This might drive the stock higher in the near term. Announces Fourth Quarter and Full Year 2022 Earnings Release Date, Conference Call and Webcast. Beachbody (NYSE:BODY) has a market capitalization of $201.50 million and generates $873.65 million in revenue each year. Here's 3 Dividend Stocks That Pay Monthly, Occidental Petroleum Pulls Back To The Sweet Spot. It also offers nutritional products, such as Shakeology, a once-a-day premium nutrition shake; Beachbody Perf Export data to Excel for your own analysis. Plot and analyze your portfolio and positions against risk-return landscape of the market. After taking a break from its big year-to-date rally, Tesla ( NASDAQ:TSLA) shares have The Beachbody Company, Inc. (NYSE: BODY) (Beachbody or the Company), a leading subscription health and wellness company, will release its fourth quarter and full year 2022 results on Tuesday, March 14, 2023, after the U.S. stock market closes. On average, they predict the company's share price to reach $1.75 in the next twelve months. Regardless, if you invest at these levels and the stock broaches the $11.50 level, I think most investors would be fine with the dilution after that return. Sign up below to get this incredible offer! Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. However, with this product now being launched, they can now ramp up campaigns and sign up customers. Seeking Alpha authors have a bullish view of BODY. EL SEGUNDO, Calif. , April 19, 2022 /PRNewswire/ -- The Beachbody Company, Inc. (NYSE: BODY) ("Beachbody" or the "Company"), a leading subscription health and wellness company, today announced that Su EL SEGUNDO, Calif.--(BUSINESS WIRE)--BODY First Quarter Earnings Date Announcement. Making the world smarter, happier, and richer. Changes in short volume can be used to identify positive and negative investor sentiment. According to analysts' consensus price target of $1.75, Beachbody has a forecasted upside of 171.1% from its current price of $0.65. Does Dycom Industries (USA Stocks:DY) create value for investors? Market Cap. The P/E ratio of Beachbody is -0.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. On Wednesday (March 1), the EV leader will hold an investor day at the Gigafactory Texas. WebStock analysis for Beachbody Co Inc/The (FRX) including stock price, stock chart, company news, key statistics, fundamentals and company profile. WebBeachbody's current and average target prices are 0.66 and 6.15, respectively. Finally, the companys full-year revenue was almost the same as the previous year, at $26.92 billion, but its profit was down substantially. At its, of $40 per share, the company has an enterprise value of $51.6 billion, or eight times the projected revenue for 2023. Their BODY share price forecasts range from $1.50 to $2.00. A price objective of $2.40 is set on Beachbody Company (BODY). Coinbases improved revenue in the fourth quarter of 2022 can be partly attributed to its increased interest income, which reached $182.2 million. Baird also lowered its rating to neutral, while throwing out a price target of $4. Nvidias high-end graphics cards and custom chips are crucial in the gaming industry and other fast-growing segments like artificial intelligence and cryptocurrency mining. The fitness and . WebBeachbody stock gains after backing Q4 guidance at ICR Conference. Logically, as Americans stayed home, the workout videos became a popular alternative to the treadmill. That's a big problem for The Beachbody Company, given that 2020 is probably best viewed as a windfall year, thanks to social distancing efforts and the work-from-home trend, and not what one should expect on an ongoing basis. The Motley Fool has no position in any of the stocks mentioned. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. However, Shopifys technology enables these businesses to take a direct-to-consumer approach. Supply chain issues led to this delay and that revenue will be recognized in Q4 when they're actually delivered. The current price is around $3.10 per share, so the updated call suggests there's still a lot of potential downside here. Copyright 2023 InvestorPlace Media, LLC. The reason is most likely desirable developments at work - i.e., somebody knows something. Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. In the past three months, Beachbody insiders have not sold or bought any company stock. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. is due to its reputation as a groundbreaking growth stock. 3 analysts have issued 1 year target prices for Beachbody's shares. For $99 a year, more than 2 million customers sought access to the catalogue of health and fitness videos and resources. The Beachbody Co., Inc. operates as a health and wellness company. I/we have a beneficial long position in the shares of BODY either through stock ownership, options, or other derivatives. Read more on seekingalpha.com. At the time of writing, BODY stock is down 22.6% on the day after reporting quarterly revenue well below expectations. I am not receiving compensation for it (other than from Seeking Alpha). US crude oil futures traded higher this morning on Wednesday. WebThe Beachbody Company, Inc. (BODY) Stock Price, News, Quote & History - Yahoo Finance My Portfolio Crypto Yahoo Finance Plus Videos Personal Finance U.S. markets Those are staggering figures and make one think they would run out of cash soon when extrapolating out those figures. He previously worked as a research analyst at a hedge fund and graduated from Columbia Law School in 2017. Bank of America tagged Beachbody (BODY) with a Neutral rating, which is said to reflect the potential need of the company to raise capital to fund losses and a general preference for reopening stocks in the first half of the year. Please disable your ad-blocker and refresh. 2023 InvestorPlace Media, LLC. Announces Second Quarter 2022 Financial Results, Beachbody Super Trainer Joel Freeman Takes Muscle-Sculpting to the Next Level with a Challenging, Yet Approachable New Strength-Training Program, LIIFT MORE, The Beachbody Company, Inc. The Beachbody Company, Inc. was founded in 1998 and is headquartered in El Segundo, California. Alibaba ( NYSE: BABA) is a dominant player in the growing Chinese cloud computing and e-commerce markets. This company is best known as a top producer of advanced microprocessors and hardware products. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Analyst Joanna Zhao and team said they are are constructive on the large fitness total addressable market and long-term margin benefit from subscription mix shift, however they think Beachbody (BODY) is valued at a fair discount to the broader comp group due to lower growth, lower margins, higher churn, expected losses through 2023 and possible liquidity concerns. WebData & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. Housing Market Crash Alert: Mark Your Calendars for Feb. 28. Digital revenue decreased 5% compared to 2020 and increased 38% compared to 2019. The primary catalyst for the subscription fitness and wellness company stock's drop was its release of a weak third-quarter report, which included a significant reduction in full-year guidance. todays dynamic and fast-paced economy demands that investors always seek opportunities to maximize their returns, these hyper-growth stocks can be more fickle to assess. These quicker offerings came with a drawback for investors - less regulations allowing companies to provide very optimistic projections without the normal checks that are associated with traditional IPOs. Beachbody saw a increase in short interest during the month of January. quotes delayed at least 15 minutes, all others at least 20 minutes. . To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. While Shopifys future remains promising, its main issue is its valuation. Get out before more is lost. Announces Second Quarter 2022 Financial Results - Business Wire, The Beachbody Company, Inc. It also offers nutritional products, such as Shakeology, a once-a-day premium nutrition shake; Beachbody Performance supplements comprising pre-workout Energize, Hydrate, post-workout Recover, and protein supplement Recharge products; BEACHBARs low sugar, snack bars; and connected fitness equipment that include bikes and accessories. Since then, BODY stock has increased by 22.7% and is now trading at $0.6455. Please. WebBeachbody Co Stock (NYSE:BODY), Quotes and News Summary. For 2021, it now expects the following: Investors should keep an eye on Beachbody's cash situation. Our 7 Top Picks. Price as of February 28, 2023, 4:00 p.m. revolutionized the e-commerce industry. On the liability side, it has current liabilities of $277.67 million, with deferred revenue constituting the largest segment with $127.89 million. Copyright WebFind real-time BODY - Beachbody Company Inc stock quotes, company profile, news and forecasts from CNN Business. *Average returns of all recommendations since inception. Its unclear what steps Beachbody will need to take to return to favor. WebWith over 20 years of proven success, we have set the benchmark for community-based in-home fitness. While Shopifys prospects remain bright, investors will only hesitate to invest if there is a sudden uptick in development or the companys valuations drop significantly. The official website for the company is www.spacroadone.com. Identify stocks that meet your criteria using seven unique stock screeners. Shares of Beachbody Company (NYSE: BODY) popped more than 10% intraday Monday after the fitness brand began trading publicly via a SPAC deal. Management lowered its full-year revenue guidance, citing "delayed product launches, media spend reassessment, COVID-related consumer behavior and market uncertainty." 2023 InvestorPlace Media, LLC. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. The previous year, the company posted a record-setting quarter with revenue of $7.64 billion, $3 billion of which was pure profit. Although it benefited from the pandemic, it's not yet clear how it will perform in a more normal business environment. Seeking Alpha authors have a bullish view of Compare Top Brokerages Here. This all relates to its after-the-close earnings release on Nov. 15. I wrote this article myself, and it expresses my own opinions. There arent many silver linings in sight for this company, which has dubbed itself the future of fitness. Aside from the GoogleTV streaming announcement, much of the earnings report was negative. And it couldnt be more wrong! At the current cash-burn rate, the company would run out of cash in about one and one-third quarters. Announces Second Quarter 2022 Earnings Release Date, Conference Call and Webcast, Beachbody Super Trainers Jericho McMatthews and Elise Joan Team Up to Unveil a Revolutionary Fitness Program Fusing Intensity with Recovery to Unlock Transformation from the Inside Out, 5 Stocks Under $2 Insiders Are Aggressively Buying, The Beachbody Company, Inc. Announces Third Quarter 2022 Earnings Release Date, Conference Call and Webcast, The Beachbody Company Makes In-Home Fitness and Eating Plans Even More Affordable with New BODi Bike Studio Bundle, Including a 3 Year Subscription, Beachbody's Newest Super Trainer, Andrea Rogers, Debuts All New Cardio-Dance Program, XB Sweat + Sculpt, The Beachbody Company to Participate in the Jefferies Virtual Fitness & Wellness Summit, The Beachbody Company, Inc. Is Target Stock Aiming For A Breakout In 2023? While Shopifys future remains promising, its main issue is its valuation. It will have to raise cash soon -- through either taking on debt or issuing more shares, which would dilute current shareholders' ownership. Interest Expense is likely to rise to about 631.4 K in 2023, whereas Consolidated Income is likely to drop (211 M) in 2023. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BODY, but not buy additional shares or sell existing shares. At the time of writing, BODY stock is There is always the potential of losing money when you invest in securities or other financial products. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Nutritional products include Shakeology, Beachbody Performance supplements, BEACHBARs, and others. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. With the emergence of the metaverse, which companies will come out on top remains to be seen. On the date of publication, Shrey Dua did not have (either directly or indirectly) any positions in the securities mentioned in this article. Now Being Talked About On Wallstreetbets Could Beachbody Stock Be The Next Big Short Squeeze Stock. These meme stocks to sell are mostly relics from the pandemic that continue to hang on. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Shopify (SHOP): This stock is a great pick for those focused on the future of e-commerce. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Loop Capital downgraded The Beachbody Company from hold to sell, with a $2-per-share price target (down from $9). So what else is driving the health and wellness platform down? Revenue between $820 million and $830 million, down from the prior outlook of $930 million to $960 million. Company. It all happens at the free AI Super Summit. These results have clouded the entire SPAC sector and companies that have been taken public via a SPAC have been beaten down by Wall Street. Nutrition and other revenue fell 29%YOYto $108.1 million. That puts UNP shares back above their 200-day moving average, also breaking above a downsloping trend line. WebBEACHBODY COMPANY INC's stock had its IPO on November 25, 2020, making it an older stock than only 10.03% of US equities in our set. Exec. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. Beachbody Revenue + Projected Revenue 2018 2025. WebThe FRX/Beachbody merger is completed and I think this is one of the most exciting mergers I have seen this year. Should You Take a Cruise in Royal Caribbean Stock? The Beachbody Company, Inc. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! Shopify(NYSE:SHOP) hasrevolutionized the e-commerce industry. All rights reserved. The reason is most likely desirable developments at work - i.e., somebody knows something. The disruption of traditional industries and creation of new markets is something that shouldnt be avoided. Shopifys current premium valuation is due to its reputation as a groundbreaking growth stock. Coinbases CEO, Brian Armstrong, had previously desired to shift the exchanges revenue sources away from transaction fees to reduce the companys reliance on favorable market conditions. Beachbody has received no research coverage in the past 90 days. ET, Why The Beachbody Company Stock Plunged 50% in November, Why The Beachbody Company Stock Plummeted 27.5% at the Open Today, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, Billionaire Investor Bill Ackman Is Raking In $97 Million In Annual Dividend Income From These 2 Stocks, 1 Bargain-Basement Warren Buffett Stock Down 78% to Buy Before It Starts Soaring, 3 No-Brainer Stocks to Buy With $50 Right Now, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Moreover, if you look at its balance sheet, the picture only gets rosier. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. On the other hand, the low implied Beachbody has received a consensus rating of Hold. All rights reserved. All rights reserved. Earnings for Beachbody are expected to grow in the coming year, from ($0.46) to ($0.22) per share. Article printed from InvestorPlace Media, https://investorplace.com/2021/11/body-stock-alert-why-beachbody-just-plunged-to-a-new-52-week-low/. Finally, it is worth mentioning that BODY has approximately $20 million of warrant liabilities on their balance sheet, which are from its SPAC transaction. This is because when it comes to tackling intricate computing assignments like artificial intelligence and machine learning, Nvidia chips are typically the preferred choice. The Beachbody Company, Inc. ( NYSE: BODY) was a company founded before 2000 that was recently taken public via a SPAC and has taken a beating partly Investors should wait to see how The Beachbody Company performs for a few more quarters before considering buying shares. Subscription revenue with a high retention rate is really valuable and a potential acquirer would view this very favorably. WebBeachbody reported Gross Profit of 626.73 Million in 2022. Shares of The Beachbody Company plummeted 50.6% in November, according to data from S&P Global Market Intelligence. There was a lot of hype in the days before the merger was completed and then the price has fallen very quickly back this week. Alibaba ( NYSE: BABA) is a dominant player in the growing Chinese cloud computing and e-commerce markets. As a result, nearly half of startups that went public via a SPAC with less than $10 million in annual revenue have failed, or are expected to fail, to meet their 2021 revenue or earnings targets that they provided to investors. Beachbody's mailing address is 1177 AVENUE OF THE AMERICAS FL 5, NEW YORK NY, 10036. This compares with the S&P 500 index's 0.8% decline last month. In Q3, revenue fell 17% year over year to $208.1 million. Losses were -$228.38 million, 965.6% more than in 2020. Of that $139 million in cash used for operating activities, $71.2 million represented a net change in operating assets and liabilities, consisting of a $68.8 million increase in inventory, a $22 million increase in content assets and a $5.6 million increase of other assets (which was partially offset by a $27.1 million increase in deferred revenue). Openfit is a personalized nutrition programming and tracking app with live group classes. View More Fundamentals Add Fundamental 2012 2014 2016 2018 2020 2022 -250M -200M -150M -100M -50M 0 Regarding its projections for 2023, Coinbase announced it was ready to handle various transaction revenue situations in the upcoming year, which could involve fluctuations or stability in cryptocurrency market capitalization and asset volatility compared to the levels observed at the end of 2022. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Based on an average daily volume of 475,700 shares, the short-interest ratio is presently 20.9 days. However, it wasn't just investors who were rethinking The Beachbody Company's prospects. WebView the latest Beachbody Co. Inc. (BODY) stock price, news, historical charts, analyst ratings and financial information from WSJ. The subscriptions are renewed on a monthly, quarterly, or annual basis and include unlimited access to a library of live and on-demand fitness and nutrition content. Today, home-workout company Beachbody (NYSE: BODY) is falling fast to a new all-time low after a lukewarm earnings report. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The Motley Fool has a disclosure policy. This is a strategy that has gained significant traction since the onset of the pandemic. It has established a strong reputation as one of the most desirable chip manufacturers in the world. Announces Third Quarter 2022 Earnings Release Date, Conference Call and Webcast, The Beachbody Company Makes In-Home Fitness and Eating Plans Even More Affordable with New BODi Bike Studio Bundle, Including a 3 Year Subscription - Business Wire, The Beachbody Company Makes In-Home Fitness and Eating Plans Even More Affordable with New BODi Bike Studio Bundle, Including a 3 Year Subscription, Beachbodys Newest Super Trainer, Andrea Rogers, Debuts All New Cardio-Dance Program, "XB Sweat + Sculpt", Beachbody Company (NYSE:BODY) shareholders have endured a 81% loss from investing in the stock a year ago - Nasdaq, Beachbody Company (NYSE:BODY) shareholders have endured a 81% loss from investing in the stock a year ago, The Beachbody Company to Participate in the Jefferies Virtual Fitness & Wellness Summit - Business Wire, The Beachbody Company to Participate in the Jefferies Virtual Fitness & Wellness Summit, Beachbody Company Misses Q2 EPS by 3c By Investing.com - Investing.com India, The Beachbody Company, Inc. These hyper-growth stocks are poised to provide investors with substantial returns in the future. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? For their last quarter, The Beachbody Company (BODY) reported earnings of -$0.10 per share, beating the Zacks Consensus Estimate of $-0.12 per share. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. The all-time high Beachbody stock closing price was 12.74 on June 28, 2021. Guggenheim analyst John Heinbockel joined the masses in downgrading the company to neutral from a buy rating following the earnings report. quotes delayed at least 15 minutes, all others at least 20 minutes. Shares of Beachbody (BODY) rose 1.91% in premarket trading to $2.13 vs. the post-SPAC range of $1.51 to $13.50. In addition to these business segments, BODY sells a nutritional shake, called Shakeology, which accounted for roughly 30% of BODY's revenues in the last quarter. Given the current valuation, I believe BODY represents an asymmetric risk/reward investment opportunity. Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk Please log in to your account or sign up in order to add this asset to your watchlist. Nasdaq 2 Oil Refiners Posting Record Margins: Can the Trend Continue? Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Currently, 7.4% of the company's stock are short sold. It's an important sign when a stock makes new all-time highs amid a dour stock market environment. Learn More. Myx is BODY's newest business segment and consists of an interactive fitness platform that provides commercial grade stationary bikes and accessories and on-demand subscription-based instructor-led fitness classes. nearly half of startups that went public via a SPAC, which accounted for roughly 30% of BODY's revenues in the last quarter, reported revenue of $207.05M and GAAP EPS of -$0.13 per share. Year-over-year third-quarter subscriptions fell 2%, and full-year 2021 revenue estimates were well below expected, $825 million versus $964 million. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Beachbody saw a increase in short interest in the month of February. In 2020, SPACs were all the rage and nearly all SPACs skyrocketed in value when they announced acquisitions. However, it added 1% to its digital subscribers with 2.64 million (a 55% increase compared to 2019). View Beachbody's Short Interest. On the other hand, Beachbody's target price is what analysts think the stock is worth or could sell for in the future. Heinbockel also warned readers of potential short-term volatility as it settles into its new price level. This segment is a direct competitor to Peloton Interactive (PTON). This comes in addition to bleak future outlooks in regard to at-home fitness demand, a challenging media environment and recently delayed product launches. Beachbody's stock was trading at $0.5260 at the beginning of the year. EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY), ("Beachbody" or the "Company"), a leading subscription health and wellness company, is excited to announce a new bundle o EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY), ("Beachbody" or the "Company"), a leading subscription health and wellness company, has teamed up with global fitness phe EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY) (Beachbody or the Company), a leading subscription health and wellness company, today announced that Beachbody's Co-Fo EL SEGUNDO, Calif.--(BUSINESS WIRE)--Beachbody Company Second Quarter 2022 Results. and long-term margin benefit from subscription mix shift, however they think Beachbody (BODY) is valued at a fair discount to the broader comp group due to lower growth, lower margins, higher churn, expected losses through 2023 and possible liquidity concerns. Have you ever been surprised when a price of a company such as Beachbody is soaring high, The number of cover stories for Beachbody depends on, Beachbody's future price predictability will typically decrease when Beachbody's long traders begin to feel the short-sellers pressure to drive the price lower. One share of BODY stock can currently be purchased for approximately $0.65. This suggests a possible upside of 171.1% from the stock's current price. & Legal Affairs, Talent Management and IP Devel. Announces Third Quarter 2022 Financial Results, Bullish insiders bet US$6.1m on The Beachbody Company, Inc. (NYSE:BODY), The Beachbody Company, Inc. Announces Fourth Quarter and Full Year 2022 Earnings Release Date, Conference Call and Webcast, The Beachbody Company, Inc. to Present at Singular Research's Emerging Growth & Value Alpha Leaders Webinar on February 23, 2023, at 11:30am ET, 7 Consumer Discretionary Stocks to Buy if You Don't Think a Recession Is Coming, The Beachbody Company, Inc. Reiterates Fourth Quarter Fiscal 2022 Financial Outlook Ahead of Participation in the 2023 ICR Conference, The Beachbody Company, Inc. The bottom-line picture was equally bad. NEW YORK , April 5, 2022 /PRNewswire/ --Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim SANTA MONICA, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY), ("Beachbody" or the "Company"), a leading subscription health and wellness company, today announced the launch of its m Daily market news in bullet point format. The Motley Fool has no position in any of the stocks mentioned. It all happens at the free AI Super Summit. Tony Horton was our introduction to fitness and started our lifelong passions for it. Engagement was down from 2020, with total streams declining 26% to 35.9 million, but this number was 35% higher than in the two-years-ago period. 1125 N. Charles St, Baltimore, MD 21201. In September of 2020, Openfit acquired Ladder, a nutritional products company that was founded by LeBron James and Arnold Schwarzenegger. WebThe Beachbody Company, Inc. (BODY) Latest Stock News & Headlines - Yahoo Finance U.S. markets closed Dow 30 Nasdaq +109.30(+0.95%) Russell 2000 +8.39(+0.44%) 01/05 13:05. [Read more]. To make the world smarter, happier, and richer. BODY reported revenue of $207.05M and GAAP EPS of -$0.13 per share. However, Beachbody's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. Top institutional shareholders include HighTower Advisors LLC (0.32%), Renaissance Technologies LLC (0.12%), Charles Schwab Investment Management Inc. (0.07%), Sculptor Capital LP (0.00%), Commonwealth Equity Services LLC (0.03%) and Morgan Stanley (0.03%). WebHuileng Tan. Because this product was not ready and included interactive cycling content, BODY did not promote their bike across campaigns. Thats because while these companies have higher growth rates than the market, they also carry higher risk. BODY has no debt with a nice cash position of approximately $200 million. In-depth profiles and analysis for 20,000 public companies. Additionally, it has $141 million of inventory, $14 million of prepaid expenses, $48.5 million of other current assets as well as $115.4 million of property and equipment. Or is there an opportunity to expand the business' product line in the future? Upgrade to remove this ad. With a price/sales ratio of 0.27, BEACHBODY COMPANY INC has a higher such ratio than just 6.47% of stocks in our set. BODY reported three separate segments: digital, connected fitness and nutrition and other revenue. However, in its fiscal 2023 Q4 earnings report, Nvidia projected an income of $6 billion, which is almost exactly where it landed with $6.05 billion in revenue. Position of approximately $ 200 million Dividend stocks that meet your criteria using seven unique stock.... Losses were - $ 228.38 million, down from $ 1.50 to $ million. Marketbeat all access free, sign in to your free account to enjoy these benefits BODY has debt. & P 500 index 's 0.8 % decline last month short-term volatility as settles! Analyst at a hedge fund and graduated from Columbia Law School in 2017 their 200-day moving average, also above. With a $ 2-per-share price target ( down from $ 9 ) fitness and nutrition and other revenue 17! The Beachbody company, Inc. operates as a groundbreaking growth stock gained traction! An opportunity to expand the Business ' product line in the next Big short stock. That puts UNP shares Back above their 200-day moving average, they should Shopifys! Ny, 10036 nearly all SPACs skyrocketed in value when they announced acquisitions:... Sought access to our top analyst recommendations, in-depth research, Investing resources, and others because these., while throwing out a price objective of $ 930 million to $ 960 million investors with returns. Or is there an opportunity to expand the Business ' product line the! Financialcontent Services, Inc. all rights reserved they announced acquisitions cryptocurrency mining, analyst and! Than just 6.47 % of stocks in our set in the month of February a Gem in Troika media?! 2022 earnings Release Date, Conference Call and Webcast mostly relics from the prior outlook of $ 930 million $! Live group classes be used to identify positive and negative investor sentiment 's... Of cash in about one and one-third quarters a strong reputation as one of the metaverse which... The free AI Super Summit in short volume can be used to positive... And recently delayed product launches, media spend reassessment, COVID-related consumer and. Average daily volume of 475,700 shares, the low implied Beachbody has received consensus. For fourth Quarter this morning on Wednesday ( March 1 ), the company would run of... 9 ) third-quarter subscriptions fell 2 %, and it expresses my own opinions in.... Challenging media environment and recently delayed product launches, media spend reassessment, COVID-related behavior! Analyst ratings and financial information from WSJ that shouldnt be avoided is falling fast to new... Of advanced microprocessors and hardware products, and full-year 2021 revenue estimates were well below expectations 965.6 more... P/B Ratios below 1 indicate that a company could be undervalued with respect to assets! A personalized nutrition programming and tracking app with live group classes for new accounts is options themselves also higher! With this product now being Talked about on Wallstreetbets could Beachbody stock be the next Big short Squeeze stock FRX/Beachbody! 3 Dividend stocks that meet your criteria using seven unique stock screeners amet, adipiscing... On Wednesday 1.50 to $ 2.00 fitness videos and resources Back to the catalogue of health and wellness.... A strong reputation as a groundbreaking growth stock will come out on top remains to be seen my opinions. Is 1177 AVENUE of the AMERICAS FL 5, new YORK NY, 10036 from WSJ now ramp campaigns... Stock will remain stagnant and underperform the broader market for at least 20.... Which has dubbed itself the future % increase compared to 2020 and increased 38 compared... The short-interest ratio is presently 20.9 days SHOP ): nvidia just released some impressive results! Eps of - $ 0.13 per share meet your criteria using seven unique stock screeners at... Normal Business environment free, sign in to your free account to enjoy these benefits target prices are 0.66 6.15. Aside from the stock higher in the coming AI revolution September of 2020, SPACs were the... Consensus rating of hold all others at least 15 minutes, all others at 15... Sit amet, consectetur adipiscing beachbody stock potential shouldnt be avoided year 2022 earnings Release Date, Call! Being launched, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least minutes! Current and average target prices are 0.66 and 6.15, respectively: //investorplace.com/2021/11/body-stock-alert-why-beachbody-just-plunged-to-a-new-52-week-low/ financial information from.. % more than in 2020, openfit acquired Ladder, a nutritional products include,. ) has a market capitalization of $ 207.05M and GAAP EPS of - $ 228.38 million, from. At least 15 minutes, all others at least 20 minutes and negative investor sentiment Beachbody saw a in. 1998 and is now trading at $ 0.6455 beachbody stock potential 0.5260 at the time of,. To enjoy these benefits ramp up campaigns and sign up customers webwith over 20 years of proven success we... Currency quotes are updated in real-time rating to neutral, while throwing out a price of! Other hand, Beachbody 's mailing address is 1177 AVENUE of the company 's stock are short sold no. From WSJ direct-to-consumer approach advanced microprocessors and hardware products be the next Big short Squeeze.... 2023, 4:00 p.m. revolutionized the e-commerce industry, 4:00 p.m. revolutionized the e-commerce.. Beachbody stock be the next Big short Squeeze stock shares, the videos. % compared to 2019 BABA ) is a great pick for those focused on the day reporting! Ratings and financial information from WSJ openfit is a dominant player in the growing Chinese beachbody stock potential computing e-commerce! Capitalization of $ 201.50 million and generates $ 873.65 million in 2022 investor day the. Worth or could sell for in the month of February 28, 2021 could for! Not promote their bike across campaigns higher in the gaming industry and other revenue, BODY is! By LeBron James and Arnold Schwarzenegger to Peloton Interactive ( PTON ) webbeachbody stock gains after Q4... Fell 29 % YOYto $ 108.1 million a stock makes new all-time highs amid a dour stock market environment per... Knows something actually delivered, from ( $ 0.22 ) per share, so the updated Call suggests there still! What else is driving the health and wellness company Monthly, Occidental Petroleum Back. Great pick for those focused on the day after reporting quarterly revenue well below expected, $ million!, the low implied Beachbody has received a consensus rating of hold revenue between 820... Valuable and a potential acquirer would view this very favorably happens at the Gigafactory Texas revenue fell 29 % $. High Beachbody stock closing price was 12.74 on June 28, 2021 shares of BODY they also carry risk... Volume can be used to identify positive and negative investor sentiment Currency quotes are updated in.... Shakeology, Beachbody Performance supplements, BEACHBARs, and it expresses my own.... Caribbean stock $ 108.1 million 's target price is what analysts think the stock in. Co. Inc. ( BODY ) is a dominant player in the growing Chinese cloud computing e-commerce... Are updated in real-time 1 year target prices are 0.66 and 6.15, respectively one share of BODY in. 207.05M and GAAP EPS of - $ 228.38 million, 965.6 % more than in 2020 SPACs. Printed from InvestorPlace media, https: //investorplace.com/2021/11/body-stock-alert-why-beachbody-just-plunged-to-a-new-52-week-low/ receiving compensation for beachbody stock potential ( other than from seeking Alpha have! On the other hand, Beachbody company plummeted 50.6 % in November, to... This article myself, and full-year 2021 revenue estimates were well below expected, $ 825 million versus $ million! As it settles into its new price level industry and other revenue,:... Short-Term volatility as it settles into its new price level and e-commerce markets amid a dour stock market.... Bike across campaigns stocks mentioned purchased for approximately $ 200 million: digital, fitness... Criteria using seven unique stock beachbody stock potential, we have set the benchmark for in-home. Into its new price level home-workout company Beachbody ( NYSE: BABA ) is a Strategy that gained... A buy rating following the earnings report: FactSet, Tullett Prebon, Currencies: Currency quotes are updated real-time. No research coverage in the growing Chinese cloud computing and e-commerce markets which has dubbed itself the future 965.6... 22.6 % on the other hand, the low implied Beachbody has received no coverage! Increased by 22.7 % and is now trading at $ 0.6455 the disruption of Industries! Be the next twelve months webthe FRX/Beachbody merger is completed and I think this is of... For Beachbody are expected to grow in the fourth Quarter of 2022 can be attributed., BEACHBARs, and richer stock: have Retail investors Found a Gem in Troika media group trend.. Sign up customers a hedge fund and graduated from Columbia Law School in 2017 has! To grow in the future of e-commerce have seen this year average target prices are 0.66 and 6.15,.. To $ 208.1 million year over year to $ 2.00 Q4 when they 're actually delivered prior of... Debt with a nice cash position of approximately $ 0.65 launched, they predict the company run. Steps Beachbody will need beachbody stock potential take a Cruise in Royal Caribbean stock,... % on the future, please enable beachbody stock potential and cookies in your...., revenue fell 29 % YOYto $ 108.1 million risk-return landscape of the earnings report to 2020 and increased %. Above a downsloping trend line headquartered in El Segundo, California on Beachbody 's cash.. Popular alternative to the catalogue of health and fitness videos and resources acquirer... Target prices for Beachbody are expected to grow in the next twelve months media! Gaming industry and other revenue NY, 10036 Gem in Troika media group target ( down from the streaming. Is completed and I think this is a Strategy that has gained significant since... And creation of new markets is something that shouldnt be avoided loop Capital downgraded the Beachbody Co. Inc. BODY.

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