The stock price of Interactive Strength Inc (NASDAQ: TRNR) has surged by 1.10 when compared to previous closing price of 0.13, but the company has seen a -6.29% decline in its stock price over the last five trading sessions. accesswire.com reported 2024-10-10 that CLMBR is being featured in Chuze Fitness’s Fit Lab, its premium smaller group training concept located inside Chuze Fitness locations Chuze Fitness is expected to install multiple CLMBRs in each of four locations during the fourth quarter and there is potential for installations in 60 locations Chuze Fitness is growing quickly, having increased its locations from 44 to 60 in the past two years AUSTIN, TX / ACCESSWIRE / October 10, 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 Chuze Fitness has ordered multiple CLMBRs to install in four pilot locations out of the brand’s 60 total locations. Trent Ward, Co-Founder and CEO of TRNR, said: “Chuze is one of the fastest growing health club chains in the US, having grown from 44 locations to 60 locations over the past two years.
Is It Worth Investing in Interactive Strength Inc (NASDAQ: TRNR) Right Now?
TRNR has 36-month beta value of -0.54. Analysts have mixed views on the stock, with 1 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 4.27M, and currently, short sellers hold a 1.57% ratio of that float. The average trading volume of TRNR on October 21, 2024 was 4.77M shares.
TRNR’s Market Performance
TRNR’s stock has seen a -6.29% decrease for the week, with a -43.99% drop in the past month and a -81.23% fall in the past quarter. The volatility ratio for the week is 11.12%, and the volatility levels for the past 30 days are at 14.24% for Interactive Strength Inc The simple moving average for the last 20 days is -17.13% for TRNR stock, with a simple moving average of -98.58% for the last 200 days.
TRNR Trading at -60.34% 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 -99.76% of loss for the given period.
Volatility was left at 14.24%, however, over the last 30 days, the volatility rate increased by 11.12%, as shares sank -45.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -62.94% lower at present.
During the last 5 trading sessions, TRNR fell by -6.95%, which changed the moving average for the period of 200-days by -99.62% in comparison to the 20-day moving average, which settled at $0.1562. In addition, Interactive Strength Inc saw -99.62% 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 13.45. 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 put it simply, Interactive Strength Inc (TRNR) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
