Fixing this issue can greatly improve BODY's return to profitability. On the other hand, the low implied Management significantly lowered full-year revenue guidance. The company was founded more than 24 years ago and has evolved greatly since then. All rights reserved. Analysts are increasingly upbeat about Alibaba BABA 1.54% stock in the wake of the groups quarterly earnings, which supported the That said, these companies are often at the forefront of innovation. Our daily ratings and market update email newsletter. I/we have a beneficial long position in the shares of BODY either through stock ownership, options, or other derivatives. Could NVIDIA, Intel Become The Face of America's Semiconductors? Heinbockel also warned readers of potential short-term volatility as it settles into its new price level. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. More Financials. I wrote this article myself, and it expresses my own opinions. One share of BODY stock can currently be purchased for approximately $0.65. 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. According to analysts' consensus price target of $1.75, Beachbody has a forecasted upside of 171.1% from its current price of $0.65. To make the world smarter, happier, and richer. Logically, as Americans stayed home, the workout videos became a popular alternative to the treadmill. While Shopifys future remains promising, its main issue is its valuation. Beth McKenna has no position in any of the stocks mentioned. These hyper-growth stocks are poised to provide investors with substantial returns in the future. It was another day of bad news for The Beachbody Company, as both investors and analysts reappraise its future prospects. The company operates Beachbody on Demand, a digital subscription platform that provides access to a library of live and on-demand fitness and nutrition content; and Openfit, a digital streaming platform that provides digital fitness and wellness resource. This comes as more and more Americans go back to the gym. There was a lot of hype in the days before the merger was completed and then the price has fallen very quickly back this week. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. Additionally, BODY prudently invested in Myx and Ladder and those investments reduced cash flow by approximately $108.35 million. Since Beachbody went public on June 28 via a special acquisition purpose company (SPAC), its shares have plunged 80%, as of Dec. 6. Does Dycom Industries (USA Stocks:DY) create value for investors? We have developed some of the industrys most innovative and effective fitness solutions. WebBeachbody reported Gross Profit of 626.73 Million in 2022. It will have to raise cash soon -- through either taking on debt or issuing more shares, which would dilute current shareholders' ownership. Given the current valuation, I believe BODY represents an asymmetric risk/reward investment opportunity. 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. Copyright It also offers nutritional products, such as Shakeology, a once-a-day premium nutrition shake; Beachbody Perf 1125 N. Charles St, Baltimore, MD 21201. Beachbody (NYSE:BODY) has a market capitalization of $201.50 million and generates $873.65 million in revenue each year. 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). Average month-over-month digital retention was 95.6% in the quarter. Our business leverages a proven and profitable model based on best-in-class programming, ongoing customer acquisition efforts, and key lifetime revenue drivers. 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. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Beachbody's stock is owned by many different retail and institutional investors. : Nvidia just released some impressive financial results for fourth quarter. Net loss was $0.13 per share, down from earnings per share of $0.05 in the year-ago period. 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. Only 19.65% of the stock of Beachbody is held by institutions. This compares with the S&P 500 index's 0.8% decline last month. Notably, these resultswere stronger during the height of the pandemic. I am not receiving compensation for it (other than from Seeking Alpha). 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. This might drive the stock higher in the near term. It operates in two segments, Beachbody and Other. Beachbody trades on the New York Stock Exchange (NYSE) under the ticker symbol "BODY.". Walgreens Boots Alliance. 2023 InvestorPlace Media, LLC. You can read about the details of expected earnings, their plans and products through the investor presentation. I have no business relationship with any company whose stock is mentioned in this article. Beachbody has been on my radar since my cousin and I would do P90X videos before high school. It offers holistic health and wellness platforms. Their BODY share price forecasts range from $1.50 to $2.00. While Shopifys future remains promising, its main issue is its valuation. 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. However, when you dig into them further, the figures aren't so scary. this marks a 5% increase in revenue for the company. The Beachbody Company, Inc. was founded in 1998 and is headquartered in El Segundo, California. Learn More. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "129200". Subscription revenue with a high retention rate is really valuable and a potential acquirer would view this very favorably. Nutrition and other revenue fell 29%YOYto $108.1 million. Nutritional products include Shakeology, Beachbody Performance supplements, BEACHBARs, and others. 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. Announces Third Quarter 2022 Financial Results, The Beachbody Company, Inc. Compared to the companys third-quarter revenue of $576 million, this marks a 5% increase in revenue for the company. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The Beachbody Co., Inc. operates as a health and wellness company. At the time of writing, BODY stock is This is a significant increase from the $101.8 million reported in the previous quarter. Each of these warrants are exercisable at a price per share of $11.50, subject to adjustments. 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. 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. Movie-theatre operator AMC's stock surged 23% after a potential legal delay to a common share dilution plan. Beachbody saw a increase in short interest in the month of February. So what else is driving the health and wellness platform down? This company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions. What is Beachbody's stock price forecast for 2023? All rights reserved. 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. 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. Beachbody's stock was trading at $0.5260 at the beginning of the year. Get out before more is lost. 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. & Legal Affairs, Talent Management and IP Devel. Shopify(NYSE:SHOP) hasrevolutionized the e-commerce industry. Is Target Stock Aiming For A Breakout In 2023? The Motley Fool has a disclosure policy. ), which has been around since 1993, is one of the oldest hyper-growth stocks to make this list. It's an important sign when a stock makes new all-time highs amid a dour stock market environment. 5 Hypergrowth Stocks With 10X Potential in 2023, 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. Not shockingly investors sold the stock after the earnings news. Beachbody Company Inc (The) - Ordinary Shares - Class A. American Consumer News, LLC dba MarketBeat 2010-2023. So, with all this promise, why is the price of the stock so low? 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. This company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions. With a price/sales ratio of 0.27, BEACHBODY COMPANY INC has a higher such ratio than just 6.47% of stocks in our set. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. View which stocks are hot on social media with MarketBeat's trending stocks report. Housing Market Crash Alert: Mark Your Calendars for Feb. 28. Source: FactSet. In the past three months, Beachbody insiders have not sold or bought any company stock. However, I think the selloff has been overdone and believe BODY represents and asymmetric risk/reward opportunity. $2.54. This compares with the S&P 500 index's 0.8% decline last month. Currently, its sitting at $3.70. Sign in to your free account to enjoy all that MarketBeat has to offer. At its, of $40 per share, the company has an enterprise value of $51.6 billion, or eight times the projected revenue for 2023. This all relates to its after-the-close earnings release on Nov. 15. Have you ever been surprised when a price of a company such as Beachbody is soaring high, The number of cover stories for Beachbody depends on, Beachbody's future price predictability will typically decrease when Beachbody's long traders begin to feel the short-sellers pressure to drive the price lower. To make the world smarter, happier, and richer. View More Fundamentals Add Fundamental 2012 2014 2016 2018 2020 2022 -250M -200M -150M -100M -50M 0 Loop Capital downgraded The Beachbody Company from hold to sell, with a $2-per-share price target (down from $9). For 2021, it now expects the following: Investors should keep an eye on Beachbody's cash situation. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. AMC stock surged 23% on It has established a strong reputation as one of the most desirable chip manufacturers in the world. In the latest quarterly report, BODY did not perform as well as analysts had expected and the stock sold off substantially. This comes in addition to bleak future outlooks in regard to at-home fitness demand, a challenging media environment and recently delayed product launches. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Moreover, if you look at its balance sheet, the picture only gets rosier. Please log in to your account or sign up in order to add this asset to your watchlist. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. Announces Second Quarter 2022 Financial Results - Business Wire, The Beachbody Company, Inc. Although it benefited from the pandemic, it's not yet clear how it will perform in a more normal business environment. 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. 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