Streetbeat News

TRNR

Interactive Strength Inc.

Industry

Personal Products & Services

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. Interactive Strength Inc. was incorporated in 2017 and is headquartered in Austin, Texas.

Open

3.02

Mkt cap

797K

Volume

533K

High

3.36

P/E Ratio

N/A

52-wk high

4760.00

Low

2.64

Div yield

N/A

52-wk low

2.64

Interactive Strength's shares rose after announcing that its product, CLMBR, met EU-wide compliance requirements, potentially expanding its market reach.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 12:14 pm

Interactive Strength has successfully passed EU compliance for its CLMBR product and will begin fulfilling orders in Europe and the UK immediately.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:08 am

Interactive Strength has been granted a European patent for its 'Interactive Exercise Machine System With Mirror Display And 3D Camera System'. This patent could enhance the company's competitive edge in the fitness technology market.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 7:58 pm

Interactive Strength Inc. (NASDAQ:TRNR) has secured exclusive distribution rights and received an initial order for its CLMBR fitness equipment in Switzerland and Austria.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:07 am

Consumer discretionary stocks are rising due to strong July New Home Sales data and positive economic outlook from Fed Chair Powell, hinting at future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:49 pm

Interactive Strength Inc (NASDAQ:TRNR) shares surged by 75% to $0.60 after the company received a letter from the Nasdaq Hearings Panel granting its request for continued listing on the Nasdaq Stock Market. The company had been non-compliant with Nasdaq’s minimum equity requirement but successfully appealed a delisting notice. TRNR has until November 14 to meet the requirement. CEO Trent Ward is optimistic about regaining compliance by reporting third-quarter earnings and noted that the company would have met the equity rule for the quarter ending June 30, 2024, following a recent equity offering.

Portfolio Pulse from Henry Khederian

August 12, 2024 | 7:13 pm

U.S. stocks traded mixed with the S&P 500 edging higher. Starbucks shares gained 2% due to activist investor interest. Greenlane Holdings surged 218% on a new distribution deal, while Revance Therapeutics rose 86% after a merger agreement. B. Riley Financial and Neuronetics saw significant declines following poor financial results.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 6:33 pm

U.S. stocks traded mixed with the Nasdaq Composite gaining 0.2%. KE Holdings reported strong Q2 results and increased its repurchase authorization. Greenlane Holdings surged 220% on a new distribution deal. Revance Therapeutics rose 86% after a merger agreement. B. Riley Financial shares plunged 56% on preliminary Q2 results. Neuronetics fell 55% on poor Q2 results and weak Q3 guidance. iLearningEngines dropped 40% ahead of its Q2 earnings report.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 4:00 pm

U.S. stocks traded lower with the Dow Jones falling 150 points. Monday.com reported better-than-expected earnings, while Greenlane Holdings, Revance Therapeutics, and Interactive Strength saw significant stock price increases. B. Riley Financial, Neuronetics, and iLearningEngines experienced sharp declines.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 1:49 pm

Interactive Strength shares are trading higher after the company received a letter stating that the Nasdaq Hearings Panel granted its request for continued listing on the Nasdaq Stock Market.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:21 am

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