It is Poised to be a Bull Market for Interactive Strength Inc (TRNR)

With 5.1 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.2 million shares. During the session, the Personal Services company that operates in wider Consumer Cyclical sector, reached to the highest price of $3.62 whereas the lowest price it dropped to was $2.94. The 52-week range on TRNR shows that it touched its highest point at $4760.00 and its lowest point at $2.50 during that stretch. It currently has a 1-year price target of $6000.00. Beta for the stock currently stands at -0.90.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TRNR was up-trending over the past week, with a rise of 15.85%, but this was down by -36.24% over a month. Three-month performance dropped to -89.78% while six-month performance fell -99.04%. The stock lost -99.91% in the past year, while it has lost -99.90% so far this year.

Float and Shares Shorts:

At present, 0.04 million TRNR shares are outstanding with a float of 0.62 million shares on hand for trading. On 2024-10-31, short shares totaled 8045.0, which was 468.99999999999994 higher than short shares on 1727654400. In addition to Mr. Trent A. Ward as the firm’s Co-Founder, Chairperson, CEO & Secretary, Mr. Michael J. Madigan CPA serves as its Chief Financial Officer.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, TRNR reported revenue of $2014000.0 and operating income of -$7754000.0. The EBITDA in the recently reported quarter was -$6109000.0 and diluted EPS was -$153.0.

Analysts Ratings:

In the same way, a target price assigned to a stock can also reveal much about its potential.

Analysts have provided yearly estimates in a range of -$560 being high and -$560 being low. For TRNR, this leads to a yearly average estimate of -$560. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.