Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An announcement from Interactive Strength Inc ( (TRNR) ) is now available.
Interactive Strength Inc. announced that on January 28, 2025, it entered into a securities purchase agreement with an accredited investor, involving the sale of Class A Incremental Warrants. These warrants allow the purchase of senior secured convertible notes and common stock warrants, with various exercises occurring throughout 2025. The maturity date for the notes is August 26, 2028, and they are convertible into common stock at a specified conversion price. The warrants are exercisable until August 26, 2032, with restrictions on the percentage of common stock ownership. The transactions were conducted under exemptions from registration requirements of the Securities Act.
The most recent analyst rating on (TRNR) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Interactive Strength Inc stock, see the TRNR Stock Forecast page.
Spark’s Take on TRNR Stock
According to Spark, TipRanks’ AI Analyst, TRNR is a Neutral.
The overall stock score is primarily influenced by the company’s precarious financial health, characterized by significant operating losses and high leverage. Technical indicators suggest a bearish trend, further weighing on the score. Valuation metrics are unattractive due to negative earnings and lack of dividends. While recent corporate events show strategic efforts to stabilize finances and pursue growth, these are not enough to offset the current financial and technical challenges.
To see Spark’s full report on TRNR stock, click here.
More about Interactive Strength Inc
Average Trading Volume: 428,304
Technical Sentiment Signal: Sell
Current Market Cap: $6.11M
For an in-depth examination of TRNR stock, go to TipRanks’ Overview page.