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

In Wednesday's pre-market session, several consumer discretionary stocks experienced significant movements. Purple Innovation (PRPL) saw a 16.4% increase, Allurion Technologies (ALUR) rose by 12.98%, and Dogness (DOGZ) went up by 10.5%. TAL Education (TAL) increased by 10.28%, Interactive Strength (TRNR) by 9.02%, and Chijet Motor Co (CJET) by 8.47%. On the downside, Phoenix Motor (PEV) dropped by 7.8%, SRIVARU Holding (SVMH) by 6.59%, U Power (UCAR) by 4.6%, Tilly's (TLYS) by 3.45%, Solid Power (SLDP) by 3.36%, and Cenntro Electric Gr (CENN) by 3.21%.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 1:06 pm

In Thursday's pre-market session, several consumer discretionary stocks showed significant movement. M.D.C. Holdings (MDC) saw an 18% increase, while Dogness (DOGZ), Mondee Hldgs (MOND), Phoenix Motor (PEV), Hamilton Beach Brands (HBB), and Lazydays Hldgs (GORV) also experienced gains. Conversely, Birkenstock Holding (BIRK) dropped by 11.8% after Q4 earnings release, and Kaival Brands Innovations (KAVL), Cazoo Gr (CZOO), Interactive Strength (TRNR), Nova Lifestyle (NVFY), and MGO Global (MGOL) saw their stock prices fall.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 1:06 pm

During Friday's intraday session, several consumer discretionary stocks experienced significant movements. SRIVARU Holding (SVMH) saw a 43.3% increase, while Genius Gr (GNS) faced a 45.8% decrease. Other notable gainers included Volcon (VLCN), Flexsteel Industries (FLXS), QuantaSing Group (QSG), 17 Education & Technology (YQ), and Esports Entertainment (GMBL). Conversely, BT Brands (BTBD), Uxin (UXIN), E-Home Household Service (EJH), Cazoo Gr (CZOO), and Interactive Strength (TRNR) were among the losers.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 5:31 pm

Interactive Strength has filed a prospectus related to the potential resale of up to 12.5 million shares of common stock by a selling stockholder, as indicated in their S-1 filing.

Portfolio Pulse from Charles Gross

December 22, 2023 | 11:34 am

Interactive Strength (NASDAQ:TRNR) reported a significant improvement in its Q3 earnings, with a loss of $(0.73) per share compared to a loss of $(30.16) per share in the same quarter of the previous year, marking a 97.58% increase in earnings.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:43 am

During Monday's intraday session, several consumer discretionary stocks experienced significant movement. Gainers included a.k.a. Brands Holding (AKA), BTC Digital (BTCT), Farfetch (FTCH), ThredUp (TDUP), Canoo (GOEV), and ECARX Holdings (ECX). Losers included Harbor Custom Dev (HCDIP), Color Star Tech (ADD), Volcon (VLCN), Jiuzi Hldgs (JZXN), Zapp Electric Vehicles (ZAPP), and Interactive Strength (TRNR).

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 5:31 pm

During Friday's after-market session, several consumer discretionary stocks saw significant movement. Connexa Sports Techs (CNXA), Kidpik (PIK), Beachbody Co (BODY), MGO Global (MGOL), and Jerash Holdings (JRSH) all saw increases in their stock prices. On the other hand, Color Star Tech (ADD), Foresight Autonomous (FRSX), AYRO (AYRO), Interactive Strength (TRNR), Visionary Education Tech (GV), and Golden Sun Education Gr (GSUN) all experienced declines.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 9:31 pm

In Friday's pre-market session, several consumer discretionary stocks saw significant movement. Bowlero (BOWL), Wah Fu Education Group (WAFU), LiveWire Gr (LVWR), Phoenix Motor (PEV), Grove Collaborative Hldgs (GROV), and Charles & Colvard (CTHR) saw increases, while Jowell Global (JWEL), Lazydays Hldgs (LAZY), Zapp Electric Vehicles (ZAPP), Harbor Custom Dev (HCDI), Newegg Commerce (NEGG), and Interactive Strength (TRNR) experienced decreases.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 1:06 pm

Interactive Strength, Inc. d/b/a FORME (NASDAQ:TRNR) has announced a strategic partnership with healthcare payment provider Truemed. The collaboration allows U.S. customers to use funds from their HSA and FSA programs to purchase FORME's personal training and smart home gyms, resulting in average after-tax savings between 30% and 40%. This partnership is expected to enhance FORME's B2C positioning and complement its B2B initiative of acquiring CLMBR.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:34 pm

Interactive Strength, Inc. d/b/a FORME (NASDAQ:TRNR) has announced a definitive agreement to acquire CLMBR, Inc., a maker of connected vertical climbers. The deal, valued at $16.9M, is expected to close in Q4 2023. The combined business is projected to generate over $20M in revenue in 2024, potentially becoming cashflow positive and adjusted EBITDA profitable by Q4 2024. The business will be primarily driven by B2B revenue, supported by the acquired sales and distribution partnership with WOODWAY. CLMBR shareholders will receive TRNR common equity with a lock-up until October 2024.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 1:06 pm

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