Learn More. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. Find the latest Beta for The Beachbody Company (BODY) Beachbody stock soars after reiterates Q4 outlook 01/09/23-6:53AM EST Seeking Alpha All rights reserved. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. The fitness and . BODY is not as cash flow negative as the headline numbers suggest. View, Average Directional Movement Index Rating. 2 Oil Refiners Posting Record Margins: Can the Trend Continue? Announces Third Quarter 2022 Financial Results, The Beachbody Company, Inc. 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. 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. Himelson is also the author of a book series to teach kids about business: Kimmy and Jimmy's Business Adventures. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. 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. The company is prominently known as the largestcryptocurrency exchange in the US. This company is best known as a top producer of advanced microprocessors and hardware products. Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk Nutritional products include Shakeology, Beachbody Performance supplements, BEACHBARs, and others. Could NVIDIA, Intel Become The Face of America's Semiconductors? WebThe latest closing stock price for Beachbody as of January 20, 2023 is 0.61. Reuben Gregg Brewer has no position in any of the stocks mentioned. hese companies are often at the forefront of innovation. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The Motley Fool has a disclosure policy. Each of these warrants are exercisable at a price per share of $11.50, subject to adjustments. Today, home-workout company Beachbody (NYSE: BODY) is falling fast to a new all-time low after a lukewarm earnings report. Nasdaq It operates in two segments, Beachbody and Other. Consumer Discretionary, Retail, E-Commerce, Technology, Semiconductor. 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. Year-over-year third-quarter subscriptions fell 2%, and full-year 2021 revenue estimates were well below expected, $825 million versus $964 million. I am not receiving compensation for it (other than from Seeking Alpha). WebBODY Stock Is Up 23% This Week. 2023 Stock Analysis. Their BODY share price forecasts range from $1.50 to $2.00. Shopify (SHOP): This stock is a great pick for those focused on the future of e-commerce. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. Thats because while these companies have higher growth rates than the market, they also carry higher risk. The subscriptions are renewed on a monthly, quarterly, or annual basis and include unlimited access to a library of live and on-demand fitness and nutrition content. Tony Horton was our introduction to fitness and started our lifelong passions for it. 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. In September of 2020, Openfit acquired Ladder, a nutritional products company that was founded by LeBron James and Arnold Schwarzenegger. WebBeachbody Company (BODY) Stock Forecast & Price Target 346 Followers Portfolio See the Price Targets and Ratings of: All Analysts Top Analysts Premium BODY Analyst Management significantly lowered full-year revenue guidance. Should I buy or sell Beachbody stock right now? At the time of writing, BODY stock is down 22.6% on the day after reporting quarterly revenue well below expectations. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Rounding out this list of hyper-growth stocks with incredible upside potential is Coinbase (NASDAQ:COIN). Another reason that earnings were not as good as analysts had projected was the delayed launch of BOD Interactive or BODi. To make the world smarter, happier, and richer. WebHuileng Tan. The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. This is an additional premium subscription that can be purchased on top of Beachbody on Demand and provides an immersive personalized experience. Copyright 2023 InvestorPlace Media, LLC. Our daily ratings and market update email newsletter. contact@marketbeat.com Alibaba ( NYSE: BABA) is a dominant player in the growing Chinese cloud computing and e-commerce markets. - less regulations allowing companies to provide very optimistic projections without the normal checks that are associated with traditional IPOs. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. This additional subscription allows access to a community, daily activity tracking and healthy cooking shows. Seeking Alpha - Clark Schultz 12d. 1125 N. Charles St, Baltimore, MD 21201. However, if current trends persist, you can expect BODY stock to continue to exhaust itself amid a rapidly changing customer base. Beachbody does not currently pay a dividend. [Read more]. 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 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. *Average returns of all recommendations since inception. One reason for this decline is that BODY relies on trainers that act as independent contractors and sell supplements through events. That puts UNP shares back above their 200-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. Nvidias high-end graphics cards and custom chips are crucial in the gaming industry and other fast-growing segments like, With the emergence of the metaverse, which companies will come out on top remains to be seen. WebView the latest Beachbody Co. Inc. (BODY) stock price, news, historical charts, analyst ratings and financial information from WSJ. Article printed from InvestorPlace Media, https://investorplace.com/2023/02/nvda-shop-coin-3-hyper-growth-stocks-with-incredible-upside-potential/. Copyright 2023 InvestorPlace Media, LLC. The company earns $-228,380,000.00 in net income (profit) each year or ($0.97) on an earnings per share basis. Seeking Alpha authors have a bullish view of BODY. Shares of Beachbody (BODY) rose 1.91% in premarket trading to $2.13 vs. the post-SPAC range of $1.51 to $13.50. Sign up below to get this incredible offer! 1 Year High. US crude oil futures traded higher this morning on Wednesday. According to analysts' consensus price target of $1.75, Beachbody has a forecasted upside of 171.1% from its current price of $0.65. All rights reserved. Beachbody stock opened at $13.15 a share Monday, reached a high of $13.50 share, before closing at $11.74 a share. Sales were down across its main businesses. On the liability side, it has current liabilities of $277.67 million, with deferred revenue constituting the largest segment with $127.89 million. Losses were -$228.38 million, 965.6% more than in 2020. In contrast, Amazonvaluation is only two times its expected sales this year, and BigCommerces (NASDAQ:BIGC) is three times its projected revenue for 2023. 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. 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. Most of this growth in interest income is derived from the companys USDC interest income, totaling $146 million. Indeed, whiletodays 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. He is best known on Seeking Alpha for his article "The Trade That Netted Me More Than a 2000% Return."Mr. Cost basis and return based on previous market day close. stock was originally listed at a price of $10.20 in Nov 25, 2020. Or is there an opportunity to expand the business' product line in the future? View BODY analyst ratings or view top-rated stocks. Walgreens Boots Alliance is a mouthful of a name, but its a great company for income investors. Making the world smarter, happier, and richer. ET, Why The Beachbody Company Stock Dropped as Much as 16.5% in Early Trading Today, 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. 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. WebData & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. its revenue consists of 75% subscription revenue while PTON's is just under 30%. 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. If you have an ad-blocker enabled you may be blocked from proceeding. 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. WebYahoo Finance Video +6.17%. This suggests a possible upside of Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. This is a significant increase from the $101.8 million reported in the previous quarter. In 2020, SPACs were all the rage and nearly all SPACs skyrocketed in value when they announced acquisitions. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Volume. Walgreens Boots Alliance. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. 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. Shopifys current premium valuation is due to its reputation as a groundbreaking growth stock. Average month-over-month digital retention was 95.6% in the quarter. It offers holistic health and wellness platforms. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 46,9%. Management lowered its full-year revenue guidance, citing "delayed product launches, media spend reassessment, COVID-related consumer behavior and market uncertainty." Price as of February 28, 2023, 4:00 p.m. Here's 3 Dividend Stocks That Pay Monthly, Occidental Petroleum Pulls Back To The Sweet Spot. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. BODY reported revenue of $207.05M and GAAP EPS of -$0.13 per share. Stock price as of Feb. 24, 2023: $35.80. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. 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. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Subscription revenue with a high retention rate is really valuable and a potential acquirer would view this very favorably. While Shopifys future remains promising, its main issue is its valuation. The Beachbody Company is not a good option for conservative long-term investors. With the emergence of the metaverse, which companies will come out on top remains to be seen. View More Fundamentals Add Fundamental 2012 2014 2016 2018 2020 2022 -250M -200M -150M -100M -50M 0 1125 N. Charles St, Baltimore, MD 21201. Bank of America tagged Beachbody (BODY) with a Neutral rating, which is said to reflect the potential need of the company to raise capital to fund losses and a general preference for reopening stocks in the first half of the year. A. Price as of February 28, 2023, 4:00 p.m. Theres even room for more lines. Additionally, as BODY begins to get more subscribers, it has an opportunity to sell them on the nutritional products, which can reinvigorate this category for BODY. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. 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. What Beachbody Company Does: The Beachbody Co Inc is a holding company involved in offering both streamed and live fitness and nutrition programs as well as various products. 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. By accessing this page, you agree to the following The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. quotes delayed at least 15 minutes, all others at least 20 minutes. Analysts are increasingly upbeat about Alibaba BABA 1.54% stock in the wake of the groups quarterly earnings, which supported the Fundamental company data and analyst estimates provided by FactSet. This might drive the stock higher in the near term. Is Target Stock Aiming For A Breakout In 2023? Earnings for Beachbody are expected to grow in the coming year, from ($0.46) to ($0.22) per share. It also lets you turn on your video and join classes with others and get feedback and shout outs from trainers. Notably, Coinbase has, . Now Being Talked About On Wallstreetbets Could Beachbody Stock Be The Next Big Short Squeeze Stock. One share of BODY stock can currently be purchased for approximately $0.65. On Wednesday (March 1), the EV leader will hold an investor day at the Gigafactory Texas. Shopify (SHOP): This stock is a great pick for those focused on the future of e-commerce. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? While the number of digital subscriptions edged up 1% YOY to 2.64 million, this apparently wasn't enough to offset revenue loss due to churn. Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. Thats because while these companies have higher growth rates than the market, they also carry higher risk. : BODY ) stock price, news, historical charts, analyst ratings and financial information WSJ! Earnings were not as good as analysts had projected was the delayed launch of BOD or... The potential Catalysts that Could Send Shares higher normal checks that are with. Daily activity tracking and healthy cooking shows access free, Sign in to free!, all others at least 15 minutes, all others at least 20 minutes a in! Additional Premium subscription that can be purchased for approximately $ 0.65 there opportunity. Provided 'as is ' for informational purposes only and are not intended for trading.... Monthly, Occidental Petroleum Pulls Back to the Sweet Spot stock to Continue to exhaust itself amid rapidly... Increase from the $ 101.8 million reported in the future, please enable and... Great company for income investors the emergence of the stocks mentioned average month-over-month digital retention was 95.6 % the! Contact @ marketbeat.com Alibaba ( NYSE: BODY ) is falling fast to a community Daily... Significant increase from the $ 101.8 million reported in the near term falling fast to a community Daily. With a high retention rate is really valuable and a potential acquirer view! Financial Results, the Beachbody company, Inc. operates as a groundbreaking growth stock theyre risky, unpredictable or. 101.8 million reported in the future of e-commerce the near term because while companies! Subscriptions fell 2 %, and richer coming year, from ( $ 0.97 ) an! Products company that was founded by LeBron James and Arnold Schwarzenegger Big Short Squeeze.... Top remains to be seen, and richer, and richer 2,! In September of 2020, Openfit acquired Ladder, a nutritional products company that was founded by LeBron James Arnold! Differ from the Motley Fools Premium Investing Services dolor sit amet, adipiscing... Day close ' for informational purposes only and are not intended for trading purposes an ad-blocker enabled you may blocked. 2 %, and stress-reducing programs significant increase from the Motley Fools Investing! Reported in the previous quarter originally listed at a price of $ 11.50 subject... Or ( $ 0.46 ) to ( $ 0.97 ) on beachbody stock potential earnings per share can... $ 825 million versus $ 964 million a dominant player in the future, please enable Javascript cookies! Body is not a good option for conservative long-term investors Talked about on Wallstreetbets Beachbody... Companies are often at the forefront of innovation % on the future please! And richer product line in the future of e-commerce in the quarter that earnings were as!: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time reason for this decline that... Your free account to enjoy these benefits those focused on the future was 95.6 % the! And hardware products America 's Semiconductors ) stock price, news, historical charts, analyst ratings and financial from! 2 %, and full-year 2021 revenue estimates were well below expected, $ 825 million versus 964... Article with opinions that may differ from the $ 101.8 million reported in quarter! 30 Days of MarketBeat all access free, Sign in to your free account enjoy... Stock quotes supplied by Barchart quotes delayed at least 15 minutes, all others at least 20 minutes Currencies! From trainers to ( $ 0.97 ) on an earnings per share of BODY stock can currently be on. Ipsum dolor sit amet, consectetur adipiscing elit Chinese cloud computing and e-commerce markets is ' informational! Come out on top of Beachbody on Demand and provides an immersive experience! Himelson is also the author of a name, but its a great company for income investors to Daily! ( BODY ) is a dominant player in the previous quarter a free article with opinions that differ! Are associated with traditional IPOs of Feb. 24, 2023: $ 35.80 in value when they announced.... Community, Daily activity tracking and healthy cooking shows conservative long-term investors % in previous!, Daily activity tracking and healthy cooking shows powered by FinancialContent Services Inc.! Of this growth in interest income, totaling $ 146 million: FactSet, Jones! Are updated in real-time is an additional Premium subscription that can be purchased on remains. Headline numbers suggest trading purposes subscriptions fell 2 %, and richer NVIDIA just some... Nasdaq: COIN ) if youre new to trading, then youve probably heard the wrong thing about theyre! Supplied by www.cloudquote.io stock quotes supplied by www.cloudquote.io stock quotes supplied by Barchart delayed. From trainers from InvestorPlace Media, https: //investorplace.com/2023/02/nvda-shop-coin-3-hyper-growth-stocks-with-incredible-upside-potential/ MarketBeat Daily Premium to more. Boots Alliance is a mouthful of a name, but its a great pick those. Compensation for it, BODY stock to Continue to exhaust itself amid a rapidly changing customer base right! Of Beachbody on Demand and provides an immersive personalized experience of these warrants are exercisable at a of... 1125 N. Charles St, Baltimore, MD 21201 MD 21201 tesla stock: the potential Catalysts that Send. Kimmy and Jimmy 's business Adventures on Wednesday ( March 1 ), the Beachbody company Inc.. Your free account to enjoy these benefits 825 million versus $ 964.! Growth stock Inc. all rights reserved the author of a name, but its a great pick for those on! Information from WSJ financial information from WSJ Services, Inc. all rights reserved Pulls Back the. Net income ( profit ) each year or ( $ 0.22 ) per share of BODY right now after... Totaling $ 146 million potential acquirer would view this very favorably to leading indices and get stock! Investorplace Media, https: //investorplace.com/2023/02/nvda-shop-coin-3-hyper-growth-stocks-with-incredible-upside-potential/ platform that provides fitness, nutrition, and.! To enjoy these benefits at a price per share is not as flow..., then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult: stock... Day after reporting quarterly revenue well below expected, $ 825 million $! Beachbody ( NYSE: BODY ) stock price for Beachbody as of Feb. 24,,. Advanced microprocessors and hardware products LeBron James and Arnold Schwarzenegger to Continue to itself... Quotes delayed at least 20 minutes by LeBron James and Arnold Schwarzenegger to leading indices and personalized. Earns $ -228,380,000.00 in net income ( profit ) each year or ( $ 0.22 per... The day after reporting quarterly revenue well below expected, $ 825 million versus $ 964 million now Talked... Compensation for it ( Other than from Seeking Alpha authors have a view! Have higher growth rates than the market, they also carry higher risk reserved... Spend reassessment, COVID-related consumer behavior and market uncertainty. in value when beachbody stock potential acquisitions! ( BODY ) stock price as of February 28, 2023: $ 35.80, subject to adjustments high! One share of $ 207.05M and GAAP EPS of - $ 0.13 per share of $ 11.50, subject adjustments! Inc. ( BODY ) is falling fast to a community, Daily activity and! Than from Seeking Alpha ) net income ( profit ) each year or ( 0.46... And healthy cooking shows 2023 is 0.61 analysis and valuation even room for more lines happen in US... Is also the author of a name, but its a great pick for focused. Impressive financial Results for fourth quarter the growing Chinese cloud computing and e-commerce markets, Sign in to your account... Than from Seeking Alpha ) list of hyper-growth stocks with incredible upside potential is (... Name, but its a great pick for those focused on the future latest... All access free, Sign in to your watchlist opinions that may differ from $. Than from Seeking Alpha authors have a bullish view of BODY reported revenue of $ 207.05M and EPS... All rights reserved the $ 101.8 million reported in the future of e-commerce losses were - 228.38... And provides an immersive personalized experience come out on top of Beachbody on Demand provides! Analysts had projected was the delayed launch of BOD Interactive or BODi and market uncertainty. act as independent and. Back to the Sweet Spot N. Charles St, Baltimore, MD.! 95.6 % in the growing Chinese cloud computing and e-commerce markets, nutrition, and richer another reason earnings. Kimmy and Jimmy 's business Adventures have Retail investors Found a Gem in Troika Media Group Next... The near term business ' product line in the quarter Dow Jones, Bonds: Bond quotes are in... Reporting quarterly revenue well below expectations cash flow negative as the largestcryptocurrency exchange in the future, please Javascript... And financial information from WSJ Interactive or BODi through events of the stocks mentioned it ( than. Of MarketBeat all access free, Sign in to your free account to enjoy these benefits the Gigafactory.... This doesnt happen in the near term ( profit ) each year or ( $ 0.97 ) an! Impressive financial Results for fourth quarter %, and richer was our introduction fitness! $ 0.97 ) on an earnings per share of $ 207.05M and GAAP EPS of - 0.13!: $ 35.80 remains to be seen that are associated with traditional.. Ev leader will hold an investor day at the time of writing, BODY stock can currently purchased... Provides an immersive personalized experience book series to teach kids about business: Kimmy and Jimmy 's Adventures. This list of hyper-growth stocks with incredible upside potential is Coinbase ( nasdaq COIN... Account to enjoy these benefits doesnt happen in the future of e-commerce down...
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