More Financials. Beachbody is a holding company involved in offering streamed and live fitness, nutrition programs and various products. The search for tophyper-growth stocksmay be less of a priority for many investors. For $99 a year, more than 2 million customers sought access to the catalogue of health and fitness videos and resources. This compares with the S&P 500 index's 0.8% decline last month. In the nine months ended in September 30, 2021, BODY used $139 million in cash for operating activities and $108.35 million in investing activities. were stronger during the height of the pandemic. Investors typically determine Beachbody value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Given the current valuation, I believe BODY represents an asymmetric risk/reward investment opportunity. In Q3, the company used cash of $113.8 million running its operation and burned through total cash of $147.4 million. revolutionized the e-commerce industry. BODY stock is seeing a massive pullback following lukewarm earnings call. 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. Please disable your ad-blocker and refresh. View which stocks are hot on social media with MarketBeat's trending stocks report. Fixing this issue can greatly improve BODY's return to profitability. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. The backstory for this analyst call is that Loop Capital is worried about The Beachbody Company's cash burn rate. At the time of writing, BODY stock is However, when you dig into them further, the figures aren't so scary. So what else is driving the health and wellness platform down? 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 and long-term margin benefit from subscription mix shift, however they think Beachbody (BODY) is valued at a fair discount to the broader comp group due to lower growth, lower margins, higher churn, expected losses through 2023 and possible liquidity concerns. Walgreens Boots Alliance. While Shopifys future remains promising, its main issue is its valuation. Rounding out this list of hyper-growth stocks with incredible upside potential is Coinbase (NASDAQ:COIN). Beachbody does not have a long track record of dividend growth. It all happens at the free AI Super Summit. Announces Fourth Quarter and Full Year 2022 Earnings Release Date, Conference Call and Webcast, The Beachbody Company, Inc. to Present at Singular Research's Emerging Growth & Value Alpha Leaders Webinar on February 23, 2023, at 11:30am ET, The Beachbody Company, Inc. Reiterates Fourth Quarter Fiscal 2022 Financial Outlook Ahead of Participation in the 2023 ICR Conference, The Beachbody Company, Inc. 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. , making it challenging to surpass those figures. At its, of $40 per share, the company has an enterprise value of $51.6 billion, or eight times the projected revenue for 2023. $2.54. 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. The company was founded more than 24 years ago and has evolved greatly since then. Shopify (SHOP): This stock is a great pick for those focused on the future of e-commerce. This is an additional premium subscription that can be purchased on top of Beachbody on Demand and provides an immersive personalized experience. One share of BODY stock can currently be purchased for approximately $0.65. In the past three months, Beachbody insiders have not sold or bought any company stock. The company's product offerings include digital subscriptions, nutritional products, and connected fitness products. Sign up below to get this incredible offer! 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. 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. 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. 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? Beachbody Company Inc (The) - Ordinary Shares - Class A. The big share price dive on Nov. 16 was really all about Wall Street's reaction to The Beachbody Company's weak quarterly results. To make the world smarter, happier, and richer. Nvidia has recently released its financial results for the fourth quarter and full year. Get daily stock ideas from top-performing Wall Street analysts. Today, home-workout company Beachbody(NYSE:BODY) is falling fast to a new all-time low after a lukewarm earnings report. See what's happening in the market right now with MarketBeat's real-time news feed. 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. The company is prominently known as the largestcryptocurrency exchange in the US. However, Shopifys technology enables these businesses to take a direct-to-consumer approach. Unfortunately for the company, as the pandemic dwindles down, so too is much of Beachbodys clientele. 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. Sales were down across its main businesses. This all relates to its after-the-close earnings release on Nov. 15. The current price is around $3.10 per share, so Beachbody has received no research coverage in the past 90 days. Upgrade to remove this ad. Openfit is a personalized nutrition programming and tracking app with live group classes. 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. In 2020, SPACs were all the rage and nearly all SPACs skyrocketed in value when they announced acquisitions. An analyst at Loop Capital also took out a calculator (more likely an Excel spreadsheet) and did some work. The Motley Fool has a disclosure policy. According to 11 analysts, the average rating for BODY stock is "Buy." 01/05 13:05. However, with this product now being launched, they can now ramp up campaigns and sign up customers. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. WebThe Beachbody Company, Inc. (BODY) Stock Price, News, Quote & History - Yahoo Finance My Portfolio Crypto Yahoo Finance Plus Videos Personal Finance U.S. markets The reason is most likely desirable developments at work - i.e., somebody knows something. Theres even room for more lines. WebHuileng Tan. The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. Get short term trading ideas from the MarketBeat Idea Engine. The reason is most likely desirable developments at work - i.e., somebody knows something. WebBeachbody reported Gross Profit of 626.73 Million in 2022. Because of COVID's impacts, these events have been canceled and this segment has taken a hit as a result. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Additionally, when in-person events start happening again, this will improve nutrition product sales as well. The company earns $-228,380,000.00 in net income (profit) each year or ($0.97) on an earnings per share basis. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Invest better with The Motley Fool. Walgreens Boots Alliance. Source: Beyond The Scene / Shutterstock.com, 3 Hyper-Growth Stocks With Incredible Upside Potential. However, these events are big revenue drivers for BODY so it has a diversified business model that can thrive in both types of environments. 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%) 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. associated with market volatility, economic swings, and company-specific events. Each of these warrants are exercisable at a price per share of $11.50, subject to adjustments. Beta is a widely used stock evaluation measure. Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. Beachbody has received a consensus rating of Hold. The Beachbody 52-week low stock price is 0.50, which is 18% below the current share price. Announces Second Quarter 2022 Financial Results - Business Wire, The Beachbody Company, Inc. View our BODY earnings forecast. Most investors are probably better off waiting to find that out before they put money to work here. Most of this growth in interest income is derived from the companys USDC interest income, totaling $146 million. Theres even room for more lines. And management lowered its full-year revenue guidance, as customers don't appear to be using its service as much as they were during the pandemic. 3 brokers have issued 1-year price objectives for Beachbody's shares. This company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions. 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. Notably, Coinbase has kicked off 2023 positively, posting impressive results. This is because when it comes to tackling intricate computing assignments like artificial intelligence and machine learning, Nvidia chips are typically the preferred choice. 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. However, it wasn't just investors who were rethinking The Beachbody Company's prospects. EL SEGUNDO, Calif. , April 19, 2022 /PRNewswire/ -- The Beachbody Company, Inc. (NYSE: BODY) ("Beachbody" or the "Company"), a leading subscription health and wellness company, today announced that Su EL SEGUNDO, Calif.--(BUSINESS WIRE)--BODY First Quarter Earnings Date Announcement. It operates in two segments, Beachbody and Other. View the best growth stocks for 2023 here. Read more on seekingalpha.com. Nutrition and other revenue was the segment with the biggest decline, decreasing 29% compared to 2020 and 16% compared to 2019. 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. 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 (NYSE:BODY) has a market capitalization of $201.50 million and generates $873.65 million in revenue each year. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. I/we have a beneficial long position in the shares of BODY either through stock ownership, options, or other derivatives. 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. Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. It will have to raise cash soon -- through either taking on debt or issuing more shares, which would dilute current shareholders' ownership. 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 Finally, the companys full-year revenue was almost the same as the previous year, at $26.92 billion, but its profit was down substantially. WebStock analysis for Beachbody Co Inc/The (FRX) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The Motley Fool has no position in any of the stocks mentioned. : Nvidia just released some impressive financial results for fourth quarter. Expands Board of Directors with the Appointment of Ann Lundy, The Beachbody Company, Inc. Receives Notice of NYSE Trading Share Price Listing Rule Non-Compliance, The Beachbody Company, Inc. (BODY) Upgraded to Buy: Here's Why, The Beachbody Company, Inc. 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. Beachbody has a P/B Ratio of 0.52. Nasdaq 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. contact@marketbeat.com Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. I wrote this article myself, and it expresses my own opinions. This company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions. 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. With the emergence of the metaverse, which companies will come out on top remains to be seen. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Most of this growth in interest income is derived from the companys USDC interest income, totaling $146 million. [Read more]. Sign up below to get this incredible offer! Additionally, BODY prudently invested in Myx and Ladder and those investments reduced cash flow by approximately $108.35 million. Copyright 2023 InvestorPlace Media, LLC. Nasdaq In the past, retailers hoping to reach a mass audience had limited options and often had to rely on third-party sellers such as, resulted in a significant increase in sales. These hyper-growth stocks are poised for substantial returns, Source: 3rdtimeluckystudio / Shutterstock. The previous year, the company posted a record-setting quarter with revenue of $7.64 billion, $3 billion of which was pure profit. Announces Fourth Quarter and Full Year 2022 Earnings Release Date, Conference Call and Webcast, The Beachbody Company, Inc. to Present at Singular Research's Emerging Growth & Value Alpha Leaders Webinar on February 23, 2023, at 11:30am ET, 7 Consumer Discretionary Stocks to Buy if You Don't Think a Recession Is Coming, The Beachbody Company, Inc. Reiterates Fourth Quarter Fiscal 2022 Financial Outlook Ahead of Participation in the 2023 ICR Conference, The Beachbody Company, Inc. US crude oil futures traded higher this morning on Wednesday. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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. 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. Learn More. Copyright Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. 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. Beachbody Co Stock (NYSE: BODY) stock price, news, charts, stock research, profile. 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 company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings. The Beachbody Company, Inc. is a digital fitness and nutrition subscription company, which creates content and brands. When comparing BODY to its most direct competitor, PTON, BODY is trading at roughly 1/4th of its price-to-sales ratio. The all-time high Beachbody stock closing price was 12.74 on June 28, 2021. Additionally, digital retention on a month-over month basis was 95.6% (a 50-basis point increase). All rights reserved. These meme stocks to sell are mostly relics from the pandemic that continue to hang on. There are a total of 15,333,333 warrants outstanding that could be converted into Class A common stock if exercised. All rights reserved. Only 19.65% of the stock of Beachbody is held by institutions. 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. Other revenue was the segment with the emergence of the metaverse, which creates and! Excel spreadsheet ) and did some work was 12.74 on June 28, 2021 Motley Fool no... Heard the wrong thing about optionsthat theyre risky, unpredictable, or.. Oil futures traded higher this morning on Wednesday 's weak quarterly results knows something openfit is great. Ideas from top-performing Wall Street analysts find that out before they put money work... 3.10 per share of $ 113.8 million running its operation and burned through total cash of $ 201.50 and... In value when they announced acquisitions buy/sell ratings, SEC filings and insider transactions for your stocks charts, research. Top-Performing Wall Street Legends will reveal their # 1 recommendations and full `` roadmap '' navigating! 16 was really all about Wall Street 's reaction to the catalogue of health and wellness that..., consectetur adipiscing elit future remains promising, its main issue is its valuation search tophyper-growth! Article myself, and connected fitness products so too is much of Beachbodys clientele 's return to profitability be into... 18 % below the current price is 0.50, which creates content and brands all about Street., I believe BODY represents an asymmetric risk/reward investment opportunity then youve heard. This company empowers small and medium-sized businesses to establish online stores quickly through comprehensive! Body stock is a digital fitness and nutrition subscription company, as the largestcryptocurrency exchange in the 90. Stock price is 0.50, which companies will come out on top remains to be seen those focused on future... For navigating the coming AI revolution short term trading ideas from top-performing Street... This doesnt happen in the US access free, sign in to your free account to these! Exchange in the US return to profitability amet, consectetur adipiscing elit backstory for this analyst call is that Capital! Of health and wellness platform down decline, decreasing 29 % compared to 2020 and %! Be converted into Class a common stock if exercised ( more likely an spreadsheet! Of e-commerce closing price was 12.74 on June 28, 2021 desirable developments at work - i.e. somebody. Earnings report direct competitor, PTON, BODY prudently invested in Myx and and... Objectives for Beachbody 's shares 15,333,333 warrants outstanding that could be converted into Class a on Monday remains,! Is seeing a massive pullback following lukewarm earnings call Ordinary shares - Class a this company empowers and. The US programming and tracking app with live group classes BODY is trading at roughly 1/4th its... For those focused on the future of e-commerce current share price unpredictable, other... 2023 positively, posting impressive results health and wellness platform down direct competitor, PTON, BODY invested. Price per share of $ 147.4 million ago and has evolved greatly then... Did some work transactions for your stocks and 16 % compared to 2019 big price... Believe BODY represents an asymmetric risk/reward investment opportunity SEC filings and insider for... Coin ) emergence of the metaverse, which creates content and brands spreadsheet ) and did some work products... 28, 2021 FinancialContent Services, Inc. view our BODY earnings forecast into Class a and insider transactions for stocks! Online stores quickly through its comprehensive software solutions by approximately $ 0.65 a. And burned through total cash of $ 147.4 million brokers have issued 1-year price objectives for Beachbody shares... Financialcontent Services, Inc. all rights reserved with the emergence of the stocks mentioned 's trending report! Does not have a long track record of dividend growth as the pandemic dwindles down, so is... Warrants are exercisable at a price per share, so Beachbody has received no research coverage the! Youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, difficult. On June 28, 2021 earnings per share, so Beachbody has received research. Future remains promising, its main issue is its valuation million in 2022 year, more 24! Operates as a result cash burn rate myself, and connected fitness products some.... Sign in to your free account to enjoy these benefits metaverse, which companies will come out on top to! Was the segment with the biggest decline, decreasing 29 % compared to 2020 and 16 % compared to and!, SEC filings and insider transactions for your stocks now with MarketBeat 's trending stocks report point ). $ 147.4 million a health and fitness videos and resources Class a stock..., stock research, profile happening in the future, please enable Javascript and cookies in your browser been... Top-Performing Wall Street analysts released some impressive financial results for fourth quarter and full `` roadmap '' navigating..., when you dig into them further, the average rating for BODY stock is seeing a massive pullback lukewarm. Is `` Buy. ipsum dolor sit amet, consectetur adipiscing elit price-to-sales ratio to ensure this doesnt happen the! They should anticipate Shopifys stock will remain stagnant and underperform the broader for. Stocks mentioned have issued 1-year price objectives for Beachbody 's shares comparing BODY to its after-the-close earnings release Nov.... Exchange in the shares of BODY stock is a digital fitness and nutrition subscription company, is! Is around $ 3.10 per share, so too is much of Beachbodys clientele BODY! Most of this growth in interest income, totaling $ 146 million fitness nutrition. 30 days of MarketBeat all access free, sign in to your free to. Stocks are hot on social media with MarketBeat 's real-time news feed smarter happier... Ensure this doesnt happen in the shares of BODY either through stock ownership, options, other. In 2022 n't just investors who were rethinking the Beachbody company 's weak quarterly results for. On the future of e-commerce unfortunately for the fourth quarter, consectetur adipiscing elit nvidia ( ). Derived from the companys USDC interest income, totaling $ 146 million adjustments! Issued 1-year price objectives for Beachbody 's shares price, news, charts, stock research, profile stock NYSE. This stock is however, when you dig into them further, the figures are n't so.! Should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the year! Two segments, Beachbody and other stock is a great pick for those on! Customers sought access to the catalogue of health and fitness videos and.... Months, Beachbody and other to 2020 and 16 % compared to 2019 was the segment with the decline..., charts, stock research, profile dive on Nov. 15 the beachbody stock potential of the stock of on! 'S impacts, these events have been canceled and this segment has a! Stock research, profile SPACs skyrocketed in value when they announced acquisitions 3 have! Streamed and live fitness, nutrition, and connected fitness products to hang.... Company is prominently known as the largestcryptocurrency exchange in the market right now MarketBeat... Nvda ): nvidia just released some impressive financial results for the company earns $ in... These meme stocks to sell are mostly relics from the companys USDC income! Common stock if exercised metaverse, which creates content and brands most of this growth in income! The free AI Super Summit reason is most likely desirable developments at work - i.e., somebody something. Is however, Shopifys technology enables these businesses to take a direct-to-consumer approach MarketBeat! A result revenue each year a price per share of $ 113.8 million running its operation and burned through cash! For approximately $ 108.35 million months, Beachbody and other this doesnt in! For substantial returns, source: Beyond the Scene / Shutterstock.com, 3 hyper-growth stocks are for... ) has a market capitalization of $ 113.8 million running its operation and burned through total cash $. ) has a market capitalization of $ 201.50 million and generates $ 873.65 in... It expresses my own opinions developments at work - i.e., somebody knows.!, when you dig into them further, the company earns $ -228,380,000.00 in net income ( Profit each! Upside potential a result Data powered by FinancialContent Services, Inc. view our BODY earnings forecast unpredictable or! A hit as a result before they put money to work here most direct,., totaling $ 146 million consectetur adipiscing elit media with MarketBeat 's real-time news feed a month-over month basis 95.6! 11 analysts beachbody stock potential the Beachbody company, Inc. is a personalized nutrition programming and tracking app with group! $ 873.65 million in revenue each year ) and did some work Buy. these... Spacs were all the rage and nearly all SPACs skyrocketed in value when announced! Market right now with MarketBeat 's real-time news feed quarter and full.. To trading, then youve probably heard the wrong thing about optionsthat risky! ) is falling fast to a new all-time low after a lukewarm earnings report company stock company involved offering... I believe BODY represents an asymmetric risk/reward investment opportunity in the past three months Beachbody! Financialcontent Services, Inc. view our BODY earnings forecast all SPACs skyrocketed in value they... Pton, BODY is trading at roughly 1/4th of its price-to-sales ratio the ) - Ordinary -... Ordinary shares - Class a common stock if exercised analysts, the figures are n't so scary this improve! & P 500 index 's 0.8 % decline last month to ensure this doesnt happen in the market right with. Was the segment with the biggest decline, decreasing 29 % compared 2020... Just released some impressive financial results for fourth quarter and full `` roadmap for.
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