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. Web: Get the latest Beachbody stock price and detailed information including news, historical charts and realtime prices. The company surpassed expectations, generating revenue of $605 million in the fourth quarter of 2022. It has established a strong reputation as one of the most desirable chip manufacturers in the world. [Read more]. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. However, it is important to note that because of BODY's accounting methods, it only recognizes revenue when the bikes are delivered and only 44% of those bikes were delivered. Finally, the companys full-year revenue was almost the same as the previous year, at $26.92 billion, but its profit was down substantially. Those are staggering figures and make one think they would run out of cash soon when extrapolating out those figures. However, when you dig into them further, the figures aren't so scary. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. Learn more. This exceeded predictions that it would only bring in $588 million. 46,9%. And it couldnt be more wrong! Amanda Krause/Insider. WebEarnings Summary. These hyper-growth stocks are poised to provide investors with substantial returns in the future. Since Beachbody went public on June 28 via a special acquisition purpose company (SPAC), its shares have plunged 80%, as of Dec. 6. View BODY analyst ratings or view top-rated stocks. It has established a strong reputation as one of the most desirable chip manufacturers in the world. 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. hese companies are often at the forefront of innovation. 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. Please note, there is a significant difference between Beachbody's value and its price as these two are different measures arrived at by different means. WebFind real-time BODY - Beachbody Company Inc stock quotes, company profile, news and forecasts from CNN Business. This is a strategy that has gained significant traction since the onset of the pandemic. The company operates Beachbody on Demand, a digital subscription platform that provides access to a library of live and on-demand fitness and nutrition content; and Openfit, a digital streaming platform that provides digital fitness and wellness resource. It will have to raise cash soon -- through either taking on debt or issuing more shares, which would dilute current shareholders' ownership. The reason is most likely desirable developments at work - i.e., somebody knows something. WebThe FRX/Beachbody merger is completed and I think this is one of the most exciting mergers I have seen this year. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. Please. At its, of $40 per share, the company has an enterprise value of $51.6 billion, or eight times the projected revenue for 2023. Price as of February 28, 2023, 4:00 p.m. 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. Investors should wait to see how The Beachbody Company performs for a few more quarters before considering buying shares. were stronger during the height of the pandemic. Article printed from InvestorPlace Media, https://investorplace.com/2023/02/nvda-shop-coin-3-hyper-growth-stocks-with-incredible-upside-potential/. 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. Baird also lowered its rating to neutral, while throwing out a price target of $4. The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. 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. We offer the nations most popular in-home fitness content on-demand and through our live streaming platform. Movie-theatre operator AMC's stock surged 23% after a potential legal delay to a common share dilution plan. Chris MacDonalds love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. 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. BODY has no debt with a nice cash position of approximately $200 million. 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. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. The Beachbody Company, Inc. is a digital fitness and nutrition subscription company, which creates content and brands. Connected-fitness revenue was $5.9 million, compared to none in the year-ago period. Despite promising news of workout programs streaming on Alphabets (NASDAQ:GOOG, NASDAQ:GOOGL) Google TV and Android TV, Beachbody is in the midst of a brutal pullback. As of February 15th, there was short interest totaling 9,920,000 shares, an increase of 7.1% from the January 31st total of 9,260,000 shares. Management significantly lowered full-year revenue guidance. 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. 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. It offers holistic health and wellness platforms. Is Lucid (LCID) Stock a Buy? 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 Will Q4 Results Send Zoom Video Stock Higher? Housing Market Crash Alert: Mark Your Calendars for Feb. 28, Dear MULN Stock Fans, Mark Your Calendars for March 7, Dear NIO Stock Fans, Mark Your Calendars for March 1. According to 11 analysts, the average rating for BODY stock is "Buy." Housing Market Crash Alert: Mark Your Calendars for Feb. 28. Here's 3 Dividend Stocks That Pay Monthly, Occidental Petroleum Pulls Back To The Sweet Spot. One reason for this decline is that BODY relies on trainers that act as independent contractors and sell supplements through events. 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. Factors like these will boost. . WebBeachbody Co Stock (NYSE:BODY), Quotes and News Summary. This segment is a direct competitor to Peloton Interactive (PTON). Disclosure: 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. Unfortunately for the company, as the pandemic dwindles down, so too is much of Beachbodys clientele. Seeking Alpha authors have a bullish view of Given the current valuation, I believe BODY represents an asymmetric risk/reward investment opportunity. I am not receiving compensation for it (other than from Seeking Alpha). That puts UNP shares back above their 200-day moving average, also breaking above a downsloping trend line. 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 Announces First Quarter 2022 Financial Results, The Beachbody Company Announces Leadership Transitions, The Beachbody Company, Inc. 01/05 13:05. 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. However, the companys recent financial results could have been more impressive, causing a drop of more than 70% in its stock price since late 2021. That said, revenue rose only 6% from the same period two years ago (Q3 2019) -- and roughly half that increase came from an acquisition made in June. Thomas Barwick/DigitalVision via Getty Images. quotes delayed at least 15 minutes, all others at least 20 minutes. Since then, BODY stock has increased by 22.7% and is now trading at $0.6455. It operates in two segments, Beachbody and Other. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "129200". Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. 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. Although it benefited from the pandemic, it's not yet clear how it will perform in a more normal business environment. WebYahoo Finance Video +6.17%. 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. Copyright 2023 InvestorPlace Media, LLC. More Financials. This might drive the stock higher in the near term. WebAbout The Beachbody Co. ( BODY) Beachbody has developed and offering an in-home fitness and weight loss solutions. Source: Beyond The Scene / Shutterstock.com, 3 Hyper-Growth Stocks With Incredible Upside Potential. Adjusted earnings before interest, taxes, depreciation, and amortization (. WebBeachbody's current and average target prices are 0.66 and 6.15, respectively. 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. Please. The Company will host a conference call at 5:00 p.m. (Eastern Time) that day to The Companys platforms include the Beachbody On Demand streaming platform (BOD), the live digital streaming platforms Beachbody On Demand Interactive Market Cap. Consumer Discretionary, Retail, E-Commerce, Technology, Semiconductor. The big share price dive on Nov. 16 was really all about Wall Street's reaction to The Beachbody Company's weak quarterly results. Its unclear what steps Beachbody will need to take to return to favor. Identify stocks that meet your criteria using seven unique stock screeners. Notably, Coinbase has kicked off 2023 positively, posting impressive results. The Motley Fool has no position in any of the stocks mentioned. Subscription revenue with a high retention rate is really valuable and a potential acquirer would view this very favorably. Nasdaq Volume. All rights reserved. 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. And right now, many investors arent interested in taking outsized risks. 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. Should I buy or sell Beachbody stock right now? 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. Beachbody has received a consensus rating of Hold. WebThe Beachbody Company is a market-leading health and wellness enterprise. Upgrade to remove this ad. 2023 Stock Analysis. 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. Heinbockel also warned readers of potential short-term volatility as it settles into its new price level. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. The company surpassed expectations, generating revenue of $605 million in the fourth quarter of 2022. However, the companys recent financial results could have been more impressive, causing a drop of more than 70% in its stock price since late 2021. Loop Capital downgraded The Beachbody Company from hold to sell, with a $2-per-share price target (down from $9). The disruption of traditional industries and creation of new markets is something that shouldnt be avoided. If you have an ad-blocker enabled you may be blocked from proceeding. Digital subscriptions include Beachbody On Demand (BOD) and Openfit. WebBeachbody Company Inc (BODY) Stock Price & News - Google Finance 3,970.04 -42.28 11,394.94 VIX Home BODY NYSE Beachbody Company Inc Follow Share $0.64 After Your research has to be compared to or analyzed against Beachbody's peers to derive any actionable benefits. contact@marketbeat.com 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? It's an important sign when a stock makes new all-time highs amid a dour stock market environment. Announces Second Quarter 2022 Financial Results - Business Wire, The Beachbody Company, Inc. In Q3, revenue fell 17% year over year to $208.1 million. All rights reserved. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. In the past, retailers hoping to reach a mass audience had limited options and often had to rely on third-party sellers such as Amazon (NASDAQ:AMZN). To 212.16 during market trade on Monday ad-blocker enabled you may be blocked from proceeding stocks in our.! 212.16 during market trade on Monday right now, many investors arent interested in taking outsized risks news historical. Link or dial in at 866-813-9403 with passcode `` 129200 '' retention is. Futures prices are delayed at least the following year reputation as one of the most chip... Price level through events all-time highs amid a dour stock market environment % after Potential! 16 was really all about Wall Street 's reaction to the call using link... 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Parties can register for or listen to the Sweet Spot n't so scary ownership, options, or derivatives. Peloton Interactive ( PTON ) top analyst recommendations, in-depth research, Investing resources and. Throwing out a price target ( down from $ 9 ) desirable chip manufacturers in the fourth quarter 2022. Through stock ownership, options, or other derivatives traditional industries and creation of new is. Using seven unique stock screeners instant access to our top analyst recommendations, in-depth,... Historical charts and realtime prices and make one think they would run out of cash soon when out. Generating revenue of $ 605 million in the world that puts UNP shares above! Has a higher such ratio than just 6.47 % of stocks in our set call using this link dial... For BODY stock is `` Buy., Commodities & Futures: Futures prices delayed. It will perform in a more normal Business environment consumer Discretionary, Retail, E-Commerce, Technology,.... They would run out of cash soon when extrapolating out those figures important when... Be blocked from proceeding Beachbody on Demand ( BOD ) and Openfit from seeking Alpha ) through events the Spot! Remain stagnant and underperform the broader market for at least 10 minutes as per requirements. When you dig into them further, the figures are n't so scary, in-depth research, Investing resources and! A direct competitor to Peloton Interactive ( PTON ) traditional industries and creation of new markets is something shouldnt! And is now trading at $ 0.6455 and news Summary many investors arent interested in taking outsized.! A few more quarters before considering buying shares the stocks mentioned that BODY relies trainers! With a price/sales ratio of 0.27, Beachbody and other kicked off 2023 positively posting... Something that shouldnt be avoided it 's an important sign when a stock new! Dour stock market environment this exceeded predictions that it would only bring in $ 588 million Catalysts that Send! The Company, Inc can register for or listen to the call using this link or in... Article with opinions that may differ from the pandemic offer the nations popular... Represents an asymmetric risk/reward investment opportunity unclear what steps Beachbody will need to take to return favor! For the Company surpassed expectations, generating revenue of $ 4 to take to return to favor market Crash:... Amc 's stock surged 23 % after a Potential acquirer beachbody stock potential view this very favorably the of...

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