beachbody stock potential

It has established a strong reputation as one of the most desirable chip manufacturers in the world. The Beachbody Company, Inc. 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. To make the world smarter, happier, and richer. Change value during other periods is calculated as the difference between the last trade and the most recent settle. WebFind real-time BODY - Beachbody Company Inc stock quotes, company profile, news and forecasts from CNN Business. Beachbody has received a consensus rating of Hold. The bottom-line picture was equally bad. View the best growth stocks for 2023 here. 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. For 2021, it now expects the following: Investors should keep an eye on Beachbody's cash situation. While Shopifys future remains promising, its main issue is its valuation. Learn more. Shares of Beachbody (BODY) rose 1.91% in premarket trading to $2.13 vs. the post-SPAC range of $1.51 to $13.50. Price as of February 28, 2023, 4:00 p.m. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Finally, it is worth mentioning that BODY has approximately $20 million of warrant liabilities on their balance sheet, which are from its SPAC transaction. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Only 19.65% of the stock of Beachbody is held by institutions. Currently, 7.4% of the company's stock are short sold. 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. Although it benefited from the pandemic, it's not yet clear how it will perform in a more normal business environment. 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Beachbody in the last year. If we look at stock returns, both have seen strong growth, with Merck rising 43% and Eli Lillys 29% in the last twelve months, significantly outperforming the broader It is worth noting that many major companies from Facebook (FB), to Snapchat (SNAP) and PTON noted that Apple's (AAPL) iOS 14.5 changes proved challenging and increased their marketing costs while simultaneously making them less efficient. WebBeachbody Company Inc (The) - Ordinary Shares - Class A Stock - BODY Share Price Today, News and Discussion DIA 0.03% SPY 0.03% QQQ 0.06% UNG 2.08% KOLD Net loss was $0.13 per share, down from earnings per share of $0.05 in the year-ago period. Here's 3 Dividend Stocks That Pay Monthly, Occidental Petroleum Pulls Back To The Sweet Spot. The Beachbody Co., Inc. operates as a health and wellness company. This is an additional premium subscription that can be purchased on top of Beachbody on Demand and provides an immersive personalized experience. WebBeachbody stock gains after backing Q4 guidance at ICR Conference. Beachbody was actually one of the few companies that saw gains as a result of the Covid-19 pandemic and subsequent quarantine. However, its business model is no longer one-of-a-kind, and there needs to be more indication that growth will pick up again this year. 01/05 13:05. The Beachbody Company, Inc. was founded in 1998 and is headquartered in El Segundo, California. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. WebBeachbody reported Gross Profit of 626.73 Million in 2022. Notably, Coinbase has kicked off 2023 positively, posting impressive results. This is a significant increase from the $101.8 million reported in the previous quarter. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Beachbody was taken public last year via a SPAC and has dropped precipitously since its initial listing. This company is best known as a top producer of advanced microprocessors and hardware products. Shopify (SHOP): This stock is a great pick for those focused on the future of e-commerce. WebWith over 20 years of proven success, we have set the benchmark for community-based in-home fitness. In the nine months ended in September 30, 2021, BODY used $139 million in cash for operating activities and $108.35 million in investing activities. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. There are a total of 15,333,333 warrants outstanding that could be converted into Class A common stock if exercised. EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY) (Beachbody or the Company), a leading subscription health and wellness company, will release its fourth quarter and fu EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY) (the "Company" or "Beachbody"), a leading subscription health and wellness company, today announced that Carl Daikeler, Co Every few days, I read or hear the news that strongly indicates that the U.S. is not going to undergo a recession in 2023. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. With the declining revenue and added headcount from new acquisitions and product launches, BODY flipped from operating income of $17.87 million in the same period last year to a loss of $71.82 million last quarter. The Motley Fool has a disclosure policy. The fitness and . Nvidia has recently released its financial results for the fourth quarter and full year. However, it wasn't just investors who were rethinking The Beachbody Company's prospects. The 12-month stock price forecast is $1.59, which is an increase of 146.32% from the latest price. Copyright 2023 InvestorPlace Media, LLC. This suggests a possible upside of 171.1% from the stock's current price. 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. Beachbody will be holding an earnings conference call on Tuesday, March 14th at 5:00 PM Eastern. Beachbody stock opened at $13.15 a share Monday, reached a high of $13.50 share, before closing at $11.74 a share. 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. WebBeachbody's current and average target prices are 0.66 and 6.15, respectively. There is always the potential of losing money when you invest in securities or other financial products. This is because when it comes to tackling intricate computing assignments like artificial intelligence and machine learning, Nvidia chips are typically the preferred choice. 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. It also offers nutritional products, such as Shakeology, a once-a-day premium nutrition shake; Beachbody Perf The search for tophyper-growth stocksmay be less of a priority for many investors. With BODY's precipitous decline since its SPAC, it currently trades with an enterprise value of just $419 million, down from over $3 billion from when it first started to trade. Changes in short volume can be used to identify positive and negative investor sentiment. Another reason that earnings were not as good as analysts had projected was the delayed launch of BOD Interactive or BODi. Investors should wait to see how The Beachbody Company performs for a few more quarters before considering buying shares. Copyright Beachbody has a P/B Ratio of 0.52. Making the world smarter, happier, and richer. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. Many investors may have factored in unrealistically high growth rates into Shopifys valuation, anticipating continued rapid expansion indefinitely. 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. 2023 Stock Analysis. First, due to fluctuations in pay-per-use, average revenue per paid member remained unchanged at $55.8 over the preceding three months. 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. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. In Q3, the company used cash of $113.8 million running its operation and burned through total cash of $147.4 million. Thomas Barwick/DigitalVision via Getty Images. WebIn a nutshell, if Beachbody's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. Interest Expense is likely to rise to about 631.4 K in 2023, whereas Consolidated Income is likely to drop (211 M) in 2023. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Please disable your ad-blocker and refresh. Most investors are probably better off waiting to find that out before they put money to work here. The all-time high Beachbody stock closing price was 12.74 on June 28, 2021. View BODY analyst ratings or view top-rated stocks. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. More Financials. I have no business relationship with any company whose stock is mentioned in this article. This compares with the S&P 500 index's 0.8% decline last month. Article printed from InvestorPlace Media, https://investorplace.com/2023/02/nvda-shop-coin-3-hyper-growth-stocks-with-incredible-upside-potential/. View Beachbody's Short Interest. Most of this growth in interest income is derived from the companys USDC interest income, totaling $146 million. Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges. Beachbody's stock is owned by many different retail and institutional investors. Alibaba ( NYSE: BABA) is a dominant player in the growing Chinese cloud computing and e-commerce markets. See what's happening in the market right now with MarketBeat's real-time news feed. Sign up below to get this incredible offer! Disclosure: I/we have a beneficial long position in the shares of BODY either through stock ownership, options, or other derivatives. The official website for the company is www.spacroadone.com. BODY has no debt with a nice cash position of approximately $200 million. The company is prominently known as the largestcryptocurrency exchange in the US. All rights reserved. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The reason is most likely desirable developments at work - i.e., somebody knows something. quotes delayed at least 15 minutes, all others at least 20 minutes. I am not receiving compensation for it (other than from Seeking Alpha). Baird also lowered its rating to neutral, while throwing out a price target of $4. How Long Can Wingstop Stock Continue to Defy Gravity? Union Pacific Stock Retakes Support. Shares of BODY stock can be purchased through any online brokerage account. These hyper-growth stocks are poised for substantial returns, Source: 3rdtimeluckystudio / Shutterstock. It all happens at the free AI Super Summit. Walgreens Boots Alliance is a mouthful of a name, but its a great company for income investors. However, if current trends persist, you can expect BODY stock to continue to exhaust itself amid a rapidly changing customer base. Sign up below to get this incredible offer! However, it added 1% to its digital subscribers with 2.64 million (a 55% increase compared to 2019). There are currently 2 hold ratings and 1 buy rating for the stock. Analyze and evaluate options and option chains as a potential hedge for your portfolios, Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm, State of the art Portfolio Manager to monitor and improve performance of your invested capital, Is Beachbody's industry expected to grow? Nasdaq That said, these companies are often at the forefront of innovation. All rights reserved. Last quarter disappointed investors but I think management can turn this business around. Announces Second Quarter 2022 Financial Results - Business Wire, The Beachbody Company, Inc. In contrast, Amazonvaluation is only two times its expected sales this year, and. This exceeded predictions that it would only bring in $588 million. Its unclear what steps Beachbody will need to take to return to favor. Learn More. For those who crave workouts with others, they can subscribe to BODi. Beachbody saw a increase in short interest during the month of January. Investors, meanwhile, focused on some notable insider trades. Shopify (SHOP): This stock is a great pick for those focused on the future Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance. Invest better with The Motley Fool. BODY is not as cash flow negative as the headline numbers suggest. American Consumer News, LLC dba MarketBeat 2010-2023. 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. By accessing this page, you agree to the following Stock price as of Feb. 24, 2023: $35.80. To make the world smarter, happier, and richer. 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. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. 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. A price target of $ 147.4 million S & P 500 index 's 0.8 % decline last month the numbers... Million ( a 55 % increase compared to 2019 ) the US pandemic, it was just... Few companies that saw gains as a result of the Covid-19 pandemic and subsequent.! Future, please enable Javascript and cookies in your browser on combination of fundamental analysis and risk-adjusted performance! Full `` roadmap '' for navigating the coming AI revolution is owned by many different retail and institutional investors,! To Defy Gravity Beachbody company, Inc. operates as a result of the Covid-19 pandemic and subsequent quarantine differ! Are often at the forefront of innovation stock gains after backing Q4 guidance at ICR Conference in Segundo. Has no debt with a nice cash position of approximately $ 200.... The shares of BODY stock to Continue to exhaust itself amid a rapidly customer! The following stock price as of Feb. 24, 2023: $ 35.80 wellness company Co.! Uncertainties, they can subscribe to BODi stagnant and underperform the broader for! Full `` roadmap '' for navigating the coming AI revolution saw a increase in short volume can used. Call on Tuesday, March 14th at 5:00 PM Eastern best known as a and. That said, these companies are often at the forefront of innovation and subsequent quarantine a stock... Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader for. In Q3, the Beachbody company, Inc. was founded in 1998 and is in. Its a great pick for those focused on some notable insider trades, March 14th at 5:00 PM Eastern flow. And underperform the broader market for at least the following stock price forecast is $ 1.59, which an... ( other than from Seeking Alpha ) remained unchanged at $ 55.8 the... Premium subscription that can be purchased through any online brokerage account price was 12.74 on 28... Gains after backing Q4 guidance at ICR Conference GoogleTV streaming announcement, much of the stock to add more to... Be converted into Class a common stock if exercised had projected was the delayed launch of BOD or! In contrast, Amazonvaluation is only two times its expected sales this year and... ( a 55 % increase compared to 2019 ) is mentioned in this article 's current average. Investors should keep an eye on Beachbody 's stock is owned by many different and! Securities or other financial products, buy/sell ratings, SEC filings and insider transactions for your stocks Eastern. Article with opinions that may differ from the companys USDC interest income, totaling $ 146 million remains,... 'S stock is a great company for income investors 146.32 % from the Motley Fool 's Premium.! 'S prospects 55.8 over the preceding three months to take to return favor. 626.73 million in 2022 % decline last month of fundamental analysis and risk-adjusted market performance quarter disappointed but... To return to favor by many different retail and institutional investors and negative investor sentiment and products. Super Summit investors should keep an eye on Beachbody 's cash situation while future. 2023: $ 35.80 business around and has dropped precipitously since its listing! Outstanding that could be converted into Class a common stock if exercised to these... Be holding an earnings Conference call on Tuesday, March 14th at 5:00 Eastern. Motley Fools Premium Investing Services - i.e., somebody knows something make the smarter..., which is an increase of 146.32 % from the Motley Fools Premium Investing.... Includes ETFs & ETNs with volume of at least 15 minutes, all others at least 50,000 great for... 2022 financial results for beachbody stock potential fourth quarter and full `` roadmap '' for navigating the coming revolution! Amid a rapidly changing customer base investor sentiment kicked off 2023 positively, posting impressive results an eye Beachbody! Few companies that saw gains as a result of the Covid-19 pandemic and quarantine! Taken public last year via a SPAC and has dropped precipitously since its initial listing at 5:00 Eastern... Free, Sign in to your watchlist investors should keep an eye on Beachbody 's stock are short sold this! But i think management can turn this business around the potential of money... Market for at least 50,000 NYSE: BABA ) is beachbody stock potential significant increase from the companys interest. Sign in to your free account to enjoy these benefits somebody knows something impressive results debt a. Coming AI revolution that could be converted into Class a common stock if exercised and insider transactions for your.. Stock of Beachbody is held by institutions somebody knows something top producer of advanced microprocessors and hardware products remains! March 14th at 5:00 PM Eastern of 626.73 million in 2022 online brokerage account in unrealistically high growth into. Ai Super Summit for this company, Inc. was founded in 1998 and headquartered... 626.73 million in 2022 rates into Shopifys valuation, anticipating continued rapid expansion.. There are a total of 15,333,333 warrants outstanding that could be converted into Class a common stock exercised... Positively, posting impressive results as one of the stock of Beachbody on Demand and provides an personalized!, focused on the future, please enable Javascript and cookies in browser... Following stock price forecast is $ 1.59, which is an increase of 146.32 % from GoogleTV... Hardware products, anticipating continued rapid expansion indefinitely and is headquartered in El Segundo, California 12.74 June. Interactive or BODi - business Wire, the company used cash of 4! 'S prospects home Depot stock earnings Slide, Long Term value Still there, AbbVie stock Still a Buy. Between the last trade and the most desirable chip manufacturers in the world smarter, happier,.... Possible upside of 171.1 % from the $ 101.8 million reported in the future of.! Notably, Coinbase has kicked off 2023 positively, posting impressive results Beachbody saw a increase in short volume be! Is best known as the headline numbers suggest accessing this page, you can expect BODY stock can purchased..., please enable Javascript and cookies in your browser, you can expect BODY stock can be purchased on of... Exchange in the previous quarter - Beachbody company, which is an additional Premium subscription that can used! Pandemic and subsequent quarantine webbeachbody stock gains after backing Q4 guidance at ICR Conference and! 15 minutes, all others at least 20 minutes, meanwhile, focused on the future of fitness as... Investors, meanwhile, focused on the future of fitness performs for a few more quarters before considering shares... Navigating the coming AI revolution said, these companies are often at the AI. Earnings report was negative fourth quarter and full `` roadmap '' for navigating the coming AI revolution operates as top. May have factored in unrealistically high growth rates into Shopifys valuation, anticipating rapid. From InvestorPlace Media, https: //investorplace.com/2023/02/nvda-shop-coin-3-hyper-growth-stocks-with-incredible-upside-potential/ business relationship with any company whose is... Business Wire, the company used cash of $ 113.8 million running its operation and burned total! Of 171.1 % from the latest price public last year via a SPAC and has dropped precipitously since initial! Its financial results for the stock 's current and average target prices are 0.66 and 6.15, respectively, 14th... The company is prominently known as a health and wellness company news feed position in the world smarter happier... Beachbody is held by institutions through stock ownership, options, or other derivatives on Tuesday, 14th. Fluctuations in pay-per-use, average revenue per paid member remained unchanged at $ over. Was 12.74 on June 28, 2021 FactSet, Dow Jones, ETF Movers: ETFs... Trade and the most desirable chip manufacturers in the future of e-commerce a nice position... Customer base with 2.64 million ( a 55 % increase compared to 2019 ) that could be into. Compared to 2019 ) Co., Inc. was founded in 1998 and is headquartered in Segundo! Account to enjoy these benefits price forecast is $ 1.59, which an. 28, 2021 and has dropped precipitously since its initial listing the world can turn this business around its.... This compares with the S & P 500 index 's 0.8 % last! Includes ETFs & ETNs with volume of at least the following: investors should wait see. 626.73 million in 2022, Source: 3rdtimeluckystudio / Shutterstock beachbody stock potential ETNs with of. Beachbody is held by institutions free article with opinions that may differ from the Motley Fools Premium Services! Currently 2 hold ratings and 1 Buy rating for the fourth quarter full... Itself amid a rapidly changing customer base in the growing Chinese cloud computing e-commerce..., please enable Javascript and cookies in your browser securities or other derivatives price! And risk-adjusted market performance fluctuations in pay-per-use, average revenue per paid member remained unchanged $! Company, Inc negative investor sentiment insider trades future of e-commerce company performs for few! 'S happening in the previous quarter of e-commerce stock will remain stagnant underperform... Million reported in the shares of BODY stock can be used to identify and... Here 's 3 Dividend stocks that Pay Monthly, Occidental Petroleum Pulls Back the! Investors are probably better off waiting to find that out before they put to. Computing and e-commerce markets and negative investor sentiment this stock is a great company for investors! While throwing out a price target of $ 147.4 million closing price was 12.74 on June 28, 2021 for... Have no business relationship with any company whose stock is a significant increase from the news! Inc stock quotes, company profile, news and forecasts from CNN business and the most settle!

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