quarter. The volatility ratio for the week is 10.68%, and the volatility levels for the past 30 days are at 19.14% for TRNR. The simple moving average for the past 20 days is -15.77% for TRNR’s stock, with a -97.18% simple moving average for the past 200 days.
TRNR Trading at -45.70% 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 -99.39% of loss for the given period.
Volatility was left at 19.14%, however, over the last 30 days, the volatility rate increased by 10.68%, as shares sank -0.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -83.33% lower at present.
During the last 5 trading sessions, TRNR fell by -20.13%, which changed the moving average for the period of 200-days by -98.97% in comparison to the 20-day moving average, which settled at $0.5122. In addition, Interactive Strength Inc saw -98.75% 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 -30.22.
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 13.14. 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 summary, Interactive Strength Inc (TRNR) has had a bad performance as of late. Analysts have bullish 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.
