Interactive Strength Inc.’s Lock-Up Period To End on October 25th (NASDAQ:TRNR)

Interactive Strength’s (NASDAQ:TRNR – Get Free Report) lock-up period is set to end on Wednesday, October 25th. Interactive Strength had issued 1,500,000 shares in its public offering on April 28th. The total size of the offering was $12,000,000 based on an initial share price of $8.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Interactive Strength Trading Up 2.9 %

Shares of TRNR stock opened at $1.08 on Wednesday. The company has a fifty day simple moving average of $1.33. Interactive Strength has a 1 year low of $1.00 and a 1 year high of $8.50.

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Interactive Strength (NASDAQ:TRNR – Get Free Report) last released its earnings results on Tuesday, August 15th. The company reported ($1.02) earnings per share (EPS) for the quarter. The company had revenue of $0.32 million during the quarter. Research analysts expect that Interactive Strength will post -3.12 EPS for the current year.

Institutional Trading of Interactive Strength

A hedge fund recently bought a new stake in Interactive Strength stock. Point72 Asset Management L.P. bought a new stake in Interactive Strength Inc. (NASDAQ:TRNR – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 37,500 shares of the company’s stock, valued at approximately $105,000. Point72 Asset Management L.P. owned about 0.26% of Interactive Strength as of its most recent filing with the Securities and Exchange Commission. 24.14% of the stock is owned by institutional investors.

Interactive Strength Company Profile

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Interactive Strength Inc, doing business as FORME, operates digital fitness platform that provides connected fitness hardware products and related accessories in the United States. It offers the Forme Studio, a fitness mirror with touchscreen display; and the Forme Studio Lift, a fitness mirror and cable-based digital resistance.

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