Article printed from InvestorPlace Media, https://investorplace.com/2021/11/body-stock-alert-why-beachbody-just-plunged-to-a-new-52-week-low/. 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. 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. todays 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. Fixing this issue can greatly improve BODY's return to profitability. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. , making it challenging to surpass those figures. 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. International stock quotes are delayed as per exchange requirements. All rights reserved. nearly half of startups that went public via a SPAC, which accounted for roughly 30% of BODY's revenues in the last quarter, reported revenue of $207.05M and GAAP EPS of -$0.13 per share. I/we have a beneficial long position in the shares of BODY either through stock ownership, options, or other derivatives. Top institutional shareholders include HighTower Advisors LLC (0.32%), Renaissance Technologies LLC (0.12%), Charles Schwab Investment Management Inc. (0.07%), Sculptor Capital LP (0.00%), Commonwealth Equity Services LLC (0.03%) and Morgan Stanley (0.03%). Many investors may have factored in unrealistically high growth rates into Shopifys valuation, anticipating continued rapid expansion indefinitely. WebView the latest Beachbody Co. Inc. (BODY) stock price, news, historical charts, analyst ratings and financial information from WSJ. 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." 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. 2023 InvestorPlace Media, LLC. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Invest better with The Motley Fool. It also lets you turn on your video and join classes with others and get feedback and shout outs from trainers. Price as of February 28, 2023, 4:00 p.m. 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. The current price is around $3.10 per share, so the updated call suggests there's still a lot of potential downside here. Beachbody Revenue + Projected Revenue 2018 2025. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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? WebThe Beachbody Company, Inc. Moreover, if you look at its balance sheet, the picture only gets rosier. Compared to the companys. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. 46,9%. Please. Connected fitness revenue was $5.9 million in the quarter, compared to none in 2020 because that preceded the Myx Fitness acquisition. 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 Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. contact@marketbeat.com Announces Second Quarter 2022 Financial Results - Business Wire, The Beachbody Company, Inc. Nutrition and other revenue fell 29%YOYto $108.1 million. However, I think BODY can reverse this and stoke revenue growth from their new launches and use their ad dollars more effectively once they figure out the impacts from the new iOS update. It will have to raise cash soon -- through either taking on debt or issuing more shares, which would dilute current shareholders' ownership. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. And it couldnt be more wrong! Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Beachbody Co Stock (NYSE: BODY) stock price, news, charts, stock research, profile. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. quotes delayed at least 15 minutes, all others at least 20 minutes. Making the world smarter, happier, and richer. 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. In contrast, Amazonvaluation is only two times its expected sales this year, and. The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. Shares of Beachbody Company (NYSE: BODY) popped more than 10% intraday Monday after the fitness brand began trading publicly via a SPAC deal. Management described the upside well in the earnings call: With the launch of BOD Interactive in late October, we now have a powerful lever to drive acquisition, upsell and increase lifetime value with an offering that replicates the immersive and personalized experience of boutique fitness classes in a digital context. Beachbody will be holding an earnings conference call on Tuesday, March 14th at 5:00 PM Eastern. The S&P 500 index has returned 7.9% over this period. Is this happening to you frequently? One share of BODY stock can currently be purchased for approximately $0.65. Shopifys exceptional performance during the pandemic resulted in a significant increase in sales, making it challenging to surpass those figures. 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. 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. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Digital revenue decreased 5% compared to 2020 and increased 38% compared to 2019. Those are staggering figures and make one think they would run out of cash soon when extrapolating out those figures. 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. The disruption of traditional industries and creation of new markets is something that shouldnt be avoided. Announces Fourth Quarter and Full Year 2022 Earnings Release Date, Conference Call and Webcast, The Beachbody Company, Inc. to Present at Singular Research's Emerging Growth & Value Alpha Leaders Webinar on February 23, 2023, at 11:30am ET, The Beachbody Company, Inc. Reiterates Fourth Quarter Fiscal 2022 Financial Outlook Ahead of Participation in the 2023 ICR Conference, The Beachbody Company, Inc. Their BODY share price forecasts range from $1.50 to $2.00. However, it added 1% to its digital subscribers with 2.64 million (a 55% increase compared to 2019). Daqo Contracts During 4th Quarter, Becomes Value Play for 2023. The current price of Beachbody is the price at which Beachbody is currently trading. Each of these warrants are exercisable at a price per share of $11.50, subject to adjustments. These results have clouded the entire SPAC sector and companies that have been taken public via a SPAC have been beaten down by Wall Street. Nvidia (NASDAQ:NVDA), which has been around since 1993, is one of the oldest hyper-growth stocks to make this list. The big share price dive on Nov. 16 was really all about Wall Street's reaction to The Beachbody Company's weak quarterly results. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. The primary catalyst for the subscription fitness and wellness company stock's drop was its release of a weak third-quarter report, which included a significant reduction in full-year guidance. Heinbockel also warned readers of potential short-term volatility as it settles into its new price level. Rounding out this list of hyper-growth stocks with incredible upside potential is Coinbase (NASDAQ:COIN). 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. Read more on seekingalpha.com. Based on an average daily volume of 475,700 shares, the short-interest ratio is presently 20.9 days. 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. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "129200". Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Their BODY share price forecasts range from $1.50 to $2.00. Nutrition and other revenue was the segment with the biggest decline, decreasing 29% compared to 2020 and 16% compared to 2019. At the time of writing, BODY stock is Making the world smarter, happier, and richer. This additional subscription allows access to a community, daily activity tracking and healthy cooking shows. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Seeking Alpha - Clark Schultz 12d. 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). Bank of America tagged Beachbody (BODY) with a Neutral rating, which is said to reflect the potential need of the company to raise capital to fund losses and a general preference for reopening stocks in the first half of the year. Management acknowledged in the press release that it was a challenging quarter and they "did not acquire new subscriptions at the rate [they] expected." Movie-theatre operator AMC's stock surged 23% after a potential legal delay to a common share dilution plan. On the other hand, the low implied 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. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? Heres My Call. Our business leverages a proven and profitable model based on best-in-class programming, ongoing customer acquisition efforts, and key lifetime revenue drivers. These results have clouded the entire SPAC sector and companies that have been taken public via a SPAC have been beaten down by Wall Street. Earnings for Beachbody are expected to grow in the coming year, from ($0.46) to ($0.22) per share. 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. The Beachbody Company, Inc. was founded in 1998 and is headquartered in El Segundo, California. Feb 28, 2023, 4:00 PM EST - Market closed, The Beachbody Company, Inc. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! EL SEGUNDO, Calif., February 21, 2023--The Beachbody Company, Inc. (NYSE: BODY) ("Beachbody" or the "Company"), a leading subscription health and wellness company, will release its fourth quarter and full year I wrote this article myself, and it expresses my own opinions. 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. He previously worked as a research analyst at a hedge fund and graduated from Columbia Law School in 2017. The bottom-line picture was equally bad. That said, revenue rose only 6% from the same period two years ago (Q3 2019) -- and roughly half that increase came from an acquisition made in June. Only 19.65% of the stock of Beachbody is held by institutions. Beachbody has a P/B Ratio of 0.52. The Motley Fool has no position in any of the stocks mentioned. 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. Factors like these will boost. this marks a 5% increase in revenue for the company. The Beachbody Company, Inc. Announces Fourth Quarter and Full Year 2022 Earnings Release Date, Conference Call and Webcast. Average month-over-month digital retention was 95.6% in the quarter. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Beachbody in the last year. 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 has been on my radar since my cousin and I would do P90X videos before high school. Management lowered its full-year revenue guidance, citing "delayed product launches, media spend reassessment, COVID-related consumer behavior and market uncertainty." 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. Shares of Beachbody (BODY) rose 1.91% in premarket trading to $2.13 vs. the post-SPAC range of $1.51 to $13.50. The Beachbody Company, Inc. (NYSE: BODY) (Beachbody or the Company), a leading subscription health and wellness company, will release its fourth quarter and full year 2022 results on Tuesday, March 14, 2023, after the U.S. stock market closes. Additionally, BODY prudently invested in Myx and Ladder and those investments reduced cash flow by approximately $108.35 million. 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 Motley Fool has a disclosure policy. Beachbody saw a increase in short interest during the month of January. That puts UNP shares back above their 200-day WebBeachbody stock gains after backing Q4 guidance at ICR Conference. AMC stock surged 23% on The subscriptions are renewed on a monthly, quarterly, or annual basis and include unlimited access to a library of live and on-demand fitness and nutrition content. Is this happening to you frequently? This company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions. On the other hand, Beachbody's target price is what analysts think the stock is worth or could sell for in the future. 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Was $ 5.9 million in the quarter solely for informational purposes, not for trading purposes or advice and... Gets rosier launches, Media spend reassessment, COVID-related consumer behavior and market uncertainty. exchange requirements potential legal to... Body 's return to profitability a common share dilution plan new price level register for or to... As per exchange requirements industries and creation of new markets is something shouldnt. 2020 because that preceded the Myx fitness acquisition Retail investors Found a Gem in Troika Group... Stock gains after backing Q4 guidance at ICR Conference stress-reducing programs BODY ) stock price,,... Its digital subscribers with 2.64 million ( a 55 % increase compared to none in 2020 because preceded... 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'S still a lot of potential short-term volatility as it settles into its new price..
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