Interactive Strength (NASDAQ:TRNR) Trading 11.2% Higher – Time to Buy?

Shares of Interactive Strength Inc. (NASDAQ:TRNR) shot up 11.2% during trading on Thursday . The stock traded as high as $2.65 and last traded at $2.38. 16,434,357 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 16,715,436 shares. The stock had previously closed at $2.14.

Interactive Strength Trading Down 11.3 %

The stock has a market cap of $3.17 million, a P/E ratio of 0.00 and a beta of -1.49. The stock’s 50-day moving average is $2.15 and its two-hundred day moving average is $11.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.39 and a quick ratio of 0.21.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Interactive Strength stock. Connective Capital Management LLC purchased a new stake in shares of Interactive Strength Inc. (NASDAQ:TRNR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 quarter. 0.64% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Strength Company Profile

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.