The current price is around $3.10 per share, so The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings. Connected-fitness revenue was $5.9 million, compared to none in the year-ago period. This exceeded predictions that it would only bring in $588 million. Factors like these will boost. Learn More. 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. Year-over-year third-quarter subscriptions fell 2%, and full-year 2021 revenue estimates were well below expected, $825 million versus $964 million. 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 NEW YORK , April 5, 2022 /PRNewswire/ --Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim SANTA MONICA, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY), ("Beachbody" or the "Company"), a leading subscription health and wellness company, today announced the launch of its m Daily market news in bullet point format. Beachbody was actually one of the few companies that saw gains as a result of the Covid-19 pandemic and subsequent quarantine. 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. Subscription revenue with a high retention rate is really valuable and a potential acquirer would view this very favorably. Thomas Barwick/DigitalVision via Getty Images. The Company will host a conference call at 5:00 p.m. (Eastern Time) that day to predict the probability of Beachbody's future price movements, Sponsored content. Our 7 Top Picks. Most investors and analysts believe that BODY is similar to PTON in that it would perform better during a COVID surge because less people would go into a gym and would prefer at-home workouts. Get short term trading ideas from the MarketBeat Idea Engine. Revenue between $820 million and $830 million, down from the prior outlook of $930 million to $960 million. View, Average Directional Movement Index Rating. Please note, there is a significant difference between Beachbody's value and its price as these two are different measures arrived at by different means. Get daily stock ideas from top-performing Wall Street analysts. Union Pacific Stock Retakes Support. Article printed from InvestorPlace Media, https://investorplace.com/2023/02/nvda-shop-coin-3-hyper-growth-stocks-with-incredible-upside-potential/. Regardless, if you invest at these levels and the stock broaches the $11.50 level, I think most investors would be fine with the dilution after that return. Is Lucid (LCID) Stock a Buy? The Companys platforms include the Beachbody On Demand streaming platform (BOD), the live digital streaming platforms Beachbody On Demand Interactive Loop Capital downgraded The Beachbody Company from hold to sell, with a $2-per-share price target (down from $9). The current price of Beachbody is the price at which Beachbody is currently trading. The search for tophyper-growth stocksmay be less of a priority for many investors. Making the world smarter, happier, and richer. 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. It will have to raise cash soon -- through either taking on debt or issuing more shares, which would dilute current shareholders' ownership. 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. 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. While Shopifys prospects remain bright, investors will only hesitate to invest if there is a sudden uptick in development or the companys valuations drop significantly. Walgreens Boots Alliance is a mouthful of a name, but its a great company for income investors. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. It all happens at the free AI Super Summit. Theres even room for more lines. Beachbody is a holding company involved in offering streamed and live fitness, nutrition programs and various products. Only 19.65% of the stock of Beachbody is held by institutions. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Copyright Beachbody stock opened at $13.15 a share Monday, reached a high of $13.50 share, before closing at $11.74 a share. 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. The all-time high Beachbody stock closing price was 12.74 on June 28, 2021. Walgreens Boots Alliance. Reuben Gregg Brewer has no position in any of the stocks mentioned. And it couldnt be more wrong! Another reason that earnings were not as good as analysts had projected was the delayed launch of BOD Interactive or BODi. This is because when it comes to tackling intricate computing assignments like artificial intelligence and machine learning, Nvidia chips are typically the preferred choice. View More Fundamentals Add Fundamental 2012 2014 2016 2018 2020 2022 -250M -200M -150M -100M -50M 0 Unfortunately for the company, as the pandemic dwindles down, so too is much of Beachbodys clientele. 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. 2021 revenue or earnings targets that they provided to investors. Nasdaq 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. Identify stocks that meet your criteria using seven unique stock screeners. All rights reserved. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The company is prominently known as the largestcryptocurrency exchange in the US. However, today's drop needs to be put into a larger context, given that the stock has now lost about a third of its value in just the last two days. : Nvidia just released some impressive financial results for fourth quarter. Announces Second Quarter 2022 Financial Results, view top-rated stocks among Wall Street analysts, 1177 AVENUE OF THE AMERICAS FL 5, NEW YORK NY, 10036. For those who crave workouts with others, they can subscribe to BODi. 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. 2023 Stock Analysis. The Beachbody 52-week low stock price is 0.50, which is 18% below the current share price. Price as of February 28, 2023, 4:00 p.m. This compares with the S&P 500 index's 0.8% decline last month. were stronger during the height of the pandemic. Sales were down across its main businesses. In addition to these business segments, BODY sells a nutritional shake, called Shakeology, which accounted for roughly 30% of BODY's revenues in the last quarter. Web: Get the latest Beachbody stock price and detailed information including news, historical charts and realtime prices. Lorem ipsum dolor sit amet, consectetur adipiscing elit. The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Beachbody has received no research coverage in the past 90 days. Shopifys current premium valuation is due to its reputation as a groundbreaking growth stock. [Read more]. Volume. Digital revenue decreased 5% compared to 2020 and increased 38% compared to 2019. It offers holistic health and wellness platforms. Invest better with The Motley Fool. Because of COVID's impacts, these events have been canceled and this segment has taken a hit as a result. Heinbockel also warned readers of potential short-term volatility as it settles into its new price level. It operates in two segments, Beachbody and Other. Day Range 0.682 - WebBeachbody Company (BODY) Stock Forecast & Price Target 346 Followers Portfolio See the Price Targets and Ratings of: All Analysts Top Analysts Premium BODY Analyst Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. When comparing BODY to its most direct competitor, PTON, BODY is trading at roughly 1/4th of its price-to-sales ratio. 2023 InvestorPlace Media, LLC. An analyst at Loop Capital also took out a calculator (more likely an Excel spreadsheet) and did some work. The Motley Fool has a disclosure policy. 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. Engagement was down from 2020, with total streams declining 26% to 35.9 million, but this number was 35% higher than in the two-years-ago period. BODY is not as cash flow negative as the headline numbers suggest. Beth McKenna has no position in any of the stocks mentioned. 46,9%. 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. Finally, management is being prudent and given the pivot to work from anywhere, it has assigned the three years of its Santa Monica office lease, saving approximately $5 million in 2021 and $9 million annually through 2025. Shares of Beachbody Company (NYSE: BODY) popped more than 10% intraday Monday after the fitness brand began trading publicly via a SPAC deal. WebYahoo Finance Video +6.17%. 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. Cost basis and return based on previous market day close. To make the world smarter, happier, and richer. 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 View BODY analyst ratings or view top-rated stocks. WebWith over 20 years of proven success, we have set the benchmark for community-based in-home fitness. 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. Management significantly lowered full-year revenue guidance. Furthermore, BODY has a notable edge over PTON - its revenue consists of 75% subscription revenue while PTON's is just under 30%. 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. Housing Market Crash Alert: Mark Your Calendars for Feb. 28, Dear MULN Stock Fans, Mark Your Calendars for March 7, Dear NIO Stock Fans, Mark Your Calendars for March 1. The reason is most likely desirable developments at work - i.e., somebody knows something. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Our daily ratings and market update email newsletter. Nutritional products include Shakeology, Beachbody Performance supplements, BEACHBARs, and others. Himelson is also the author of a book series to teach kids about business: Kimmy and Jimmy's Business Adventures. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. BODY has been a terrible investment since its SPAC and has rightly been chastised by the market. : This stock is a great pick for those focused on the future of e-commerce. Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk Announces Second Quarter 2022 Financial Results - Yahoo Finance, Beachbody Company Misses Q2 EPS by 3c By Investing.com - Investing.com, The Beachbody Company, Inc. (BODY) CEO Carl Daikeler on Q2 2022 Results - Earnings Call Transcript, Beachbody Company Misses Q2 EPS by 3c By Investing.com - Investing.com Australia, The Beachbody Company, Inc. Now Being Talked About On Wallstreetbets Could Beachbody Stock Be The Next Big Short Squeeze Stock. Moreover, if you look at its balance sheet, the picture only gets rosier. Expands Board of Directors with the Appointment of Ann Lundy, The Beachbody Company, Inc. Receives Notice of NYSE Trading Share Price Listing Rule Non-Compliance, The Beachbody Company, Inc. (BODY) Upgraded to Buy: Here's Why, The Beachbody Company, Inc. EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY), ("Beachbody" or the "Company"), a leading subscription health and wellness company, is excited to announce a new bundle o EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY), ("Beachbody" or the "Company"), a leading subscription health and wellness company, has teamed up with global fitness phe EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY) (Beachbody or the Company), a leading subscription health and wellness company, today announced that Beachbody's Co-Fo EL SEGUNDO, Calif.--(BUSINESS WIRE)--Beachbody Company Second Quarter 2022 Results. Get out before more is lost. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? Average month-over-month digital retention was 95.6% in the quarter. Amanda Krause/Insider. Upgrade to remove this ad. Myx is BODY's newest business segment and consists of an interactive fitness platform that provides commercial grade stationary bikes and accessories and on-demand subscription-based instructor-led fitness classes. Third-quarter digital revenue dropped 5% year over year (YOY) to $94.1 million. So what else is driving the health and wellness platform down? 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