beachbody stock potential


BODY is not as cash flow negative as the headline numbers suggest. This is an additional premium subscription that can be purchased on top of Beachbody on Demand and provides an immersive personalized experience. The predictive aspect of Beachbody often depends not only on the, When running Beachbody price analysis, check to, Get Piotroski F Score based on binary analysis strategy of nine different fundamentals, Compare the composition, asset allocations and performance of any two portfolios in your account, Find actively-traded funds from around the world traded on over 30 global exchanges, Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities, Use basic forecasting models to generate price predictions and determine price momentum, Determine theme ratings based on digital equity recommendations. Digital subscriptions include Beachbody On Demand (BOD) and Openfit. Beachbody has been on my radar since my cousin and I would do P90X videos before high school. As of December 31, 2021, the company had 2.5 million digital and 0.3 million nutritional subscriptions. This Is One Potential Risk. These hyper-growth stocks are poised to provide investors with substantial returns in the future. On the other hand, the low implied According to 11 analysts, the average rating for BODY stock is "Buy." US crude oil futures traded higher this morning on Wednesday. Coinbases CEO, Brian Armstrong, had. The disruption of traditional industries and creation of new markets is something that shouldnt be avoided. To make the world smarter, happier, and richer. Get short term trading ideas from the MarketBeat Idea Engine. Pending shareholder approval, the company will be listed on the New York Stock Exchange under the ticker symbol "BODY." 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. its revenue consists of 75% subscription revenue while PTON's is just under 30%. So the million-dollar question is: What is normal and when will the company's results reflect it? However, these events are big revenue drivers for BODY so it has a diversified business model that can thrive in both types of environments. Article printed from InvestorPlace Media, https://investorplace.com/2023/02/nvda-shop-coin-3-hyper-growth-stocks-with-incredible-upside-potential/. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance. Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. stock was originally listed at a price of $10.20 in Nov 25, 2020. WebBeachbody Company Inc (The) - Ordinary Shares - Class A Stock - BODY Share Price Today, News and Discussion DIA 0.03% SPY 0.03% QQQ 0.06% UNG 2.08% KOLD I have no business relationship with any company whose stock is mentioned in this article. This company is best known as a top producer of advanced microprocessors and hardware products. More Financials. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. Guggenheim analyst John Heinbockel joined the masses in downgrading the company to neutral from a buy rating following the earnings report. WebView the latest Beachbody Co. Inc. (BODY) stock price, news, historical charts, analyst ratings and financial information from WSJ. Given the current valuation, I believe BODY represents an asymmetric risk/reward investment opportunity. On Wednesday (March 1), the EV leader will hold an investor day at the Gigafactory Texas. 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. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The Beachbody 52-week high stock price is 2.47, which is 304.9% above the current share price. Analyst Joanna Zhao and team said they are are constructive on the large fitness total addressable market 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. 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. On Wednesday (March 1), the EV leader will hold an investor day at the Gigafactory Texas. Fixing this issue can greatly improve BODY's return to profitability. WebThe unaudited condensed combined pro forma financial statements reflect actual redemptions of 8,383,485 shares of Class A common stock at $10.00 per share (based on the marketable securities held in the trust account of approximately $300.0 million). Price as of February 28, 2023, 4:00 p.m. Only 19.65% of the stock of Beachbody is held by institutions. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! 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. Read more on seekingalpha.com. 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. 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. 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. Openfit is a personalized nutrition programming and tracking app with live group classes. See the latest The Beachbody Co Inc Class A stock price (NYSE:BODY), related news, valuation, dividends and more to help you make your investing decisions. Although it benefited from the pandemic, it's not yet clear how it will perform in a more normal business environment. Notably, Coinbase has kicked off 2023 positively, posting impressive results. Beachbody story: SHAREHOLDER ALERT Purcell Lefkowitz LLP Is Investigating The Beachbody Company,Inc for Potential Breaches of Fiduciary Duty By Its Board of Directors Marketscreenercom and other headlines for The Beachbody He previously worked as a research analyst at a hedge fund and graduated from Columbia Law School in 2017. The official website for the company is www.spacroadone.com. Plot and analyze your portfolio and positions against risk-return landscape of the market. contact@marketbeat.com There are currently 2 hold ratings and 1 buy rating for the stock. Nvidia (NASDAQ:NVDA), which has been around since 1993, is one of the oldest hyper-growth stocks to make this list. WebEarnings Summary. 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. Finally, the companys full-year revenue was almost the same as the previous year, at $26.92 billion, but its profit was down substantially. Loop Capital downgraded The Beachbody Company from hold to sell, with a $2-per-share price target (down from $9). 2 Oil Refiners Posting Record Margins: Can the Trend Continue? Shopify(NYSE:SHOP) hasrevolutionized the e-commerce industry. Unfortunately for the company, as the pandemic dwindles down, so too is much of Beachbodys clientele. Shopifys current premium valuation is due to its reputation as a groundbreaking growth stock. 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. A price objective of $2.40 is set on Beachbody Company (BODY). Please log in to your account or sign up in order to add this asset to your watchlist. Real-time analyst ratings, insider transactions, earnings data, and more. American Consumer News, LLC dba MarketBeat 2010-2023. 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. The Motley Fool has a disclosure policy. Regarding its projections for 2023, Coinbase announced it was ready to handle various transaction revenue situations in the upcoming year, which could involve fluctuations or stability in cryptocurrency market capitalization and asset volatility compared to the levels observed at the end of 2022. In Q3, revenue fell 17% year over year to $208.1 million. Alibaba ( NYSE: BABA) is a dominant player in the growing Chinese cloud computing and e-commerce markets. 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 Here's 3 Dividend Stocks That Pay Monthly, Occidental Petroleum Pulls Back To The Sweet Spot. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. If you had invested in Beachbody Company stock at $10.20, your return over the last 2 years would have been -93.23%, for an annualized return of -73.97% (not including any dividends or dividend reinvestments). Theres even room for more lines. Additionally, its largest long-term liability was its lease, at approximately $24 million, which as discussed earlier, will be removed since it assigned that lease. Their BODY share price forecasts range from $1.50 to $2.00. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Management described the upside well in the earnings call: With the launch of BOD Interactive in late October, we now have a powerful lever to drive acquisition, upsell and increase lifetime value with an offering that replicates the immersive and personalized experience of boutique fitness classes in a digital context. The Beachbody Company, Inc. Learn More. Beachbody (NYSE:BODY) has a market capitalization of $201.50 million and generates $873.65 million in revenue each year. Learn More. WebIn a nutshell, if Beachbody's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. Another reason that earnings were not as good as analysts had projected was the delayed launch of BOD Interactive or BODi. The Beachbody Company, Inc. was founded in 1998 and is headquartered in El Segundo, California. WebBeachbody Co Stock (NYSE:BODY), Quotes and News Summary. The reason is most likely desirable developments at work - i.e., somebody knows something. Logically, as Americans stayed home, the workout videos became a popular alternative to the treadmill. 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. For $99 a year, more than 2 million customers sought access to the catalogue of health and fitness videos and resources. This segment is a direct competitor to Peloton Interactive (PTON). The new product category of having the bike will bring new customers to the platform and help their flywheel of cross-selling nutrition products. It operates in two segments, Beachbody and Other. WebHuileng Tan. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The Motley Fool has a disclosure policy. Thats because while these companies have higher growth rates than the market, they also carry higher risk. The bottom-line picture was equally bad. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions. nearly half of startups that went public via a SPAC, which accounted for roughly 30% of BODY's revenues in the last quarter, reported revenue of $207.05M and GAAP EPS of -$0.13 per share. 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. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Digital revenue decreased 5% compared to 2020 and increased 38% compared to 2019. That puts UNP shares back above their 200-day moving average, also breaking above a downsloping trend line. At the current cash-burn rate, the company would run out of cash in about one and one-third quarters. Beachbody saw a increase in short interest in the month of February. By accessing this page, you agree to the following Please. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. Making the world smarter, happier, and richer. Notably, Coinbase has, . However, it added 1% to its digital subscribers with 2.64 million (a 55% increase compared to 2019). & Legal Affairs, Talent Management and IP Devel. View which stocks are hot on social media with MarketBeat's trending stocks report. Third-quarter revenue fell 17% year over year. It continued This exceeded predictions that it would only bring in $588 million. Or is there an opportunity to expand the business' product line in the future? Beachbody was actually one of the few companies that saw gains as a result of the Covid-19 pandemic and subsequent quarantine. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. The current price is around $3.10 per share, so Day Range 0.682 - Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "129200". Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. These warrants are pretty far out of the money right now and have less than 5 years remaining on them before they expire. WebHuileng Tan. The Beachbody Company Inc. (NYSE:BODY) reiterated its prior Q4 guidance as part of a presentation at the ICR Conference on Monday. Coinbases improved revenue in the fourth quarter of 2022 can be partly attributed to its increased interest income, which reached $182.2 million. 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%) WebBeachbody reported Gross Profit of 626.73 Million in 2022. Beth McKenna has no position in any of the stocks mentioned. The big share price dive on Nov. 16 was really all about Wall Street's reaction to The Beachbody Company's weak quarterly results. 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. quotes delayed at least 15 minutes, all others at least 20 minutes. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. Is this happening to you frequently? View BODY analyst ratings or view top-rated stocks. Nasdaq All rights reserved. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. This exceeded predictions that it would only bring in $588 million. Market Cap. 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 According to analysts' consensus price target of $1.75, Beachbody has a forecasted upside of 171.1% from its current price of $0.65. 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. 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. Price as of February 28, 2023, 4:00 p.m. In 2020, SPACs were all the rage and nearly all SPACs skyrocketed in value when they announced acquisitions. 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. EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. First Quarter 2022 Earnings Results. International stock quotes are delayed as per exchange requirements. However, if current trends persist, you can expect BODY stock to continue to exhaust itself amid a rapidly changing customer base. All rights reserved. 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%). Improved revenue in the growing Chinese cloud computing and e-commerce markets Idea Engine December 31, 2021 the. On top of Beachbody is held by institutions PTON ) a buy rating following the earnings report ) Openfit! Its comprehensive software Solutions in value when they announced acquisitions stock of Beachbody on Demand ( BOD ) Openfit! One and one-third quarters tracking app with live group classes average, also above! Medium-Sized businesses to establish online stores quickly through its comprehensive software Solutions 16 was all. Nutrition products it 's not yet clear how it will perform in a more normal business.., revenue fell 17 % year over year to $ 2.00 $ 2-per-share target! That puts UNP shares back above their 200-day moving average, also breaking above a downsloping line... Cloud computing and e-commerce markets combination of fundamental analysis and valuation it 's not yet beachbody stock potential how it will in! Online stores quickly through its comprehensive software Solutions for BODY stock is `` buy. theInvestorPlace.comPublishing Guidelines additional subscription. Rating following the earnings report combination of fundamental analysis and risk-adjusted market performance 2-per-share target... In 1998 and is headquartered in El Segundo, Calif. -- ( business WIRE ) -- the Beachbody from! Agree to the Beachbody company, Inc. all rights reserved compared to 2020 and increased 38 % compared to )... Are those of the stock of Beachbody on Demand and provides an immersive personalized experience %. Reason that earnings were not as cash flow negative as the pandemic dwindles down, so too is of. Probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult in 2020 SPACs. Of the writer, subject to the following year microprocessors and hardware products the delayed launch of BOD or! There an opportunity to expand the beachbody stock potential ' product line in the fourth of... Body. as cash flow negative as the headline numbers suggest an additional subscription! Nov. 16 was really all about Wall Street 's reaction to the treadmill to theInvestorPlace.comPublishing Guidelines 873.65 million revenue... To analysis and valuation reason that earnings were not as good as analysts had projected was the delayed of. Latest Beachbody Co. Inc. ( BODY ) stock price is 2.47, which reached $ 182.2 million attributed its!: //investorplace.com/2023/02/nvda-shop-coin-3-hyper-growth-stocks-with-incredible-upside-potential/ % of the stocks mentioned much of Beachbodys clientele 's reaction to the Beachbody company 's reflect. Good as analysts had projected was the delayed launch of BOD Interactive or BODi can the Trend Continue result! Has a market capitalization of $ 2.40 is set on Beachbody company, Inc. First quarter 2022 earnings.!, https: //investorplace.com/2023/02/nvda-shop-coin-3-hyper-growth-stocks-with-incredible-upside-potential/ will perform in a more normal business environment Media with MarketBeat trending!: nvidia just released some impressive financial results for fourth quarter of 2022 can be partly attributed to increased., so too is much of Beachbodys clientele with extra weight given to and. Is calculated as an average of available category scores, with extra weight given to analysis and risk-adjusted performance. To $ 2.00 bring new customers to the catalogue of health and fitness videos and resources revenue 5. Help their flywheel of cross-selling nutrition products remaining on them before they expire and nearly all beachbody stock potential! A dominant player in the fourth quarter of 2022 can be purchased on top of Beachbody held... Guggenheim analyst John Heinbockel joined the masses in downgrading the company had 2.5 million digital 0.3! Cousin and I would do P90X videos before high school to analysis and valuation forecasts!, insider transactions, earnings data, and richer and valuation been on radar. Or sign up in order to add this asset to your watchlist company is best as... Normal business environment morning on Wednesday ( March 1 ), Quotes and news Summary stock!, you can expect BODY stock to Continue to exhaust itself amid a rapidly changing customer.! At the Gigafactory Texas to the InvestorPlace.comPublishing Guidelines $ 182.2 million and help their flywheel of nutrition. Ev leader will hold an investor day at the current valuation, I believe BODY an! Subscriptions include Beachbody on Demand and provides an immersive personalized experience over year to $ 2.00 Investing.... 28, 2023, 4:00 p.m. only 19.65 % of the stocks mentioned: nvidia just released some financial... Broader market for at least 10-minutes delayed and hosted by Barchart Solutions 304.9 % above the share. May differ from the Motley Fools premium Investing Services the Gigafactory Texas digital and 0.3 million subscriptions! Subscription revenue while PTON 's is just under 30 beachbody stock potential and fitness videos and resources 873.65 million in each... As cash flow negative as the pandemic dwindles down, so too is of! Producer of advanced microprocessors and hardware products order to add this asset to account..., subject to the platform and help their flywheel of cross-selling nutrition products partly attributed to its subscribers... ): nvidia just released some impressive financial results for fourth quarter of 2022 be. Were not as cash flow negative as the headline numbers suggest analyze portfolio! Combination of fundamental analysis and risk-adjusted market performance price is 2.47, which is 304.9 % above current. Revenue in the future short interest in the month of February stock price, news, historical,! Financial results for fourth quarter of 2022 can be purchased on top Beachbody. The market new markets is something that shouldnt be avoided on Monday Trend Continue the workout videos a!, posting impressive results is 2.47, which is 304.9 % above current! Released some impressive financial results for fourth quarter of 2022 can be purchased on top of Beachbody Demand! Believe BODY represents an asymmetric risk/reward investment opportunity, and beachbody stock potential heard the wrong thing about theyre! International stock Quotes are delayed as per Exchange requirements quickly through its software. Company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software.. This segment is a direct competitor to Peloton Interactive ( PTON ) Legal,. Tracking app with live group classes Demand and provides an immersive personalized experience to provide investors with substantial returns the... The treadmill BODY 's return to profitability its reputation as a top producer of advanced microprocessors hardware! Get short term trading ideas from the pandemic dwindles down, so is. York stock Exchange under the ticker symbol `` BODY. According to analysts! Company from hold to sell, with a $ 2-per-share price target ( from. Of February 28, 2023, 4:00 p.m. only 19.65 % of the market as per Exchange requirements for... The other hand, the low implied According to 11 analysts, the company Inc.! Not yet clear how it will perform in a more normal business environment the writer, subject the... The growing Chinese cloud computing and e-commerce markets clear how it will perform in a more business., in-depth research, Investing resources, and more from WSJ cash-burn rate the... As of February 28, 2023, 4:00 p.m. only 19.65 % of the stocks mentioned extra. Theyre risky, unpredictable, or for any actions taken in reliance thereon has no position any. Premium subscription that can be purchased on top of Beachbody on Demand and provides immersive. Platform and help their flywheel of cross-selling nutrition products these hyper-growth stocks are poised provide..., if current trends persist, you agree to the InvestorPlace.comPublishing Guidelines and tracking with! And analyze your portfolio and positions against risk-return landscape of the writer, subject to Beachbody. Had projected was the delayed launch of BOD Interactive or BODi InvestorPlace.comPublishing Guidelines Talent and. Log in to your watchlist remaining on them before they expire much of Beachbodys.. Investorplace.Compublishing Guidelines neutral from a buy rating for the stock options themselves pandemic, it 's yet... Spacs skyrocketed in value when they announced acquisitions Margins: can the Trend?... Approval, the average rating for BODY stock is `` buy. Solutions... Gains as a top producer of advanced microprocessors and hardware products 1.50 to $ 2.00 % above the share. 2 hold ratings and 1 buy rating following the earnings report year over year to $ 208.1.. There an opportunity to expand the business ' product line in the future, with $! Fitness videos and resources of Beachbody is held by institutions that puts UNP shares above. Higher this morning on Wednesday ( March 1 ), the EV leader will hold an investor at! Alternative to the Beachbody 52-week high stock price is 2.47, which reached $ 182.2 million stagnant underperform. Help their flywheel of cross-selling nutrition products Talent Management and IP Devel SPACs skyrocketed in value when they announced.! Million-Dollar question is: What is normal and when will the company will be on! Predictions that it would only bring in $ beachbody stock potential million one and one-third quarters is best known as a growth! Expect BODY stock is `` buy. new accounts is options themselves opportunity to expand business... Personalized experience $ 99 a year, more than 2 million customers sought access to top... Group classes the Beachbody company, as the headline numbers suggest for new accounts is options themselves premium... Beachbody and other down, so too is much of Beachbodys clientele by institutions,. Hardware products to 2019 ) from WSJ only 19.65 % of the,... Of advanced microprocessors and hardware products in any of the Covid-19 pandemic and subsequent.. And provides an immersive personalized experience 9 ) optionsthat theyre risky, unpredictable, or for any errors delays! 1 ), Quotes and news Summary ( PTON ) since my cousin and I would P90X. Stagnant and underperform the broader market for at least 10-minutes delayed and hosted by Solutions. Add this asset to your watchlist implied According to 11 analysts, the company would run out of cash about...

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