Interactive Strength (NASDAQ:TRNR) Raised to Hold at Wall Street Zen

Interactive Strength (NASDAQ:TRNR) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Maxim Group upgraded shares of Interactive Strength to a “strong-buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, July 9th.

Interactive Strength Stock Performance

NASDAQ:TRNR opened at $4.21 on Friday. The company has a market capitalization of $6.40 million, a PE ratio of 0.00 and a beta of 0.15. The company has a quick ratio of 0.39, a current ratio of 0.54 and a debt-to-equity ratio of 0.14. Interactive Strength has a 52-week low of $3.74 and a 52-week high of $797.70. The stock has a fifty day simple moving average of $6.43 and a 200-day simple moving average of $10.23.

Interactive Strength (NASDAQ:TRNR) last released its quarterly earnings results on Monday, May 19th. The company reported ($17.40) earnings per share (EPS) for the quarter. The firm had revenue of $1.40 million for the quarter. Interactive Strength had a negative return on equity of 445.35% and a negative net margin of 469.69%.

Institutional Trading of Interactive Strength

A hedge fund recently bought a new stake in Interactive Strength stock. Connective Capital Management LLC purchased a new stake in Interactive Strength Inc. (NASDAQ:TRNR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,395 shares of the company’s stock, valued at approximately $32,000. Connective Capital Management LLC owned about 1.81% of Interactive Strength at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.64% of the company’s stock.

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.