Sources: Company Presentation.
-----
And as I mentioned above, TRNR has several potential catalysts to focus on right now. Check them out:
No. 1 TRNR Potential Catalyst - A Low Float Creates Strong Potential For Explosive Volatility
According to the Yahoo Finance website, TRNR has a low float.
The website reports this profile to have approximately 6.07Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
Could more 2023 positive company news help provide a near term spark?
-----
No. 2 TRNR Potential Catalyst - Interactive Strength Inc. Receives $12 Analyst Target & Bullish Rating
In recent news from Benzinga, Aegis Capital Corporation has expressed a positive outlook on TRNR, following its impressive performance in Q1 2023 and successful IPO at $8 per share.
Aegis Capital Corporation has now set a target of $12.00 for TRNR, indicating a significant upside potential of 474% from its opening price of $2.09 on 8/2/23.
-----
No. 3 TRNR Potential Catalyst - European Expansion Launched With Strategic Partnership
Interactive Strength Inc. d/b/a FORME Launches European Expansion Plan by Focusing on Strategic Partnership With SIGNA Sports United
AUSTIN, TX, May 24, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Interactive Strength Inc. d/b/a FORME (“FORME” or “the Company” or Nasdaq: TRNR), maker of premium smart home gyms and provider of virtual personal training services, has launched its European expansion strategy by focusing on strategic partnership with SIGNA Sports United, a specialist sports e-commerce company with businesses in bike, tennis, outdoor, and team sports. SSU has more than 80 online sites and partners with 500 shops serving over 6 million customers worldwide.
“SIGNA Sports United has the largest reach of any specialist sports e-commerce company and they have a strategy to continue to acquire segment leaders,” said Trent Ward, co-founder and CEO of FORME. “We are hoping to serve new customers across Europe in the most cost-effective manner, which means working with a partner that has a strong commercial positioning, and ideally fulfillment and logistics capabilities. Scale is a priority for us in any strategic partnership.”
...
Read the full article here.
-----
No. 4 TRNR Potential Catalyst - A New Partnership Spreads Company's Training Tech To Hotels Across Portugal, Spain, And Italy
Interactive Strength Inc. and Aethos Partner to Bring Cutting Edge FORME Training Technology Into Hotels
AUSTIN, TX and ZUG, Switzerland, May 22, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Aethos, a leading lifestyle brand for community-centric hotels and member clubs in Europe, is excited to announce its brand partnership with Interactive Strength Inc. d/b/a FORME (Nasdaq: TRNR), a digital fitness service that combines award-wi.nning smart home gyms with 1:1 personal training. As part of the partnership, Aethos will be the first hotel brand in Portugal, Spain and Italy to feature FORME’s revolutionary products in all its hotels and member clubs.
Aethos’ newest refuge in the Italian Alps, Aethos Monterosa, which is opening June 1st, will be the first destination to feature the FORME Studio in its Gym and Aethos Suites. The workout mirror with a 4K touch screen that makes it feel like the trainer is right there with you will complement the extensive wellbeing programming that the hotel offers; from an expansive indoor / outdoor spa, yoga, Pilates and boxing classes, to an indoor climbing hall.
...
“We have always been believers in the transformative power of movement for the mind and body,” said Trent Ward, co-founder and CEO of FORME. “By partnering with Aethos, we have the opp. to bring FORME’s best-in-class fitness to new customers in premium destinations around the globe. We are thrilled about this collaboration and its potential to achieve our shared goal of improving mental wellness and physical strength for more people. As a newly public company, we look forward to updating in-vestors on future business development achievements such as with Aethos.”
Read the full article here.
-----
No. 5 TRNR Potential Catalyst - Joining The Nasdaq Global Market Creates Major Exposure Opp.
Interactive Strength Inc. d/b/a FORME Announces Closing of $12Mn Initial Public Offering
AUSTIN, TX, May 02, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Interactive Strength Inc. (FORME) (Nasdaq: TRNR), a digital fitness platform that combines premium connected fitness hardware products with personal training and coaching, today announced the closing of its initial public offering of an aggregate of 1.50Mn shares of its common st.ock at a price to the public of $8.00 per share. The shares began trading on The Nasdaq Global Market on April 28, 2023 under the ticker symbol “TRNR.”
Read the full article here.
-----
TRNR Recap - Top Potential Catalysts To Know Right Now
No. 1 - A Low Float Creates Strong Potential For Explosive Volatility
No. 2 - Interactive Strength Inc. Receives $12 Analyst Target & Bullish Rating
No. 3 - European Expansion Launched With Strategic Partnership
No. 4 - A New Partnership Spreads Company's Training Tech To Hotels Across Portugal, Spain, And Italy
No. 5 - Joining The Nasdaq Global Market Creates Major Exposure Opp.
-----
Coverage is officially initiated on TRNR. When time allows, do this:
