Interactive Strength Inc ( TRNR ) shares are trading higher by 75% to $0.60 Monday afternoon after the company received a letter stating that the Nasdaq Hearings Panel granted its request for continued listing on the Nasdaq Stock Market.

The company had been non-compliant with Nasdaq’s minimum equity requirement but successfully appealed a delisting notice. The Panel has given TRNR until November 14, to meet the requirement.

TRNR’s CEO, Trent Ward, expressed optimism about regaining compliance by reporting third-quarter earnings and noted that, on a pro forma basis, the company would have met the equity rule for the quarter ending June 30, 2024, following a recent equity offering.

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Is TRNR A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Interactive Strength ( TRNR )‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. Interactive Strength ( TRNR ) does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Interactive Strength ( TRNR ) will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

According to data from Benzinga Pro, TRNR has a 52-week high of $71.20 and a 52-week low of $0.34.