Currently, 7.4% of the company's stock are short sold. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Beachbody will be holding an earnings conference call on Tuesday, March 14th at 5:00 PM Eastern. 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. Is Target Stock Aiming For A Breakout In 2023? The Beachbody 52-week low stock price is 0.50, which is 18% below the current share price. The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 14th 2023. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Beachbody was actually one of the few companies that saw gains as a result of the Covid-19 pandemic and subsequent quarantine. The company employs 1,021 workers across the globe. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. Adopt the AI Revolution Before It Crowns the Next-Generation of Billionaires. Unfortunately for the company, as the pandemic dwindles down, so too is much of Beachbodys clientele. Beachbody Company. Beachbody stock price prediction is an act of determining, It is a matter of debate whether stock price prediction based on, Sophisticated investors, who have witnessed. Invest better with The Motley Fool. 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. 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. This additional subscription allows access to a community, daily activity tracking and healthy cooking shows. Upgrade to remove this ad. 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. Beachbody saw a increase in short interest in the month of February. Last quarter disappointed investors but I think management can turn this business around. Heinbockel also warned readers of potential short-term volatility as it settles into its new price level. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? If the stock does recover, these could provide a share hangover, as these could be converted into 15,333,333 Class A shares. In the past three months, Beachbody insiders have not sold or bought any company stock. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Another reason that earnings were not as good as analysts had projected was the delayed launch of BOD Interactive or BODi. As of January 15th, there was short interest totaling 8,870,000 shares, an increase of 3.0% from the previous total of 8,610,000 shares. Shopify (SHOP): This stock is a great pick for those focused on the future of e-commerce. Losses were -$228.38 million, 965.6% more than in 2020. This suggests a possible upside of 171.1% from the stock's current price. BODY is not as cash flow negative as the headline numbers suggest. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! Sign up below to get this incredible offer! Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. quotes delayed at least 15 minutes, all others at least 20 minutes. 1 Year High. 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. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. Subscription revenue with a high retention rate is really valuable and a potential acquirer would view this very favorably. View, Average Directional Movement Index Rating. It offers holistic health and wellness platforms. At its current price of $40 per share, the company has an enterprise value of $51.6 billion, or eight times the projected revenue for 2023. The Companys platforms include the Beachbody On Demand streaming platform (BOD), the live digital streaming platforms Beachbody On Demand Interactive Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Beachbody Revenue + Projected Revenue 2018 2025. Additionally, it has $141 million of inventory, $14 million of prepaid expenses, $48.5 million of other current assets as well as $115.4 million of property and equipment. Those are staggering figures and make one think they would run out of cash soon when extrapolating out those figures. The Beachbody 52-week high stock price is 2.47, which is 304.9% above the current share price. 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. Copyright In the latest quarterly report, BODY did not perform as well as analysts had expected and the stock sold off substantially. Amanda Krause/Insider. In Q3, the company used cash of $113.8 million running its operation and burned through total cash of $147.4 million. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. Sign-up to receive the latest news and ratings for Beachbody and its competitors with MarketBeat's FREE daily newsletter. Source: Kantar Media, BODY will report FY 2023 earnings on 03/14/2023, BODY will report Q4 earnings on 05/08/2023. However, these events are big revenue drivers for BODY so it has a diversified business model that can thrive in both types of environments. The previous year, the company posted a record-setting quarter with revenue of $7.64 billion, $3 billion of which was pure profit. Because of COVID's impacts, these events have been canceled and this segment has taken a hit as a result. 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 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. Is this happening to you frequently? View the best growth stocks for 2023 here. When done correctly, Beachbody's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Beachbody. WebBeachbody Company (BODY) Stock Forecast & Price Target 346 Followers Portfolio See the Price Targets and Ratings of: All Analysts Top Analysts Premium BODY Analyst What Is the Best Tech Stock to Buy Now? BODY reported revenue of $207.05M and GAAP EPS of -$0.13 per share. 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. This company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions. WebHuileng Tan. 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. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? By accessing this page, you agree to the following However, with this product now being launched, they can now ramp up campaigns and sign up customers. It all happens at the free AI Super Summit. Does Dycom Industries (USA Stocks:DY) create value for investors? Compared to the companys third-quarter revenue of $576 million, this marks a 5% increase in revenue for the company. How Long Can Wingstop Stock Continue to Defy Gravity? 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. Or is there an opportunity to expand the business' product line in the future? Price as of February 28, 2023, 4:00 p.m. Buy THIS stock before Taiwan is attacked (Ad). The Beachbody Company, Inc. was founded in 1998 and is headquartered in El Segundo, California. This exceeded predictions that it would only bring in $588 million. Is this happening to you frequently? This comes as more and more Americans go back to the gym. What is Beachbody's stock price forecast for 2023? More Financials. Nvidias high-end graphics cards and custom chips are crucial in the gaming industry and other fast-growing segments like artificial intelligence and cryptocurrency mining. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "129200". 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. For 2021, it now expects the following: Investors should keep an eye on Beachbody's cash situation. 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. Announces Third Quarter 2022 Financial Results, The Beachbody Company, Inc. This might drive the stock higher in the near term. Shopifys current premium valuation is due to its reputation as a groundbreaking growth stock. During the earnings call conference, BODY's management noted this and said they're "working closely with various media platforms to develop new solutions as well as harnessing our own data and advanced attribution models to optimize media." 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 Today, home-workout company Beachbody(NYSE:BODY) is falling fast to a new all-time low after a lukewarm earnings report. In 2021, BODY's revenue was $873.65 million, an increase of 1.17% compared to the previous year's $863.58 million. The California-based company has been on a somewhat steady downward trajectory since its initial public offering (IPO) in January. Each of these warrants are exercisable at a price per share of $11.50, subject to adjustments. Rounding out this list of hyper-growth stocks with incredible upside potential is Coinbase (NASDAQ:COIN). Today, one of the stocks many retail investors were watching closely was Beachbody (NYSE: BODY ). Free-Float. Compare Top Brokerages Here. Beachbody does not currently pay a dividend. And it couldnt be more wrong! Reuben Gregg Brewer has no position in any of the stocks mentioned. Stock price as of Feb. 24, 2023: $35.80. Beachbody has received a consensus rating of Hold. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. stock was originally listed at a price of $10.20 in Nov 25, 2020. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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. 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