beachbody stock potential

Find the latest Beta for The Beachbody Company (BODY) Beachbody stock soars after reiterates Q4 outlook 01/09/23-6:53AM EST Seeking Alpha Beta is a widely used stock evaluation measure. Additionally, its largest long-term liability was its lease, at approximately $24 million, which as discussed earlier, will be removed since it assigned that lease. According to 11 analysts, the average rating for BODY stock is "Buy." Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Movie-theatre operator AMC's stock surged 23% after a potential legal delay to a common share dilution plan. Shares of The Beachbody Company plummeted 50.6% in November, according to data from S&P Global Market Intelligence. Beachbody was the company's original business and consists of their programs, such as P90X, Insanity and 21 Day Fix that are available through a digital subscription offering. Connected fitness revenue was $5.9 million in the quarter, compared to none in 2020 because that preceded the Myx Fitness acquisition. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. The company employs 1,021 workers across the globe. Most investors and analysts believe that BODY is similar to PTON in that it would perform better during a COVID surge because less people would go into a gym and would prefer at-home workouts. Another reason that earnings were not as good as analysts had projected was the delayed launch of BOD Interactive or BODi. The Beachbody Company is not a good option for conservative long-term investors. How Long Can Wingstop Stock Continue to Defy Gravity? its revenue consists of 75% subscription revenue while PTON's is just under 30%. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. 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. revolutionized the e-commerce industry. Announces Second Quarter 2022 Financial Results, view top-rated stocks among Wall Street analysts, 1177 AVENUE OF THE AMERICAS FL 5, NEW YORK NY, 10036. So, with all this promise, why is the price of the stock so low? Connected fitness products include The Beachbody Bike (also known as Myx), which is equipped with a swivel touch screen that enables users to engage with content beyond the indoor cycling experience and encourages broader cross-training, incorporating resistance training and yoga for a more holistic fitness experience and healthier results. Investors should wait to see how The Beachbody Company performs for a few more quarters before considering buying shares. BODY has surely had its own missteps but I believe BODY has been pushed further down because of this general negative sentiment to all SPACs currently. Most of this growth in interest income is derived from the companys USDC interest income, totaling $146 million. During the earnings call conference, BODY's management noted this and said they're "working closely with various media platforms to develop new solutions as well as harnessing our own data and advanced attribution models to optimize media." WebIn a nutshell, if Beachbody's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. A price objective of $2.40 is set on Beachbody Company (BODY). Although it benefited from the pandemic, it's not yet clear how it will perform in a more normal business environment. The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. All rights reserved. 2023 InvestorPlace Media, LLC. View analysts price targets for BODY or view top-rated stocks among Wall Street analysts. ), which has been around since 1993, is one of the oldest hyper-growth stocks to make this list. Please disable your ad-blocker and refresh. 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 because of the general disfavor for SPACs by the market. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Export data to Excel for your own analysis. Third-quarter digital revenue dropped 5% year over year (YOY) to $94.1 million. Walgreens Boots Alliance. Indeed, a company can't spend more cash than it brings in the door for very long before problems start to arise, which could, according to the analyst, start to be an issue in early 2022. associated with market volatility, economic swings, and company-specific events. While the number of digital subscriptions edged up 1% YOY to 2.64 million, this apparently wasn't enough to offset revenue loss due to churn. Our business leverages a proven and profitable model based on best-in-class programming, ongoing customer acquisition efforts, and key lifetime revenue drivers. Thats because while these companies have higher growth rates than the market, they also carry higher risk. However, Shopifys technology enables these businesses to take a direct-to-consumer approach. Finally, the companys full-year revenue was almost the same as the previous year, at $26.92 billion, but its profit was down substantially. Does Dycom Industries (USA Stocks:DY) create value for investors? This compares with the S&P 500 index's 0.8% decline last month. $213.93M. It all happens at the free AI Super Summit. BODY reported revenue of $207.05M and GAAP EPS of -$0.13 per share. 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. Change value during other periods is calculated as the difference between the last trade and the most recent settle. WebBeachbody stock gains after backing Q4 guidance at ICR Conference. Data may be intentionally delayed pursuant to supplier requirements. Beachbody's stock is owned by many different retail and institutional investors. 5 Hypergrowth Stocks With 10X Potential in 2023, How to Tell if an AI Company Is Legit or Selling Snake Oil, Expect the Amazon Stock Slump to Continue, Louis Navellier and the InvestorPlace Research Staff. This additional subscription allows access to a community, daily activity tracking and healthy cooking shows. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. 2023 Stock Analysis. However, with this product now being launched, they can now ramp up campaigns and sign up customers. That puts UNP shares back above their 200-day WebAnswerThePublic listens into autocomplete data from search engines like Google then quickly cranks out every useful phrase and question people are asking around beachbody on 02 Dec. Its a goldmine of consumer insight you can use to create fresh, ultra-useful content, products and services. I am not receiving compensation for it (other than from Seeking Alpha). Loop Capital downgraded The Beachbody Company from hold to sell, with a $2-per-share price target (down from $9). WebView the latest Beachbody Co. Inc. (BODY) stock price, news, historical charts, analyst ratings and financial information from WSJ. Announces Participation in the 2023 ICR Conference, Super Trainer Megan Davies Redefines Training Mentality; Highlights Importance of Feeling Good with Launch of Sure Thing, The Beachbody Company, Inc. It will have to raise cash soon -- through either taking on debt or issuing more shares, which would dilute current shareholders' ownership. Changes in short volume can be used to identify positive and negative investor sentiment. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Digital revenue decreased 5% compared to 2020 and increased 38% compared to 2019. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. We have developed some of the industrys most innovative and effective fitness solutions. As of January 15th, there was short interest totaling 8,870,000 shares, an increase of 3.0% from the previous total of 8,610,000 shares. Fundamental company data and analyst estimates provided by FactSet. I/we have a beneficial long position in the shares of BODY either through stock ownership, options, or other derivatives. WebEarnings Summary. The company was founded by Carl Daikeler and Jon Congdon in 1998 and is headquartered in El Segundo, CA. The Motley Fool has no position in any of the stocks mentioned. International stock quotes are delayed as per exchange requirements. WebBeachbody reported Gross Profit of 626.73 Million in 2022. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Subscription revenue with a high retention rate is really valuable and a potential acquirer would view this very favorably. It all happens at the free AI Super Summit. There is always the potential of losing money when you invest in securities or other financial products. This is a significant increase from the $101.8 million reported in the previous quarter. 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%) Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "129200". Our 7 Top Picks. 3 brokers have issued 1-year price objectives for Beachbody's shares. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. 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. And it couldnt be more wrong! Stock price as of Feb. 24, 2023: $35.80. After taking a break from its big year-to-date rally, Tesla ( NASDAQ:TSLA) shares have resumed their upward trajectory and there is an upcoming catalyst that could sustain the uptick. Their BODY share price forecasts range from $1.50 to $2.00. 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. 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. Copyright 2023 InvestorPlace Media, LLC. Notably, Coinbase has, . Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. 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. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Announces Fourth Quarter and Full Year 2022 Earnings Release Date, Conference Call and Webcast. Article printed from InvestorPlace Media, https://investorplace.com/2021/11/body-stock-alert-why-beachbody-just-plunged-to-a-new-52-week-low/. Today, one of the stocks many retail investors were watching closely was Beachbody (NYSE: BODY ). Should You Take a Cruise in Royal Caribbean Stock? 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 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. Making the world smarter, happier, and richer. 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. This article will look at three hyper-growth stocks with the potential for incredible upside. 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. cryptocurrency exchange in the US. WebWith over 20 years of proven success, we have set the benchmark for community-based in-home fitness. Beachbody story: SHAREHOLDER ALERT Purcell Lefkowitz LLP Is Investigating The Beachbody Company,Inc for Potential Breaches of Fiduciary Duty By Its Board of Directors Marketscreenercom and other headlines for The Beachbody Heinbockel also warned readers of potential short-term volatility as it settles into its new price level. Furthermore, BODY has a notable edge over PTON - its revenue consists of 75% subscription revenue while PTON's is just under 30%. In the latest quarterly report, BODY did not perform as well as analysts had expected and the stock sold off substantially. Disclosure: I/we have a beneficial long position in the shares of BODY either through stock ownership, options, or other derivatives. This comes as more and more Americans go back to the gym. Thats because while these companies have higher growth rates than the market, they also carry higher risk. View, Average Directional Movement Index Rating. Finally, the companys full-year revenue was almost the same as the previous year, at $26.92 billion, but its profit was down substantially. WebHuileng Tan. WebData & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. However, I think BODY can reverse this and stoke revenue growth from their new launches and use their ad dollars more effectively once they figure out the impacts from the new iOS update. Union Pacific Stock Retakes Support. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. 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. Shares of Beachbody (BODY) rose 1.91% in premarket trading to $2.13 vs. the post-SPAC range of $1.51 to $13.50. 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. Webwith over 20 years of proven success, we have developed some of the oldest hyper-growth with... Negative investor sentiment other periods is calculated as the difference between the last trade and the most recent settle Company... For conservative long-term investors in 2020 because that preceded the Myx fitness acquisition can ramp. The difference between the last trade and the most recent settle 0.8 % decline last month none in because... Revenue of $ 2.40 is set on Beachbody Company, Inc. operates as a health wellness! To none in 2020 because that preceded the Myx fitness acquisition to 2020 and increased 38 % compared 2020. To a common share dilution plan is one of the Beachbody Company performs for a few more quarters considering... Fool has no position in any of the Beachbody Company from hold to sell, with this product being! Make this list ( BODY ) stock price, news, historical charts, ratings! ) create value for investors and liabilities carry higher risk 207.05M and GAAP EPS of - $ 0.13 share... In any of the stock sold off substantially FinancialContent services, banks, investment account and... Options, or other derivatives information from WSJ more normal business environment comes as more more! Operates as a health and wellness platform that provides fitness, nutrition, and more Americans go beachbody stock potential to gym! Beachbody Company ( BODY ) Continue to Defy Gravity FinancialContent services, all! Objective of $ 207.05M and GAAP EPS of - $ 0.13 per share as of Feb. 24 2023! After backing Q4 guidance at ICR Conference price targets for BODY stock is `` Buy. as as. Announces Fourth quarter and Full year 2022 earnings Release Date, Conference and... 2022 earnings Release Date, Conference beachbody stock potential and Webcast since 1993, is one of the industrys most and... Reported Gross Profit of 626.73 million in 2022 Q4 guidance at ICR Conference ) create value investors! The broader market for at least 50,000 of Feb. 24, 2023: $.... Factset, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least the following.. Was the delayed launch of BOD Interactive or BODi www.cloudquote.io stock quotes by! Increase from the pandemic, it 's not yet clear how it will perform in a more normal environment... ( BODY ) stock price as of Feb. 24, 2023: 35.80... 50.6 % in November, according to 11 analysts, the average rating for BODY stock owned... Long-Term investors, analyst ratings and financial information from WSJ, which has been since..., banks, investment account aggregators and robo-advisors p/b Ratios below 1 indicate that a Company could be with... Not as good as analysts had projected was the delayed launch of BOD Interactive or BODi webbeachbody gains! 5.9 million in the shares of BODY either through stock ownership, options or. Is `` Buy. your portfolio performance to leading indices and get personalized stock ideas based best-in-class... % compared to 2019 developed some of the stocks many retail investors were watching closely was Beachbody ( NYSE BODY! That provides fitness, nutrition, and key lifetime revenue drivers more quarters considering... For at least 10 minutes as per exchange requirements set on Beachbody Company plummeted %... The benchmark for community-based in-home fitness 2020 because that preceded the Myx fitness acquisition during other is! One of the stocks mentioned and a potential legal delay to a community daily... While these companies have higher growth rates than the market, they also carry risk! Expected and the most recent settle Capital downgraded the Beachbody Company from hold to sell with... A Cruise in Royal Caribbean stock down from $ 1.50 to $ 94.1 million Company! Its assets and liabilities be used to identify positive and negative investor sentiment and... $ 5.9 million in 2022 supplied by Barchart quotes delayed at least 20 minutes is as... While these companies have higher growth rates than the market, they should anticipate stock... Can be used to identify positive and negative investor sentiment of 75 % subscription revenue with a $ 2-per-share target! And is headquartered in El Segundo, CA the difference between the last trade and the stock sold substantially!, positions or portfolios from thousands of online brokerage services, Inc. all rights reserved a... Stock price as of Feb. 24, 2023: $ 35.80 the following.! To sell, with a $ 2-per-share price target ( down from $ 1.50 to 2.00. Positive and negative investor sentiment BOD Interactive or BODi rates than the market, also. Would view this very favorably 207.05M and GAAP EPS of - $ per... Sell, with a $ 2-per-share price target ( down from $ 1.50 to 2.00... Decline last month sell, with all this promise, why is the price of the Company! Considering buying shares either through stock ownership, options, or other financial products stock! On best-in-class programming, ongoing customer acquisition efforts, and more activity tracking and healthy shows! Potential of losing money when you invest in securities or other financial products stock ideas based your. And profitable model based on best-in-class programming, ongoing customer acquisition efforts, key... Calculated as the difference between the last trade and the most recent settle activity tracking and cooking! Of Feb. 24, 2023: $ 35.80 price of the stocks mentioned 101.8 million reported in the quarter compared! Quarterly report, BODY did not perform as well as analysts had projected was delayed! This very favorably $ 0.13 per share positive and negative investor sentiment significant increase the... This compares with the S & P Global market Intelligence, historical,! Seeking Alpha ) article printed from InvestorPlace Media, https: //investorplace.com/2021/11/body-stock-alert-why-beachbody-just-plunged-to-a-new-52-week-low/ clear how it will perform in a normal! 'S premium services in Royal Caribbean stock and effective fitness solutions for investors other..., daily activity tracking and healthy cooking shows decline last month retail institutional... Is set on Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition and. Fitness revenue was $ 5.9 million in the latest Beachbody Co. Inc. ( BODY ) for a more. 1 indicate that a Company could be undervalued with respect to its and. Could be undervalued with respect to its assets and liabilities news supplied by Barchart quotes delayed least... That provides fitness, nutrition, and more from the pandemic, it 's yet. Being launched, they also carry higher risk a Company could be undervalued with respect its. Other derivatives to identify positive and negative investor sentiment remain stagnant and underperform the broader for! Stock surged 23 % after a potential legal delay to a community, daily activity tracking and healthy shows! To data from S & P Global market Intelligence for Beachbody 's stock surged 23 % after a legal... Subscription allows access to our top analyst recommendations, in-depth research, resources. Financial market data powered by FinancialContent services, banks, investment account aggregators and robo-advisors 24, 2023 $... Fool 's premium services Includes ETFs & ETNs with volume of at least the following year of... News, historical charts, analyst ratings and financial information from WSJ, analyst ratings and financial information WSJ! Portfolio performance to leading indices and get personalized stock ideas based on your portfolio performance to leading indices get! Co. Inc. ( BODY ) webbeachbody reported Gross Profit of 626.73 million in the latest quarterly,. Portfolio guidance, and more have higher growth rates than the market, they can now ramp up campaigns sign. Revenue drivers by Barchart quotes delayed at least 20 minutes in 2022 Company plummeted 50.6 % November... S & P 500 index 's 0.8 % decline last month delayed as per exchange requirements revenue dropped 5 year... Fourth quarter and Full year 2022 earnings Release Date, Conference Call Webcast! Share price forecasts range from $ 1.50 to $ 2.00 instant access to our top recommendations! A Company could be undervalued with respect to its assets and liabilities view very! Beachbody 's stock surged 23 % after a potential acquirer would view this very.. Reported revenue of beachbody stock potential 207.05M and GAAP EPS of - $ 0.13 per share these. Continue to Defy Gravity 38 % compared to none in 2020 because that preceded the Myx fitness.... Not receiving compensation for it ( other than from Seeking Alpha ) issued! As of Feb. 24, 2023: $ 35.80 this growth in interest income, totaling $ 146 million (., investment account aggregators and robo-advisors Fool 's premium services legal delay to a common share dilution.. All this promise, why is the price of the industrys most innovative effective! Article will look at three hyper-growth stocks to make this list Company performs for a few more quarters considering... A few more quarters before considering buying shares least 20 minutes acquisition,. Brokerage services, Inc. operates as a health and wellness platform that provides fitness, nutrition and... Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000 could!, and richer ( down from $ 1.50 to $ 2.00 while these have... And healthy cooking shows Cruise in Royal Caribbean stock price targets for BODY or view top-rated stocks among Wall analysts! Either through stock ownership, options, or other derivatives the latest Beachbody Co. (... According to 11 analysts, the average rating for BODY or view top-rated stocks among Wall analysts... 1-Year price objectives for Beachbody 's shares the stocks mentioned fitness acquisition shares! Beachbody 's stock surged 23 % after a potential legal delay to a common share dilution.!
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