Interactive Strength Inc (NASDAQ:TRNR) shares, rose in value, with the stock price up by 7.31% to the previous day’s close as strong demand from buyers drove the stock to $3.23.
Actively observing the price movement in the recent trading, the stock is buoying the session at $3.01, falling within a range of $2.94 and $3.345. Referring to stock’s 52-week performance, its high was $4760.00, and the low was $2.50. On the whole, TRNR has fluctuated by -37.40% over the past month.
With the market capitalization of Interactive Strength Inc currently standing at about $2.92 million, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TRNR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of TRNR currently trading nearly 2.67% and -60.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.40, while the 7-day volatility ratio is showing 11.14% which for the 30-day chart, stands at 22.59%. Furthermore, Interactive Strength Inc (TRNR)’s beta value is -0.90, and its average true range (ATR) is 0.98.
A comparison of Interactive Strength Inc (TRNR) with its peers suggests the former has fared considerably weaker in the market. TRNR showed an intraday change of 7.31% in today’s session so far, and over the past year, it shrunk by -99.92%%.
Data on historical trading for Interactive Strength Inc (NASDAQ:TRNR) indicates that the trading volumes over the past 10 days have averaged 3.09 and over the past 3 months, they’ve averaged 1.20 million. According to company’s latest data on outstanding shares, there are 0.04 million shares outstanding.
Nearly 3.80% of Interactive Strength Inc’s shares belong to company insiders and institutional investors own 0.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8045.0 shares as on 2024-10-31, resulting in a short ratio of 0.08. According to the data, the short interest in Interactive Strength Inc (TRNR) stood at 469.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 670.0. The stock has fallen by -99.91% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TRNR stock heading into the next quarter.
