Interactive Strength (NASDAQ:TRNR) Shares Down 6.9% – Should You Sell?

Interactive Strength Inc. (NASDAQ:TRNR)’s share price dropped 6.9% during mid-day trading on Wednesday . The company traded as low as $0.4321 and last traded at $0.45. Approximately 132,114 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 2,735,956 shares. The stock had previously closed at $0.4836.

Analyst Ratings Changes

TRNR has been the subject of a number of research reports. Aegis raised Interactive Strength to a “strong-buy” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Interactive Strength in a research report on Monday, December 29th. Finally, Maxim Group set a $2.25 price target on Interactive Strength in a report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $2.25.

Interactive Strength Price Performance

The company has a current ratio of 0.56, a quick ratio of 0.40 and a debt-to-equity ratio of 2.29. The business has a 50-day moving average price of $1.23 and a two-hundred day moving average price of $2.73. The firm has a market capitalization of $2.36 million, a price-to-earnings ratio of -0.02 and a beta of 0.30.

Interactive Strength (NASDAQ:TRNR) last released its quarterly earnings data on Friday, November 14th. The company reported ($3.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($4.90) by $1.79. Interactive Strength had a negative return on equity of 152.27% and a negative net margin of 202.03%.The business had revenue of $4.82 million during the quarter, compared to analyst estimates of $12.00 million.

About Interactive Strength

Interactive Strength Inc, doing business as FORME, operates digital fitness platform that provides connected fitness hardware products and related accessories in the United States. The company offers the Forme Studio, a fitness mirror with touchscreen display; and the Forme Studio Lift, a fitness mirror and cable-based digital resistance. It also provides video on-demand classes, and personal training and expert health coaching services. The company sells its products through retail stores, as well as online.