Their BODY share price forecasts range from $1.50 to $2.00. Copyright FactSet Research Systems Inc. All rights reserved. The Beachbody Company, Inc. Is Lucid (LCID) Stock a Buy? Digital revenue decreased 5% compared to 2020 and increased 38% compared to 2019. Beachbody Revenue + Projected Revenue 2018 2025. After taking a break from its big year-to-date rally, Tesla ( NASDAQ:TSLA) shares have 52.70% of the stock of Beachbody is held by insiders. 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. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. The Beachbody 52-week low stock price is 0.50, which is 18% below the current share price. predict the probability of Beachbody's future price movements, Sponsored content. The new product category of having the bike will bring new customers to the platform and help their flywheel of cross-selling nutrition products. 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. Notably, these resultswere stronger during the height of the pandemic. Beachbody does not currently pay a dividend. At the current cash-burn rate, the company would run out of cash in about one and one-third quarters. Seeking Alpha authors have a bullish view of BODY. Seeking Alpha authors have a bullish view of However, its business model is no longer one-of-a-kind, and there needs to be more indication that growth will pick up again this year. The Beachbody 52-week high stock price is 2.47, which is 304.9% above the current share price. Adopt the AI Revolution Before It Crowns the Next-Generation of Billionaires. were stronger during the height of the pandemic. 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. All rights reserved. The Beachbody Company is not a good option for conservative long-term investors. Most of this growth in interest income is derived from the companys USDC interest income, totaling $146 million. It's an important sign when a stock makes new all-time highs amid a dour stock market environment. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. 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. 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. WebBeachbody's current and average target prices are 0.66 and 6.15, respectively. WebYahoo Finance Video +6.17%. Fundamental company data and analyst estimates provided by FactSet. All rights reserved. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. 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 Co Stock (NYSE: BODY) stock price, news, charts, stock research, profile. Sign up below to get this incredible offer! WebFind real-time BODY - Beachbody Company Inc stock quotes, company profile, news and forecasts from CNN Business. Beachbody saw a increase in short interest during the month of January. Loop Capital downgraded The Beachbody Company from hold to sell, with a $2-per-share price target (down from $9). Shopifys exceptional performance during the pandemic resulted in a significant increase in sales, making it challenging to surpass those figures. 326 E 8th St #105, Sioux Falls, SD 57103 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. In the quarter 14,700 bikes were sold. Copyright 2023 InvestorPlace Media, LLC. 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. 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. 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). The previous year, the company posted a record-setting quarter with revenue of $7.64 billion, $3 billion of which was pure profit. AMC stock surged 23% on Stock price as of Feb. 24, 2023: $35.80. The search for tophyper-growth stocksmay be less of a priority for many investors. With the current trading range of only $0.258 per warrant, the market is betting that these warrants will expire unexercised, and if that occurs, this warrant liability will be extinguished. This drop was driven by the number of nutrition subscriptions decreasing to 0.34 million, from 0.44 million in the third quarter of last year. At its, of $40 per share, the company has an enterprise value of $51.6 billion, or eight times the projected revenue for 2023. WebThe latest closing stock price for Beachbody as of January 20, 2023 is 0.61. Lorem ipsum dolor sit amet, consectetur adipiscing elit. You can read about the details of expected earnings, their plans and products through the investor presentation. Beachbody has received no research coverage in the past 90 days. A high percentage of insider ownership can be a sign of company health. 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. Third-quarter digital revenue dropped 5% year over year (YOY) to $94.1 million. The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges. 2023 InvestorPlace Media, LLC. 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. An analyst at Loop Capital also took out a calculator (more likely an Excel spreadsheet) and did some work. 1125 N. Charles St, Baltimore, MD 21201. 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. That said, these companies are often at the forefront of innovation. It has established a strong reputation as one of the most desirable chip manufacturers in the world. This suggests a possible upside of View, Average Directional Movement Index Rating. : This stock is a great pick for those focused on the future of e-commerce. On Wednesday (March 1), the EV leader will hold an investor day at the Gigafactory Texas. Company. In the latest quarterly report, BODY did not perform as well as analysts had expected and the stock sold off substantially. EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY) (Beachbody or the Company), a leading subscription health and wellness company, will release its fourth quarter and fu EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY) (the "Company" or "Beachbody"), a leading subscription health and wellness company, today announced that Carl Daikeler, Co Every few days, I read or hear the news that strongly indicates that the U.S. is not going to undergo a recession in 2023. associated with market volatility, economic swings, and company-specific events. 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. These meme stocks to sell are mostly relics from the pandemic that continue to hang on. And it couldnt be more wrong! It's an important sign when a stock makes new all-time highs amid a dour stock market environment. Theres even room for more lines. On the liability side, it has current liabilities of $277.67 million, with deferred revenue constituting the largest segment with $127.89 million. Adjusted earnings before interest, taxes, depreciation, and amortization (. WebStock analysis for Beachbody Co Inc/The (FRX) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Beachbody operates several business segments which are complementary: Beachbody, Openfit, Myx and its nutritional business. 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. This is a strategy that has gained significant traction since the onset of the pandemic. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Free-Float. 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. Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. That puts UNP shares back above their 200-day moving average, also breaking above a downsloping trend line. 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 - Business Wire, The Beachbody Company Makes In-Home Fitness and Eating Plans Even More Affordable with New BODi Bike Studio Bundle, Including a 3 Year Subscription, Beachbodys Newest Super Trainer, Andrea Rogers, Debuts All New Cardio-Dance Program, "XB Sweat + Sculpt", Beachbody Company (NYSE:BODY) shareholders have endured a 81% loss from investing in the stock a year ago - Nasdaq, Beachbody Company (NYSE:BODY) shareholders have endured a 81% loss from investing in the stock a year ago, The Beachbody Company to Participate in the Jefferies Virtual Fitness & Wellness Summit - Business Wire, The Beachbody Company to Participate in the Jefferies Virtual Fitness & Wellness Summit, Beachbody Company Misses Q2 EPS by 3c By Investing.com - Investing.com India, The Beachbody Company, Inc. Copyright 2023 InvestorPlace Media, LLC. Beachbody's mailing address is 1177 AVENUE OF THE AMERICAS FL 5, NEW YORK NY, 10036. However, it is important to note that because of BODY's accounting methods, it only recognizes revenue when the bikes are delivered and only 44% of those bikes were delivered. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Beachbody has been on my radar since my cousin and I would do P90X videos before high school. 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. Price as of February 28, 2023, 4:00 p.m. The disruption of traditional industries and creation of new markets is something that shouldnt be avoided. One share of BODY stock can currently be purchased for approximately $0.65. Daqo Contracts During 4th Quarter, Becomes Value Play for 2023. All rights reserved. 2023 InvestorPlace Media, LLC. 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. This might drive the stock higher in the near term. 3 brokers have issued 1-year price objectives for Beachbody's shares. Openfit is a personalized nutrition programming and tracking app with live group classes. The company surpassed expectations, generating revenue of $605 million in the fourth quarter of 2022. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance. Investors, meanwhile, focused on some notable insider trades. 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. 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