The 36-month beta value for TRNR is at -0.61. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The average trading volume for TRNR on November 18, 2024 was 129.79K shares.
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TRNR) stock’s latest price update
The stock of Interactive Strength Inc (NASDAQ: TRNR) has decreased by -20.06 when compared to last closing price of 3.49.Despite this, the company has seen a loss of -53.81% in its stock price over the last five trading days. accesswire.com reported 2024-11-14 that Net Loss and Earnings per Diluted Share of $7.1 million and $1.53 Adjusted EBITDA was a $2.3 million loss, a $1.0 million improvement versus third quarter of 2023 The Company achieved third quarter revenue guidance of $2.0 million, a growth of 325% versus second quarter of 2024 The Company expects to generate $2.4 million in revenue in the fourth quarter of 2024 Stockholders’ Equity was $5.8 million at the end of the third quarter of 2024 AUSTIN, TX / ACCESSWIRE / November 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 third quarter of 2024. The Company incurred a net loss of $7.1 million for the third quarter of 2024, or a loss of $1.53 per diluted share, as compared with a net loss of $10.4 million, or a loss of $29.35 per diluted share for the same period in 2023.
TRNR’s Market Performance
Interactive Strength Inc (TRNR) has seen a -53.81% fall in stock performance for the week, with a -76.59% decline in the past month and a -94.00% plunge in the past quarter. The volatility ratio for the week is 43.14%, and the volatility levels for the past 30 days are at 26.77% for TRNR. The simple moving average for the past 20 days is -70.36% for TRNR’s stock, with a -99.55% simple moving average for the past 200 days.
TRNR Trading at -82.89% 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 -99.94% of loss for the given period.
Volatility was left at 26.77%, however, over the last 30 days, the volatility rate increased by 43.14%, as shares sank -78.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -93.31% lower at present.
During the last 5 trading sessions, TRNR fell by -53.81%, which changed the moving average for the period of 200-days by -99.90% in comparison to the 20-day moving average, which settled at $9.41. In addition, Interactive Strength Inc saw -99.92% 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:
- -11.42 for the present operating margin
- -0.95 for the gross margin
The net margin for Interactive Strength Inc stands at -12.76. The total capital return value is set at -3.24. Equity return is now at value -1470.61, with -144.85 for asset returns.
Based on Interactive Strength Inc (TRNR), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at -1.22. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is -11.03.
Currently, EBITDA for the company is -43.26 million with net debt to EBITDA at -0.11. When we switch over and look at the enterprise to sales, we see a ratio of 1.36. The receivables turnover for the company is 6.13for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.39.
Conclusion
In conclusion, Interactive Strength Inc (TRNR) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
