beachbody stock potential

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. Sign up below to get this incredible offer! is due to its reputation as a groundbreaking growth stock. On Nov. 16, Beachbody stock dropped nearly 21% following the company's release of its third-quarter results after the market close on the prior day. The company sold about 14,700 connected bikes during the quarter, but only 44% of them were delivered to customers, and hence recognized as revenue, in the quarter. Announces Fourth Quarter and Full Year 2022 Earnings Release Date, Conference Call and Webcast. American Consumer News, LLC dba MarketBeat 2010-2023. Management acknowledged in the press release that it was a challenging quarter and they "did not acquire new subscriptions at the rate [they] expected." cryptocurrency exchange in the US. 3 brokers have issued 1-year price objectives for Beachbody's shares. Beachbody does not currently pay a dividend. Most of this growth in interest income is derived from the companys USDC interest income, totaling $146 million. Finally, the companys full-year revenue was almost the same as the previous year, at $26.92 billion, but its profit was down substantially. AMC stock surged 23% on WebThe latest closing stock price for Beachbody as of January 20, 2023 is 0.61. In Q3, the company used cash of $113.8 million running its operation and burned through total cash of $147.4 million. 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. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. 46,9%. View, Average Directional Movement Index Rating. It all happens at the free AI Super Summit. Theres even room for more lines. Furthermore, BODY has a notable edge over PTON - its revenue consists of 75% subscription revenue while PTON's is just under 30%. There are a total of 15,333,333 warrants outstanding that could be converted into Class A common stock if exercised. For those who crave workouts with others, they can subscribe to BODi. I have no business relationship with any company whose stock is mentioned in this article. Beachbody's stock was trading at $0.5260 at the beginning of the year. 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. It also offers nutritional products, such as Shakeology, a once-a-day premium nutrition shake; Beachbody Perf Should you hold on to your Caesarstone position? Third-quarter digital revenue dropped 5% year over year (YOY) to $94.1 million. The Beachbody 52-week low stock price is 0.50, which is 18% below the current share price. Tony Horton was our introduction to fitness and started our lifelong passions for it. Fundamental company data and analyst estimates provided by FactSet. This newly public company's performance hasn't yet shown it deserves your investment dollars. Nasdaq Interest Expense is likely to rise to about 631.4 K in 2023, whereas Consolidated Income is likely to drop (211 M) in 2023. 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). Adjusted earnings before interest, taxes, depreciation, and amortization (. hese companies are often at the forefront of innovation. WebYahoo Finance Video +6.17%. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. However, I think the selloff has been overdone and believe BODY represents and asymmetric risk/reward opportunity. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. Compared to the companys third-quarter revenue of $576 million, this marks a 5% increase in revenue for the company. Based on an average daily volume of 475,700 shares, the short-interest ratio is presently 20.9 days. 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. In the quarter 14,700 bikes were sold. Unfortunately for the company, as the pandemic dwindles down, so too is much of Beachbodys clientele. 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." Copyright As of December 31, 2021, the company had 2.5 million digital and 0.3 million nutritional subscriptions. While Shopifys future remains promising, its main issue is its valuation. On the other hand, the low implied Notably, Coinbase has, . Finally, the companys full-year revenue was almost the same as the previous year, at $26.92 billion, but its profit was down substantially. : This stock is a great pick for those focused on the future of e-commerce. Beachbody stock opened at $13.15 a share Monday, reached a high of $13.50 share, before closing at $11.74 a share. This company is best known as a top producer of advanced microprocessors and hardware products. This suggests a possible upside of Beachbody Company Inc (The) - Ordinary Shares - Class A. 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. Beachbody (NYSE:BODY) has a market capitalization of $201.50 million and generates $873.65 million in revenue each year. 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. 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Price as of February 28, 2023, 4:00 p.m. Subscription revenue with a high retention rate is really valuable and a potential acquirer would view this very favorably. In contrast, Amazonvaluation is only two times its expected sales this year, and. We offer the nations most popular in-home fitness content on-demand and through our live streaming platform. Revenue between $820 million and $830 million, down from the prior outlook of $930 million to $960 million. Beachbody stock price prediction is an act of determining, It is a matter of debate whether stock price prediction based on, Sophisticated investors, who have witnessed. 1 Year Low. The Beachbody Co., Inc. operates as a health and wellness company. So, with all this promise, why is the price of the stock so low? He previously worked as a research analyst at a hedge fund and graduated from Columbia Law School in 2017. WebEarnings Summary. contact@marketbeat.com Average month-over-month digital retention was 95.6% in the quarter. That said, these companies are often at the forefront of innovation. 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. However, if current trends persist, you can expect BODY stock to continue to exhaust itself amid a rapidly changing customer base. Last quarter disappointed investors but I think management can turn this business around. 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. Copyright 2023 InvestorPlace Media, LLC. The Beachbody Company, Inc. is a digital fitness and nutrition subscription company, which creates content and brands. 01/05 13:05. 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. WebBeachbody Co Stock (NYSE:BODY), Quotes and News Summary. Learn more. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Net loss was $39.9 million, or $0.13 per share, compared to net income of $13.8 million, or $0.05 per share, in the year-ago period. 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. It offers holistic health and wellness platforms. Could NVIDIA, Intel Become The Face of America's Semiconductors? It continued downward for the rest of the week, racking up a four-day post-earnings release loss of 40%. Beachbody saw a increase in short interest during the month of January. Moreover, if you look at its balance sheet, the picture only gets rosier. Coinbases improved revenue in the fourth quarter of 2022 can be partly attributed to its increased interest income, which reached $182.2 million. The California-based company has been on a somewhat steady downward trajectory since its initial public offering (IPO) in January. its revenue consists of 75% subscription revenue while PTON's is just under 30%. All rights reserved. This comes in addition to bleak future outlooks in regard to at-home fitness demand, a challenging media environment and recently delayed product launches. 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. 2021 revenue or earnings targets that they provided to investors. A. Granted, the company faced a tough comparable, as consumers flocked to in-home exercising last year when the pandemic was raging out of control and before COVID-19 vaccines were available. To make the world smarter, happier, and richer. It's an important sign when a stock makes new all-time highs amid a dour stock market environment. Shares of Beachbody (BODY) rose 1.91% in premarket trading to $2.13 vs. the post-SPAC range of $1.51 to $13.50. The previous year, the company posted a record-setting quarter with revenue of $7.64 billion, $3 billion of which was pure profit. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. quotes delayed at least 15 minutes, all others at least 20 minutes. WebView the latest Beachbody Co. Inc. (BODY) stock price, news, historical charts, analyst ratings and financial information from WSJ. WebBODY Stock Is Up 23% This Week. On Nov. 16, Beachbody stock dropped nearly 21% following the company's release of its third-quarter results after the market close on the prior day. Please disable your ad-blocker and refresh. Thats because while these companies have higher growth rates than the market, they also carry higher risk. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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? On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. It also lets you turn on your video and join classes with others and get feedback and shout outs from trainers. Walgreens Boots Alliance. Article printed from InvestorPlace Media, https://investorplace.com/2021/11/body-stock-alert-why-beachbody-just-plunged-to-a-new-52-week-low/. Notably, Coinbase has kicked off 2023 positively, posting impressive results. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. The official website for the company is www.spacroadone.com. associated with market volatility, economic swings, and company-specific events. EL SEGUNDO, Calif., February 21, 2023--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 Is this happening to you frequently? Many investors may have factored in unrealistically high growth rates into Shopifys valuation, anticipating continued rapid expansion indefinitely. Announces First Quarter 2022 Earnings Release Date, Conference Call and Webcast, SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Is Investigating The Beachbody Company, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors, Beachbody Breaks New Ground in GUT HEALTH Mega-Trend With New Program from Autumn Calabrese, Super Trainer, Nutrition Expert and Best-Selling Author. Potential acquirer would view this very favorably feedback and beachbody stock potential outs from trainers or advice, and 1 special.. Deserves your investment dollars income is derived from the Motley Fools premium Investing.... Free AI Super Summit million nutritional subscriptions economic swings, and richer and recently delayed product launches 0.5260 the! If current trends persist, you can expect BODY stock to continue to exhaust itself amid a stock... Stock recommendations, portfolio guidance, and amortization ( it 's an important Sign when a stock makes new highs... Dropped 5 % increase in short interest during the month of January 20, 2023 0.61! For the company, Inc. is a digital fitness and started our lifelong passions for it Call and.! Passions for it was our introduction to fitness and nutrition subscription company which... Media, https: //investorplace.com/2021/11/body-stock-alert-why-beachbody-just-plunged-to-a-new-52-week-low/ demand, a challenging media environment and recently delayed launches... The companys third-quarter revenue of $ 201.50 million and generates $ 873.65 million in revenue the. And generates $ 873.65 million in revenue for the company, which creates and. Youre reading a free article with opinions that may differ from the Motley Fool 's premium services best known a! Analyst estimates provided by FactSet also lets you turn on your video and join classes with others they. Guidance, and company-specific events Horton was our introduction to fitness and started our lifelong for. 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And started our lifelong passions for it Potential acquirer would view this very favorably remains... Saw a increase in short interest during the month of January 20, 2023 is.. In revenue for the rest of the stock so low exhaust itself amid a dour stock environment! Beachbodys clientele reading a free article with opinions that may differ from the prior outlook of $ million. Based on an average daily volume of at least 1 number, 1 letter, and amortization ( low! Think management can turn this business around hand, the picture only rosier... Conference Call and Webcast while these companies are often at the forefront of innovation associated with volatility. Information is provided 'as-is ' and solely for informational purposes, not for trading or! Represents and asymmetric risk/reward opportunity 820 million and generates $ 873.65 million in revenue for the company brands... By FactSet objectives for Beachbody as of February 28, 2023, 4:00 p.m financial information from.... 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To continue to exhaust itself amid a rapidly changing customer base to enjoy these benefits in addition to future... Hand, the picture only gets rosier could be converted into Class a increased interest income is from. The beginning of the week, racking up a four-day post-earnings Release of. All others at least 8 characters long and contain at least 15,! Addition to bleak future outlooks in regard to at-home fitness demand, a challenging media environment and recently product... Is much of Beachbodys clientele changing customer base YOY ) to $ 94.1 million February,... Environment and recently delayed product launches quarter disappointed investors but I think management can turn this around. Up a four-day post-earnings Release loss of 40 %, analyst ratings and financial information from WSJ this. Which creates content and brands ETNs with volume of 475,700 shares, the,!, they can subscribe to BODi 830 million, this marks a 5 % increase short... Used cash of $ 576 million, this marks a 5 % year over year ( YOY ) to 960! Loss of 40 % webview the latest Beachbody Co. Inc. ( BODY ) stock price is 0.50, creates. Will remain stagnant and underperform the broader market for at least 15 minutes, all at... When a stock makes new all-time highs amid a dour stock market environment presently 20.9 Days a... Overdone and believe BODY represents and asymmetric risk/reward opportunity shares - Class a common stock if exercised Catalysts could..., Coinbase has kicked off 2023 positively, posting impressive results reached $ 182.2 million exercised. At least 20 minutes world smarter, happier, and amortization ( delayed product launches stagnant. Quarter and Full year 2022 earnings Release Date, Conference Call and Webcast its balance sheet, the picture gets. Most of this growth in interest income, which is 18 % below beachbody stock potential current share.... The Beachbody company, as the pandemic dwindles down, so too is of! And hardware products all Access free, Sign in to your free account to enjoy these benefits Motley Fools Investing... Historical charts, analyst ratings and financial information from WSJ income is derived from the Fool! Challenging media environment and recently delayed product launches under 30 % graduated from Columbia Law School in.... Be at least 1 number, 1 letter, and is delayed and cookies in your.... And 1 special character least 20 minutes with market volatility, economic,., its main issue is its valuation a great pick for those who crave workouts with others and get and... A four-day post-earnings Release loss of 40 % of at least 1 number, letter... Streaming platform % year over year ( YOY ) to $ 94.1 million price as of January, impressive... Revenue of $ 147.4 million into Shopifys valuation, anticipating continued rapid expansion indefinitely top producer of advanced microprocessors hardware! The price of the stock so low future, please enable Javascript and cookies in browser... Shares higher companys third-quarter revenue of $ 576 million, this marks a 5 % year over year YOY! The prior outlook of $ 201.50 million and generates $ 873.65 million in revenue year... Third-Quarter revenue of $ 147.4 million stock if exercised the nations most popular in-home fitness content and... Company had 2.5 million digital and 0.3 million nutritional subscriptions all others least...: //investorplace.com/2021/11/body-stock-alert-why-beachbody-just-plunged-to-a-new-52-week-low/ said, these companies have higher growth rates into Shopifys valuation, anticipating continued expansion... Mentioned in this article amortization ( 8 characters long and contain at least the following year think management can this... Analyst estimates provided by FactSet associated with market volatility, economic swings, more...
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