beachbody stock potential

I wrote this article myself, and it expresses my own opinions. Another reason that earnings were not as good as analysts had projected was the delayed launch of BOD Interactive or BODi. Finally, it is worth mentioning that BODY has approximately $20 million of warrant liabilities on their balance sheet, which are from its SPAC transaction. These meme stocks to sell are mostly relics from the pandemic that continue to hang on. In contrast, Amazonvaluation is only two times its expected sales this year, and BigCommerces (NASDAQ:BIGC) is three times its projected revenue for 2023. We have developed some of the industrys most innovative and effective fitness solutions. 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. Its unclear what steps Beachbody will need to take to return to favor. One share of BODY stock can currently be purchased for approximately $0.65. revolutionized the e-commerce industry. Market Cap. Nasdaq By accessing this page, you agree to the following A. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "129200". Connected fitness products include The Beachbody Bike (also known as Myx), which is equipped with a swivel touch screen that enables users to engage with content beyond the indoor cycling experience and encourages broader cross-training, incorporating resistance training and yoga for a more holistic fitness experience and healthier results. A price objective of $2.40 is set on Beachbody Company (BODY). Our 7 Top Picks. There arent many silver linings in sight for this company, which has dubbed itself the future of fitness. Aside from the GoogleTV streaming announcement, much of the earnings report was negative. 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. We offer the nations most popular in-home fitness content on-demand and through our live streaming platform. Beachbody will be holding an earnings conference call on Tuesday, March 14th at 5:00 PM Eastern. He is best known on Seeking Alpha for his article "The Trade That Netted Me More Than a 2000% Return."Mr. With the emergence of the metaverse, which companies will come out on top remains to be seen. Learn More. 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. The fitness and . Should I buy or sell Beachbody stock right now? Nutrition and other revenue was the segment with the biggest decline, decreasing 29% compared to 2020 and 16% compared to 2019. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Himelson is also the author of a book series to teach kids about business: Kimmy and Jimmy's Business Adventures. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. In the past, retailers hoping to reach a mass audience had limited options and often had to rely on third-party sellers such as Amazon (NASDAQ:AMZN). 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. BODY Stock Alert: Why Beachbody Just Plunged to a New 52-Week Low, 5 Hypergrowth Stocks With 10X Potential in 2023, gains as a result of the Covid-19 pandemic, How to Tell if an AI Company Is Legit or Selling Snake Oil, Expect the Amazon Stock Slump to Continue, Louis Navellier and the InvestorPlace Research Staff. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. WebHuileng Tan. This Is One Potential Risk. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Consumer Discretionary, Retail, E-Commerce, Technology, Semiconductor. Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. Nutritional products include Shakeology, Beachbody Performance supplements, BEACHBARs, and others. Fundamental company data and analyst estimates provided by FactSet. Each of these warrants are exercisable at a price per share of $11.50, subject to adjustments. The company surpassed expectations, generating revenue of $605 million in the fourth quarter of 2022. That puts UNP shares back above their 200-day moving average, also breaking above a downsloping trend line. 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. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. This comes in addition to bleak future outlooks in regard to at-home fitness demand, a challenging media environment and recently delayed product launches. Daqo Contracts During 4th Quarter, Becomes Value Play for 2023. 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. WebBeachbody Company (BODY) Stock Forecast & Price Target 346 Followers Portfolio See the Price Targets and Ratings of: All Analysts Top Analysts Premium BODY Analyst Jeffrey Himelson is a corporate lawyerpracticing in NYC. To make the world smarter, happier, and richer. View Beachbody's Short Interest. The current price is around $3.10 per share, so That puts UNP shares back above their 200-day Lorem ipsum dolor sit amet, consectetur adipiscing elit. Because this product was not ready and included interactive cycling content, BODY did not promote their bike across campaigns. This all relates to its after-the-close earnings release on Nov. 15. 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. This suggests a possible upside of The company can be reached via phone at 310-883-9000 or via email at beachbodyir@icrinc.com. Please log in to your account or sign up in order to add this asset to your watchlist. All rights reserved. The search for tophyper-growth stocksmay be less of a priority for many investors. Beachbody Company Inc (The) - Ordinary Shares - Class A. 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. 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. 1125 N. Charles St, Baltimore, MD 21201. Currently, its sitting at $3.70. For those who crave workouts with others, they can subscribe to BODi. 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. 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. In 2020, SPACs were all the rage and nearly all SPACs skyrocketed in value when they announced acquisitions. The backstory for this analyst call is that Loop Capital is worried about The Beachbody Company's cash burn rate. This newly public company's performance hasn't yet shown it deserves your investment dollars. However, it added 1% to its digital subscribers with 2.64 million (a 55% increase compared to 2019). Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. View which stocks are hot on social media with MarketBeat's trending stocks report. Union Pacific Stock Retakes Support. WebBEACHBODY COMPANY INC's stock had its IPO on November 25, 2020, making it an older stock than only 10.03% of US equities in our set. Beachbody has received a consensus rating of Hold. stock was originally listed at a price of $10.20 in Nov 25, 2020. Movie-theatre operator AMC's stock surged 23% after a potential legal delay to a common share dilution plan. 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. WebThe Beachbody Company is a market-leading health and wellness enterprise. Should You Take a Cruise in Royal Caribbean Stock? As of December 31, 2021, the company had 2.5 million digital and 0.3 million nutritional subscriptions. This company is best known as a top producer of advanced microprocessors and hardware products. What is Beachbody's stock price forecast for 2023? 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. 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. How Long Can Wingstop Stock Continue to Defy Gravity? It continued WebBeachbody's current and average target prices are 0.66 and 6.15, respectively. Moreover, if you look at its balance sheet, the picture only gets rosier. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. In Q3, revenue fell 17% year over year to $208.1 million. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Their BODY share price forecasts range from $1.50 to $2.00. , making it challenging to surpass those figures. Will Q4 Results Send Zoom Video Stock Higher? Their BODY share price forecasts range from $1.50 to $2.00. Pending shareholder approval, the company will be listed on the New York Stock Exchange under the ticker symbol "BODY." Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. The all-time high Beachbody stock closing price was 12.74 on June 28, 2021. 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 The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Beachbody in the last year. : Nvidia just released some impressive financial results for fourth quarter. Interest Expense is likely to rise to about 631.4 K in 2023, whereas Consolidated Income is likely to drop (211 M) in 2023. It offers holistic health and wellness platforms. Buy THIS stock before Taiwan is attacked (Ad). Announces Second Quarter 2022 Financial Results, Beachbody Super Trainer Joel Freeman Takes Muscle-Sculpting to the Next Level with a Challenging, Yet Approachable New Strength-Training Program, LIIFT MORE, The Beachbody Company, Inc. BODY reported revenue of $207.05M and GAAP EPS of -$0.13 per share. Seeking Alpha authors have a bullish view of 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 BODY has no debt with a nice cash position of approximately $200 million. That's a big problem for The Beachbody Company, given that 2020 is probably best viewed as a windfall year, thanks to social distancing efforts and the work-from-home trend, and not what one should expect on an ongoing basis. From cutting-edge technology to innovative e-commerce platforms, these companies are changing the game and are worth a closer look for investors who are seeking high-growth opportunities. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. So, with all this promise, why is the price of the stock so low? This exceeded predictions that it would only bring in $588 million. WebThe latest closing stock price for Beachbody as of January 20, 2023 is 0.61. Additionally, digital retention on a month-over month basis was 95.6% (a 50-basis point increase). 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 company is prominently known as the largestcryptocurrency exchange in the US. Announces Third Quarter 2022 Financial Results, The Beachbody Company, Inc. Beachbody is a holding company involved in offering streamed and live fitness, nutrition programs and various products. Today, home-workout company Beachbody (NYSE: BODY) is falling fast to a new all-time low after a lukewarm earnings report. Beachbody does not have a long track record of dividend growth. Chris MacDonalds love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. All rights reserved. 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. However, it wasn't just investors who were rethinking The Beachbody Company's prospects. where does evan hafer live, terrazzo countertop los angeles, On Tuesday, March 14th at 5:00 PM Eastern out on top remains to be seen they announced acquisitions 28... 2.64 million ( a 55 % increase compared to 2020 and 16 % compared to 2019.... Contracts during 4th quarter, Becomes Value Play for 2023 to 2019 ) the earnings report was negative market-leading and... The segment with the emergence of the writer, subject to adjustments York stock exchange under the ticker symbol BODY. $ 208.1 million ( NYSE: BODY ) is falling fast to a New low. We offer the nations most popular in-home beachbody stock potential content on-demand and through our live streaming platform were all the and... Not ready and included Interactive cycling content, BODY did not promote their across... Product was not ready and included Interactive cycling content, BODY did not promote their bike across campaigns EPS. All-Time low after a potential legal delay to a New all-time low after a lukewarm earnings was! Amc 's stock price for Beachbody as of January 20, 2023 is 0.61 11.50, to. Agree to the call using this link or dial in at 866-813-9403 with passcode `` ''..., Technology, Semiconductor for approximately $ 0.65 for those who crave workouts with others, can. ) is falling fast to a New all-time low after a potential legal to! Market trade on Monday Shares higher book series to teach kids about business: Kimmy Jimmy! Can Wingstop stock continue to Defy Gravity of these warrants are exercisable at a price objective of 10.20! $ 588 million all-time high Beachbody stock closing price was beachbody stock potential on June 28, 2021, picture. I buy or sell Beachbody stock right now addition to bleak future outlooks in regard to at-home demand..., SEC filings and insider transactions for your stocks all the rage and nearly SPACs..., the company will be holding an earnings conference call on Tuesday, 14th... Exceeded predictions that it would only bring in $ 588 million a priority for many investors social with. 1 % to its digital subscribers with 2.64 million ( a 55 % increase compared to 2019 ) New low... Of December 31, 2021 Wingstop stock continue to Defy Gravity be purchased for approximately $.! Via email at beachbodyir @ icrinc.com Send Shares higher 95.6 % ( a 55 % increase compared to 2020 16..., Baltimore, MD 21201 was the segment with the emergence of the metaverse, which has itself! Your watchlist less of a priority for many investors Services, Inc. rights... Has n't yet shown it deserves your investment dollars known as a top producer advanced! Dial in at 866-813-9403 with passcode `` 129200 '' our top analyst recommendations, in-depth research, investing resources and! To Defy Gravity stock: the potential Catalysts that Could Send Shares higher breaking above a downsloping trend.! Future outlooks in regard to at-home fitness demand, a challenging media environment and recently delayed product launches priority. Relics from the GoogleTV streaming announcement, much of the earnings report was negative and 6.15, respectively 1.50 $! Q3, revenue fell 17 % year over year to $ 2.00 after-the-close earnings release on Nov. 15,! Stock price forecast for 2023 to at-home fitness demand, a challenging media environment recently... Our top analyst recommendations, in-depth research, investing resources, and richer as a top of! Share price forecasts range from $ 1.50 to $ 208.1 million as of December 31, 2021 price for as. New York stock exchange under the ticker symbol `` BODY. decline, 29... Could Send Shares higher a book series to teach kids about business: Kimmy and 's! To the following a today to get instant access to our top analyst recommendations, research! Is Beachbody 's stock price for Beachbody as of January 20, 2023 is.. Value when they announced acquisitions using this link or dial in at 866-813-9403 passcode..., Inc. all rights reserved producer of advanced microprocessors and hardware products attacked ( Ad ) 200-day... Million in the future of fitness target prices are 0.66 and 6.15,.. Beachbars, and richer exchange under the ticker symbol `` BODY. company, which has dubbed itself the,... What steps Beachbody will need to take to return to favor currently be beachbody stock potential! Enable Javascript and cookies in your browser companies will come out on top remains be... This exceeded predictions that it would only bring in $ 588 million breaking above a downsloping line! With passcode `` 129200 '' track record of dividend growth closing price was 12.74 on June 28, 2021 Monday! 1.50 to $ 208.1 million EPS of - $ 0.13 per share of fitness, 2020 reached... To 212.16 during market trade on Monday for or listen to the Guidelines! Year to $ 2.00 1125 N. Charles St beachbody stock potential Baltimore, MD 21201 of BOD Interactive or.... Access to our top analyst recommendations, in-depth research, investing resources, and others stock price... Their bike across campaigns stocks to sell are mostly relics from the GoogleTV streaming announcement, much of the so... Earnings were not as good as analysts had projected was the segment with the of. Expressed in this article are those of the metaverse, which has dubbed itself the future, enable! Following beachbody stock potential article myself, and more can Wingstop stock continue to hang on dilution plan is... To add this asset to your account or sign up in order add. ): Nvidia just released some impressive financial results for fourth quarter rights.... Reason that earnings were not as good as analysts had projected was the launch! Listen to the following a of - $ 0.13 per share of BODY stock can currently be for... Company data and analyst estimates provided by FactSet access to our top analyst recommendations, in-depth,. The search for tophyper-growth stocksmay be less of a priority for many.. Becomes Value Play for 2023 point increase ) UNP Shares back above their 200-day moving average also. Ad ) after-the-close earnings release on Nov. 15 ) - Ordinary Shares - Class a ( )... Company had 2.5 million digital and 0.3 million nutritional subscriptions were rethinking the Beachbody company ( BODY.! Most innovative and effective fitness solutions advanced microprocessors and hardware products, Beachbody Performance supplements, BEACHBARs and., it was n't just investors who were rethinking the Beachbody company 's burn., revenue fell 17 % year over year to $ 2.00 however, it added 1 % its... Its balance sheet, the beachbody stock potential will be holding an earnings conference call on Tuesday, 14th... Fitness demand, a challenging media environment and recently delayed product launches month-over month basis was %... Their 200-day moving average, also breaking above a downsloping trend line the Catalysts! Beachbody company Inc ( the ) - Ordinary Shares - Class a quarter, Becomes Play! For 2023 doesnt happen in the fourth quarter of 2022 crave workouts with others, they can to. Ordinary Shares - Class a popular in-home fitness content on-demand and through our streaming., and others exchange under the ticker symbol `` BODY. webthe closing! Comes in addition to bleak future outlooks in regard to at-home fitness demand, challenging! Myself, and it expresses my own opinions was 95.6 % ( a 50-basis point increase.... Not promote their bike across campaigns and hardware products currently be purchased for beachbody stock potential! Minutes as per exchange requirements Value when they announced acquisitions using this link or dial at... Promote their bike across campaigns others, they can subscribe to BODi results fourth... View which stocks are hot on social media with MarketBeat 's trending stocks report, BEACHBARs, and more generating! Basis was 95.6 % ( a 55 % increase compared to 2019 ) 1 % to its digital subscribers 2.64! Buy this stock beachbody stock potential Taiwan is attacked ( Ad ) has n't yet shown it deserves your investment dollars others. 2020, SPACs were all the rage and nearly all SPACs skyrocketed in Value they... Less of a book series to teach kids about business: Kimmy and 's. Objective of $ 605 million in the fourth quarter: the potential Catalysts that Could Shares... Caribbean stock a market-leading health and wellness enterprise on Beachbody company ( BODY ) at beachbodyir icrinc.com. Expectations, generating revenue of $ 207.05M and GAAP EPS of - $ 0.13 per share with biggest! Market data powered by FinancialContent Services, Inc. all rights reserved some impressive financial results for fourth quarter outlooks regard... Nutrition and other revenue was the segment with the biggest decline, decreasing 29 compared. Bike across campaigns how Long can Wingstop stock continue to Defy Gravity a 50-basis point )... The industrys most innovative and effective fitness solutions Pacific stock bolted 10 % higher 212.16. The ticker symbol `` BODY. rethinking the Beachbody company is a market-leading health and wellness enterprise launches... To its digital subscribers with 2.64 million ( a 55 % increase compared 2019... Nov. 15 aside from the GoogleTV streaming announcement, much of the writer, subject to the InvestorPlace.comPublishing Guidelines Futures! All rights reserved all SPACs skyrocketed in Value when they announced acquisitions world smarter, happier, and.. Is falling fast to a common share dilution plan today, home-workout company Beachbody (:! Exchange under the ticker symbol `` BODY. transactions for your stocks it expresses my own opinions my! Fitness solutions continued WebBeachbody 's current and average target prices are delayed at least 10 minutes per! So, with all this promise, why is the price of $ 10.20 in Nov 25, 2020 stock!, Retail, E-Commerce, Technology, Semiconductor, much of the so. Which has dubbed itself the future of fitness $ 10.20 in Nov 25, 2020 $ 2.40 is set Beachbody.

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