🚨Trade Alert 🚨 TRNR

A $4.15 price target, smart money betting big, and an acquisition expected to close this month could accelerate an even bigger comeback for TRNR! ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ A $4.15 price target, smart money betting big, and an acquisition expected to close this month could accelerate an even bigger comeback for TRNR! Greetings Investors, It’s January. It’s the time of the year when many people begin a new health journey and want to change how they look and feel. Staying healthy and looking good never goes out of style and Wall Street is home to several stocks that encompass this belief. Well-known companies include Planet Fitness, Peloton, and Lululemon Athletica. All of which have market caps in the billions! There’s an under-the-radar company whose market cap could grow exponentially that should be on your radar as 2024 continues to kick off. AND… this company could give Peloton a serious run for its money. Add Interactive Strength, Inc. (NASDAQ: TRNR) to your radar. With a market cap of a little over $10M and a trading price under $1.00, TRNR may be one of the biggest undervalued finds on Wall Street right now! Since hitting a 52-week low earlier in the month, the stock has been rapidly heading back north and the momentum could continue! [�]( About the Company…. Interactive Strength Inc. (NASDAQ: TRNR) d/b/a Forme is a digital fitness platform that combines premium connected fitness hardware products with personal training and coaching (from real humans) to deliver an immersive experience and better outcomes for both consumers and trainers. The company believes it is the pioneer brand in the emerging sector of virtual personal training and health coaching and that its products and services are accelerating a powerful shift towards outcome-driven fitness solutions. Giving Peloton a run for its money? Despite being a young company (IPO in spring of 2023), TRNR is doing a lot more than Peloton and is now averaging$1,570 per household!!]( This is versus Peloton whose annual membership runs around $500 a year. It is clearly time for Peloton to step aside. “We believe this focus on generating significantly higher recurring revenue per customer than our peers will be the biggest driver toward our future profitability,” commented TRNR co-founder and CEO Trent Ward in the company’s Q1 financial report. Demand for convenient fitness options. Household trends, work from home, and the rise of mobile technology make it challenging to balance time between family, work, and personal health and wellness, resulting in increasing demand for convenient fitness options. Digitization increases convenience of fitness options for consumers, enabling them to train from home and increasing flexibility to schedule with trainers from different time zones. From 2022 to 2023, the worldwide online/virtual fitness market [experienced]( a compound annual growth rate (CAGR) of 39.4%, increasing from $15.65 billion to $21.82 billion. The market is projected to continue growing at a CAGR of 36.9% and reach $76.57 billion by 2027! An Acquisition in the Works…. TRNR is making substantial progress towards completing the acquisition of the assets of CLMBR, Inc., the maker of the first-to-market connected vertical climber, with a definitive agreement being executed this past October. The transaction is expected to close THIS MONTH!! Highlights of the Transaction: - The combined business is anticipated to generate between $15 million and $20 million in revenue in 2024 and anticipated to be cashflow positive and adjusted EBITDA profitable potentially as early as the fourth quarter of 2024 - The combined business is expected to be driven primarily by B2B revenue supported by an acquired sales and distribution partnership with WOODWAY - CLMBR shareholders to receive TRNR common equity with lock up until October 2024 As previously announced, the potential transaction, if consummated, is expected to accelerate FORME’s commercialization path, result in immediate scale across all functions and create a high-growth and profitable platform that sells connected fitness equipment and digital fitness services across B2B and B2C channels. “We believe that this is a transformational acquisition, both in its potential to help drive the business to profitability toward the end of next year and by shifting the channel where the vast majority of the revenue is generated to B2B. We continue to grow our distribution footprint in different B2B verticals and are excited about gaining a partner such as WOODWAY to really drive the business forward.” – CEO Trent Ward Significant Rebound Potential and BULLISH Sentiment… Hitting a 52-week low of just under 63 cents not long ago, the stock has been rapidly moving higher, nearly hitting the $1 mark again. TRNR is one of those stocks that may have depreciated over time, but the underlying potential is still there. Why else would insiders still hold on? Transactions over the last year of insiders buying TRNR stock have been encouraging. Their stake in the company says one thing: they still believe the stock will go up. Smart money is betting big on TRNR… Big investors, which include notable hedge funds, put in millions of dollars over a year ago. [A screenshot of a report Description automatically generated] You can see all this yourself at the company’s S1 [HERE.]( Then on June 7, 2023, the company’s compensation committee approved the grant of options to purchase an aggregate of 1,175,000 shares of TRNR common stock to its employees, including CEO Trent Ward. All of the foregoing options shall vest on the following terms, which terms are intended to be generally consistent with the terms of the early release provisions set forth in the lock-up agreements entered into by certain stockholders in connection with our initial public offering: - 1/3 of the shares subject to the options shall vest if and when the per share price of our common stock is at least $12 per share calculated based on the 30-day VWAP; - 1/3 of the shares subject to the options shall vest if and when the per share price of our common stock is at least $16 per share calculated based on the 30-day VWAP; and - 1/3 of the shares subject to the options shall vest if and when the per share price of our common stock is at least $20 per share calculated based on 30-day VWAP; All this information is available to the public! See page 103 of the company’s 10-Q [HERE.]( $12… $16… and $20 are what these insiders are waiting for! Currently, the stock has a “STRONG BUY” rating at [NASDAQ.com.]( Goldman Small Cap Research published a new research report on TRNR in August, with a 12-month price target of $4.15! Compared to current levels, that would be a gain of over 300%! The research firm’s report reads: - Innovative, fast-growing Interactive Strength, Inc. (d/b/a FORME) offers substantial upside following the announcement of a signed LOI to acquire a firm in its industry segment.  Based on management’s guidance for the combined firms, FORME is poised to enjoy enviable sales growth, driving the stock substantially higher. - TRNR’s current core business in B2C will migrate to a more profitable B2B-led platform. The Company operates a digital fitness platform combining premium connected award-winning fitness hardware products with 1:1 personal training and coaching (from real humans) to deliver an immersive experience and better outcomes for consumers and trainers. - Slated to close by 4Q23, the analyst believes that the prospective acquisition dramatically changes the outlook, revenue, profitability, and valuation for TRNR in one fell swoop. Moreover, in addition to accelerating the path to adjusted EBITDA, the analyst believes this move will be the first step in TRNR’s role as an aggregator in the space. - Goldman Small Cap Research’s current combined company forecasts include $9.8M in revenue for 2023, $24.9M in 2024, and $48.8M in 2025. Management believes adjusted EBITDA could occur by 4Q24 and the analyst’s model assumes annual operating and net income profit in 2025. - The analyst’s 12-month price target of $4.15 reflects a reasonable 3x our 2024 projected revenue of $24.9M. An upside to its target exists as this forecast is below management revenue guidance for 2024. [SOURCE]( The Bottom Line… TRNR entered the market as a public company during a rough time for IPO’s. The bounce potential here is tremendous. Forme is quickly getting mainstream attention and is already recognized as an innovator by Men’s Health, Shape, and Good Housekeeping. Bullish catalysts are piling up for this under-recognized company…. And a monumental acquisition is expected to close THIS MONTH! There’s a good reason why Goldman Small Cap Research has a $4.15 price target on TRNR… and at these levels, there could be monstrous rebound potential ahead! Start your research right away! Copyright 2023 © SCDalerts.com is owned and operated by the owner of SCD Media LLC. Disclaimer and Privacy For more Information please contact info@smallcapsdaily.com This website provides information about the stock market and other investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. 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