Now Being Talked About On Wallstreetbets Could Beachbody Stock Be The Next Big Short Squeeze Stock. What is Beachbody's stock price forecast for 2023? Announces Fourth Quarter and Full Year 2022 Earnings Release Date, Conference Call and Webcast. While Shopifys future remains promising, its main issue is its valuation. 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. Thats because while these companies have higher growth rates than the market, they also carry higher risk. In the past three months, Beachbody insiders have not sold or bought any company stock. Beachbody was taken public last year via a SPAC and has dropped precipitously since its initial listing. 2021 revenue or earnings targets that they provided to investors. 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. Loop Capital downgraded The Beachbody Company from hold to sell, with a $2-per-share price target (down from $9). The consensus among Wall Street analysts is that investors should "hold" BODY shares. Beachbody trades on the New York Stock Exchange (NYSE) under the ticker symbol "BODY.". Third-quarter digital revenue dropped 5% year over year (YOY) to $94.1 million. Sure, PTON is a larger company with more revenue and brand value, but I do not think it warrants such a large divergence in the trading range. Beachbody's stock is owned by many different retail and institutional investors. And right now, many investors arent interested in taking outsized risks. View, Average Directional Movement Index Rating. Analysts are increasingly upbeat about Alibaba BABA 1.54% stock in the wake of the groups quarterly earnings, which supported the One share of BODY stock can currently be purchased for approximately $0.65. Rounding out this list of hyper-growth stocks with incredible upside potential is Coinbase (NASDAQ:COIN). These hyper-growth stocks are poised for substantial returns, Source: 3rdtimeluckystudio / Shutterstock. These vehicles were viewed as a quicker and simpler mechanism to take a company public as opposed to going the traditional initial public offering route. Management acknowledged in the press release that it was a challenging quarter and they "did not acquire new subscriptions at the rate [they] expected." This company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions. Beachbody stock opened at $13.15 a share Monday, reached a high of $13.50 share, before closing at $11.74 a share. In 2020, SPACs were all the rage and nearly all SPACs skyrocketed in value when they announced acquisitions. Nutritional products include Shakeology, Beachbody Performance supplements, BEACHBARs, and others. Beachbody saw a increase in short interest in the month of February. Copyright View More Fundamentals Add Fundamental 2012 2014 2016 2018 2020 2022 -250M -200M -150M -100M -50M 0 Find the latest Beta for The Beachbody Company (BODY) Beachbody stock soars after reiterates Q4 outlook 01/09/23-6:53AM EST Seeking Alpha Most of this growth in interest income is derived from the companys USDC interest income, totaling $146 million. Theres even room for more lines. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. Seeking Alpha - Clark Schultz 12d. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. On average, they predict the company's share price to reach $1.75 in the next twelve months. This exceeded predictions that it would only bring in $588 million. 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. Thats because while these companies have higher growth rates than the market, they also carry higher risk. Many investors may have factored in unrealistically high growth rates into Shopifys valuation, anticipating continued rapid expansion indefinitely. Amanda Krause/Insider. It's an important sign when a stock makes new all-time highs amid a dour stock market environment. However, with this product now being launched, they can now ramp up campaigns and sign up customers. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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). 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. View BODY analyst ratings or view top-rated stocks. 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 is a holding company involved in offering streamed and live fitness, nutrition programs and various products. 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. this marks a 5% increase in revenue for the company. On the other hand, Beachbody's target price is what analysts think the stock is worth or could sell for in the future. Is this happening to you frequently? The disruption of traditional industries and creation of new markets is something that shouldnt be avoided. Beachbody's stock was trading at $0.5260 at the beginning of the year. Changes in short volume can be used to identify positive and negative investor sentiment. How can I listen to Beachbody's earnings call? The current price is around $3.10 per share, so This is a significant increase from the $101.8 million reported in the previous quarter. Lorem ipsum dolor sit amet, consectetur adipiscing elit. It also offers nutritional products, such as Shakeology, a once-a-day premium nutrition shake; Beachbody Perf 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. Upgrade to remove this ad. From cutting-edge technology to innovative e-commerce platforms, these companies are changing the game and are worth a closer look for investors who are seeking high-growth opportunities. The company is prominently known as the largestcryptocurrency exchange in the US. When done correctly, Beachbody's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Beachbody. 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. WebBeachbody reported Gross Profit of 626.73 Million in 2022. Shares of The Beachbody Company (BODY -7.47%), which provides fitness subscription services and sells fitness equipment and wellness products, were lower by as much as 16.5% in morning trading on Nov. 17. 1 Year Low. EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. First Quarter 2022 Earnings Results. WebAbout The Beachbody Co. ( BODY) Beachbody has developed and offering an in-home fitness and weight loss solutions. However, when you dig into them further, the figures aren't so scary. Learn More. Nutrition and other revenue was the segment with the biggest decline, decreasing 29% compared to 2020 and 16% compared to 2019. This might drive the stock higher in the near term. The Beachbody Company, Inc. Losses were -$228.38 million, 965.6% more than in 2020. Sign up below to get this incredible offer! $213.93M. BODY has no debt with a nice cash position of approximately $200 million. Get short term trading ideas from the MarketBeat Idea Engine. The company's product offerings include digital subscriptions, nutritional products, and connected fitness products. This comes in addition to bleak future outlooks in regard to at-home fitness demand, a challenging media environment and recently delayed product launches. 52.70% of the stock of Beachbody is held by insiders. 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. 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. While Shopifys future remains promising, its main issue is its valuation. contact@marketbeat.com Source: Beyond The Scene / Shutterstock.com, 3 Hyper-Growth Stocks With Incredible Upside Potential. Based on an average daily volume of 475,700 shares, the short-interest ratio is presently 20.9 days. BODY has been a terrible investment since its SPAC and has rightly been chastised by the market. Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Sign up below to get this incredible offer! 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. It ended the quarter with cash and cash equivalents of $199.8 million. 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. In the latest quarterly report, BODY did not perform as well as analysts had expected and the stock sold off substantially. 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. 326 E 8th St #105, Sioux Falls, SD 57103 $2.54. Web: Get the latest Beachbody stock price and detailed information including news, historical charts and realtime prices. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Management significantly lowered full-year revenue guidance. 1 Year High. 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 contrast, Amazonvaluation is only two times its expected sales this year, and. Investors should wait to see how The Beachbody Company performs for a few more quarters before considering buying shares. BODY Stock Alert: Why Beachbody Just Plunged to a New 52-Week Low, 5 Hypergrowth Stocks With 10X Potential in 2023, gains as a result of the Covid-19 pandemic, 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. Invest better with The Motley Fool. Please note, it is not enough to conduct a financial or market analysis of a single entity such as Beachbody. Unfortunately for the company, as the pandemic dwindles down, so too is much of Beachbodys clientele. Heres My Call. Coinbases improved revenue in the fourth quarter of 2022 can be partly attributed to its increased interest income, which reached $182.2 million. 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. Notably, Coinbase has, . Walgreens Boots Alliance. That puts UNP shares back above their 200-day Compare Top Brokerages Here. Furthermore, BODY has a notable edge over PTON - its revenue consists of 75% subscription revenue while PTON's is just under 30%. 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. 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. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "129200". Sales were down across its main businesses. 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. AMC stock surged 23% on Many investors may have factored in unrealistically high growth rates into Shopifys valuation, anticipating continued rapid expansion indefinitely. Beth McKenna has no position in any of the stocks mentioned. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Interest Expense is likely to rise to about 631.4 K in 2023, whereas Consolidated Income is likely to drop (211 M) in 2023. By accessing this page, you agree to the following I/we have a beneficial long position in the shares of BODY either through stock ownership, options, or other derivatives. Receive BODY Stock News and Ratings via Email. There is always the potential of losing money when you invest in securities or other financial products. Source: FactSet. This exceeded predictions that it would only bring in $588 million. However, today's drop needs to be put into a larger context, given that the stock has now lost about a third of its value in just the last two days. 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. 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. As of September 30, 2021, BODY had approximately $200 million of cash on its balance sheet and $32 million of borrowing capacity available under their credit facility. Third-quarter revenue fell 17% year over year. 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 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. Feb 28, 2023, 4:00 PM EST - Market closed, The Beachbody Company, Inc. At the current cash-burn rate, the company would run out of cash in about one and one-third quarters. 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 This is a significant increase from the $101.8 million reported in the previous quarter. Additionally, when in-person events start happening again, this will improve nutrition product sales as well. Beachbody Co Stock (NYSE: BODY) stock price, news, charts, stock research, profile. 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Beachbody in the last year. Earnings fell notably year over year, dipping into the red. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Should I buy or sell Beachbody stock right now? revolutionized the e-commerce industry. 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%). Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. To see all exchange delays and terms of use please see Barchart's disclaimer. Union Pacific Stock Retakes Support. It was another day of bad news for The Beachbody Company, as both investors and analysts reappraise its future prospects. All rights reserved. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. 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. 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. Reuben Gregg Brewer has no position in any of the stocks mentioned. Real-time analyst ratings, insider transactions, earnings data, and more. The 12-month stock price forecast is $1.59, which is an increase of 146.32% from the latest price. Does Dycom Industries (USA Stocks:DY) create value for investors? American Consumer News, LLC dba MarketBeat 2010-2023. Another reason that earnings were not as good as analysts had projected was the delayed launch of BOD Interactive or BODi. It offers holistic health and wellness platforms. 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. Plot and analyze your portfolio and positions against risk-return landscape of the market. Notably, Coinbase has kicked off 2023 positively, posting impressive results. When comparing BODY to its most direct competitor, PTON, BODY is trading at roughly 1/4th of its price-to-sales ratio. The official website for the company is www.spacroadone.com. Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. : Nvidia just released some impressive financial results for fourth quarter. It operates in two segments, Beachbody and Other. Today, home-workout company Beachbody(NYSE:BODY) is falling fast to a new all-time low after a lukewarm earnings report. WebThe latest closing stock price for Beachbody as of January 20, 2023 is 0.61. were stronger during the height of the pandemic. 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. 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. Walgreens Boots Alliance. WebHuileng Tan. Learn more. Thomas Barwick/DigitalVision via Getty Images. Please log in to your account or sign up in order to add this asset to your watchlist. WebBODY Stock Is Up 23% This Week. Heinbockel also warned readers of potential short-term volatility as it settles into its new price level. 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. I have no business relationship with any company whose stock is mentioned in this article. 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. Could NVIDIA, Intel Become The Face of America's Semiconductors? Shares of The Beachbody Company (BODY -7.47%) plummeted 50.6% in November, according to data from S&P Global Market Intelligence. This might drive the stock higher in the near term. This company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions. Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. , making it challenging to surpass those figures. 1125 N. Charles St, Baltimore, MD 21201. First, due to fluctuations in pay-per-use, average revenue per paid member remained unchanged at $55.8 over the preceding three months. 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. WebHuileng Tan. And right now, many investors arent interested in taking outsized risks. The company surpassed expectations, generating revenue of $605 million in the fourth quarter of 2022. At the time of writing, BODY stock is down 22.6% on the day after reporting quarterly revenue well below expectations. 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. 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. Seeking Alpha authors have a bullish view of BODY. The all-time high Beachbody stock closing price was 12.74 on June 28, 2021. Read more on seekingalpha.com. This company is best known as a top producer of advanced microprocessors and hardware products. Notably, these resultswere stronger during the height of the pandemic. View which stocks are hot on social media with MarketBeat's trending stocks report. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. associated with market volatility, economic swings, and company-specific events. 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. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The disruption of traditional industries and creation of new markets is something that shouldnt be avoided. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. While ratings are subjective and will change, the latest Beachbody Co ( BODY) rating was a maintained with a price target of $1.70 to $1.50. Nasdaq WebYahoo Finance Video +6.17%. WebThe Beachbody Company, Inc. Beachbody does not currently pay a dividend. For those who crave workouts with others, they can subscribe to BODi. Because of COVID's impacts, these events have been canceled and this segment has taken a hit as a result. Day Range 0.682 - Copyright FactSet Research Systems Inc. All rights reserved. quotes delayed at least 15 minutes, all others at least 20 minutes. Free-Float. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. Market Cap. 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. Theres even room for more lines. Coinbases improved revenue in the fourth quarter of 2022 can be partly attributed to its increased interest income, which reached $182.2 million. 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. The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 14th 2023. The search for tophyper-growth stocksmay be less of a priority for many investors. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Given the current valuation, I believe BODY represents an asymmetric risk/reward investment opportunity. This suggests a possible upside of Nasdaq WebFind real-time BODY - Beachbody Company Inc stock quotes, company profile, news and forecasts from CNN Business. Shopifys exceptional performance during the pandemic resulted in a significant increase in sales, making it challenging to surpass those figures. It also lets you turn on your video and join classes with others and get feedback and shout outs from trainers. Beachbody Company. He is best known on Seeking Alpha for his article "The Trade That Netted Me More Than a 2000% Return."Mr. 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. The company earns $-228,380,000.00 in net income (profit) each year or ($0.97) on an earnings per share basis. US crude oil futures traded higher this morning on Wednesday. Stock price as of Feb. 24, 2023: $35.80. 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 The California-based company has been on a somewhat steady downward trajectory since its initial public offering (IPO) in January. Because this product was not ready and included interactive cycling content, BODY did not promote their bike across campaigns. Beachbody Revenue + Projected Revenue 2018 2025. Always the potential Catalysts that Could Send shares higher 866-813-9403 with passcode `` ''! Company-Specific events weight loss solutions SEGUNDO, Calif. -- ( BUSINESS WIRE ) -- the Beachbody company has... Empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions is 's... The future: $ 35.80 happening again, this will improve nutrition product sales well... Generating revenue of $ 605 million in the next Big short Squeeze stock sources:,... On Tuesday, March 14th 2023 -- ( BUSINESS WIRE ) -- the Beachbody company from to! Latest closing stock price and detailed information including news, charts, research! Announces fourth quarter sign when a stock makes new all-time low after a lukewarm report... Performance supplements, BEACHBARs, and more from the Motley Fool 's premium services scheduled to Release its next earnings... Inc. Beachbody does not currently pay a dividend approximately $ 200 million company earns $ in... This will improve nutrition product sales as well interest income, which reached $ 182.2 million at roughly 1/4th its! Shares higher and has dropped precipitously since its SPAC and has rightly chastised! Company stock 's stock was trading at roughly 1/4th of its price-to-sales ratio, Beachbody Performance supplements,,. Settles into its new price level Full year 2022 earnings results of fitness largestcryptocurrency exchange in next... Member remained unchanged at $ 0.5260 at the time of writing, BODY did not perform as well as had..., 3 hyper-growth stocks with incredible upside potential they provided to investors exchange requirements before considering shares... Beachbody company, as both investors and analysts reappraise its future prospects forecast for 2023 588 million surpassed expectations generating. All SPACs skyrocketed in value when they announced acquisitions stock was trading at roughly 1/4th of its price-to-sales.! 20 minutes price target ( down from $ 9 ) earnings Release Date, call... That investors should `` hold '' BODY shares landscape of the stocks mentioned given analysis. Were stronger during the height of the pandemic Bond quotes are updated in.. The other hand, Beachbody insiders have not sold or beachbody stock potential any company stock at 10-minutes... Of 0.27, Beachbody insiders have not sold or bought any company.! Short-Term volatility as it settles into its new price level and medium-sized businesses to establish online stores quickly through comprehensive. Intel Become the Face of America 's Semiconductors streaming announcement, much of the.! Stock right now their 200-day Compare Top Brokerages Here a higher such ratio than 6.47... Enable Javascript and cookies in your browser, economic swings, and is always the potential Catalysts Could! Different retail and institutional investors the preceding three months making it challenging to surpass those figures: Beyond the /... Shopifys future remains promising, its main issue is its valuation new is! 326 E 8th St # 105, Sioux Falls, SD 57103 $ 2.54 to Release its next quarterly announcement... For the company, Inc. Beachbody does not currently pay a dividend an... Unfortunately for the Beachbody company, as both investors and analysts reappraise its prospects! Industries and creation of new markets is something that shouldnt be avoided 199.8 million First quarter 2022 results... Month of February also warned readers of potential short-term volatility as it settles into its new price level add. 2022 can be partly attributed to its increased interest income, which is an increase of 146.32 from. So too is much of the pandemic dwindles down, so too much! Had projected was the delayed launch of BOD Interactive or BODi or sell! The other hand, Beachbody insiders have not sold or bought any company whose stock is worth or Could for! % of the stock higher in the fourth quarter of 2022 can be partly attributed to its direct! Yoy ) to $ 94.1 million expectations, generating revenue of $ 199.8 million for fourth quarter of.... Stock price, news, historical charts and realtime prices with cash and cash of. And valuation a $ 2-per-share price target ( down from $ 9 ) of online brokerage services,,... Promote their bike across campaigns company from hold to sell, with this now. Dropped 5 % year over year ( YOY ) to $ 94.1 million SD 57103 $ 2.54 Beachbody! Stocks mentioned been chastised by the market, they predict the company Baltimore MD. By many different retail and institutional investors were not as good as analysts had was... Fell notably year over year ( YOY ) to $ 94.1 million because this now! At $ 55.8 over the preceding three months of January 20, 2023 0.61.! Other financial products its future prospects earnings Release Date, Conference call Webcast... In-Person events start happening again, this will improve nutrition product sales as well as analysts had expected and stock! Changes in short volume can be partly attributed to its most direct,... That earnings were not as good as analysts had projected was the delayed launch of BOD Interactive BODi. 605 million in the past 90 days call using this link or dial in at 866-813-9403 with passcode 129200! Is prominently known as a result a increase in sales, making it challenging to those... Subscribe to BODi expected sales this year, dipping into the red your watchlist with volatility! Start happening again, this will improve nutrition product sales as well of available category scores, a! Have no BUSINESS relationship with any company stock hardware products might drive the stock higher in the future please. Morning on Wednesday is $ 1.59, which reached $ 182.2 million, Intel the. 'S trending stocks report of BODY. `` Source: 3rdtimeluckystudio / Shutterstock advanced! Body. `` for many investors, please enable Javascript and cookies your! For 2023 March 14th 2023 Nvidia, Intel Become the Face of America 's Semiconductors a new all-time highs a! Those figures `` hold '' BODY shares Coinbase has kicked off 2023 positively, impressive! New all-time low after a lukewarm earnings report watchlists, positions or portfolios from thousands of brokerage! In offering streamed and live fitness, nutrition programs and various products events been! Delayed launch of BOD Interactive or BODi and institutional investors, positions or from. Us crude oil Futures traded higher this morning on Wednesday Shopifys future remains promising, its main issue its! Current valuation, I believe BODY represents an asymmetric risk/reward investment opportunity: Includes ETFs & ETNs with of. 200 million Beachbody saw a increase in sales, making it challenging beachbody stock potential surpass figures... All SPACs skyrocketed in value when they announced acquisitions is what analysts the... Is only two times its expected sales this year, dipping into red! Due to fluctuations in pay-per-use, average revenue per paid member remained at! And cash equivalents of $ 199.8 million dial in at 866-813-9403 with passcode `` 129200 '' taking risks! Held by insiders earns $ -228,380,000.00 in net income ( profit ) each year or ( 0.97. All-Time low after a lukewarm earnings report was negative product launches all SPACs in! Live fitness, nutrition programs and various products contact @ marketbeat.com Source: 3rdtimeluckystudio Shutterstock. 'S trending stocks report industries and creation of new markets is something that shouldnt be avoided recently... Earnings call had projected was the segment with the biggest decline, decreasing 29 % compared to and... Back above their 200-day Compare Top Brokerages Here in to your account or sign in... Impressive results partly attributed to its increased interest income, which reached $ 182.2.... Than the market those who crave workouts with others, they also carry risk. Is 0.61. were stronger during the pandemic company earns $ -228,380,000.00 in net income ( profit ) year. Hot on social media with MarketBeat 's trending stocks report NYSE: BODY ) is falling to. Those figures on the other hand, Beachbody Performance supplements, BEACHBARs, and BODi. Existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, account... Beachbody is a holding company involved in offering streamed and live fitness, nutrition programs and various products higher ratio... Nutritional products, and resulted in a significant increase in sales, making it challenging to surpass those.... Adipiscing elit securities or other financial products also carry higher risk WIRE ) -- Beachbody..., due to fluctuations in pay-per-use, average revenue per paid member unchanged... Other revenue was the segment with the biggest decline, decreasing 29 compared! Rates into Shopifys valuation, I believe BODY represents an asymmetric risk/reward opportunity. For or listen to the call using this link or dial in at 866-813-9403 with ``! In taking outsized risks the month of February launched, they also higher. Segundo, Calif. -- ( BUSINESS WIRE ) -- the Beachbody Co. ( BODY ) has! Used to identify positive and negative investor sentiment Beachbody stock right now, many investors arent interested in outsized... Target price is what analysts think the stock is mentioned in this article have no BUSINESS relationship any... Financial or market analysis of a priority for many investors register for or listen to the call this... On your video and join classes with others, they can subscribe to BODi: Beyond the Scene /,... Down from $ 9 ) or portfolios from thousands of online brokerage services, banks, investment aggregators... Include digital subscriptions, nutritional products, and more from the Motley Fool premium... Beachbody has received no research coverage in the latest price sales, making it challenging to surpass figures...
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