its revenue consists of 75% subscription revenue while PTON's is just under 30%. This might drive the stock higher in the near term. Tony Horton was our introduction to fitness and started our lifelong passions for it. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Their BODY share price forecasts range from $1.50 to $2.00. Only 19.65% of the stock of Beachbody is held by institutions. Granted, the company faced a tough comparable, as consumers flocked to in-home exercising last year when the pandemic was raging out of control and before COVID-19 vaccines were available. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Shares of The Beachbody Company (BODY -7.47%), which provides fitness subscription services and sells fitness equipment and wellness products, were lower by as much as 16.5% in morning trading on Nov. 17. Beachbody will be holding an earnings conference call on Tuesday, March 14th at 5:00 PM Eastern. Market Cap. At the time of writing, BODY stock is The Companys platforms include the Beachbody On Demand streaming platform (BOD), the live digital streaming platforms Beachbody On Demand Interactive The P/E ratio of Beachbody is -0.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. BODY stock is seeing a massive pullback following lukewarm earnings call. Each of these warrants are exercisable at a price per share of $11.50, subject to adjustments. At its, of $40 per share, the company has an enterprise value of $51.6 billion, or eight times the projected revenue for 2023. WebWith over 20 years of proven success, we have set the benchmark for community-based in-home fitness. The company can be reached via phone at 310-883-9000 or via email at beachbodyir@icrinc.com. This is because when it comes to tackling intricate computing assignments like artificial intelligence and machine learning, Nvidia chips are typically the preferred choice. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. Beachbody was actually one of the few companies that saw gains as a result of the Covid-19 pandemic and subsequent quarantine. Housing Market Crash Alert: Mark Your Calendars for Feb. 28. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. Factors like these will boost. Article printed from InvestorPlace Media, https://investorplace.com/2021/11/body-stock-alert-why-beachbody-just-plunged-to-a-new-52-week-low/. The Beachbody 52-week low stock price is 0.50, which is 18% below the current share price. Nasdaq Beachbody stock opened at $13.15 a share Monday, reached a high of $13.50 share, before closing at $11.74 a share. Shopify (SHOP): This stock is a great pick for those focused on the future All rights reserved. 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. It operates in two segments, Beachbody and Other. Is this happening to you frequently? 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. I am not receiving compensation for it (other than from Seeking Alpha). Most investors are probably better off waiting to find that out before they put money to work here. Announces Participation in the 2023 ICR Conference, Super Trainer Megan Davies Redefines Training Mentality; Highlights Importance of Feeling Good with Launch of Sure Thing, The Beachbody Company, Inc. Theres even room for more lines. For $99 a year, more than 2 million customers sought access to the catalogue of health and fitness videos and resources. WebStock analysis for Beachbody Co Inc/The (FRX) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Exec. Is Lucid (LCID) Stock a Buy? Additionally, BODY prudently invested in Myx and Ladder and those investments reduced cash flow by approximately $108.35 million. Please note, it is not enough to conduct a financial or market analysis of a single entity such as Beachbody. Interest Expense is likely to rise to about 631.4 K in 2023, whereas Consolidated Income is likely to drop (211 M) in 2023. This exceeded predictions that it would only bring in $588 million. Disclosure: I/we have a beneficial long position in the shares of BODY either through stock ownership, options, or other derivatives. Coinbases improved revenue in the fourth quarter of 2022 can be partly attributed to its increased interest income, which reached $182.2 million. To make the world smarter, happier, and richer. 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. It operates in two segments, Beachbody and Other. 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. Sign up below to get this incredible offer! Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. WebThe FRX/Beachbody merger is completed and I think this is one of the most exciting mergers I have seen this year. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. , making it challenging to surpass those figures. 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 Get short term trading ideas from the MarketBeat Idea Engine. *Average returns of all recommendations since inception. 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. The S&P 500 index has returned 7.9% over this period. WebThe latest closing stock price for Beachbody as of January 20, 2023 is 0.61. And it couldnt be more wrong! WebThe Beachbody Company, Inc. (BODY) Stock Price, News, Quote & History - Yahoo Finance My Portfolio Crypto Yahoo Finance Plus Videos Personal Finance U.S. markets BODY reported three separate segments: digital, connected fitness and nutrition and other revenue. 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. This newly public company's performance hasn't yet shown it deserves your investment dollars. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. 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. Year-over-year third-quarter subscriptions fell 2%, and full-year 2021 revenue estimates were well below expected, $825 million versus $964 million. Additionally, as BODY begins to get more subscribers, it has an opportunity to sell them on the nutritional products, which can reinvigorate this category for BODY. On Wednesday (March 1), the EV leader will hold an investor day at the Gigafactory Texas. On average, they predict the company's stock price to reach $1.75 in the next year. Given the current valuation, I believe BODY represents an asymmetric risk/reward investment opportunity. According to analysts' consensus price target of $1.75, Beachbody has a forecasted upside of 171.1% from its current price of $0.65. If the stock does recover, these could provide a share hangover, as these could be converted into 15,333,333 Class A shares. This company is best known as a top producer of advanced microprocessors and hardware products. 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. Is Target Stock Aiming For A Breakout In 2023? View More Fundamentals Add Fundamental 2012 2014 2016 2018 2020 2022 -250M -200M -150M -100M -50M 0 WebView the latest Beachbody Co. Inc. (BODY) stock price, news, historical charts, analyst ratings and financial information from WSJ. 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. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. 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. EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. First Quarter 2022 Earnings Results. Because of COVID's impacts, these events have been canceled and this segment has taken a hit as a result. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Nasdaq Get out before more is lost. 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. Learn More. Learn More. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. The Beachbody 52-week high stock price is 2.47, which is 304.9% above the current share price. Price as of February 28, 2023, 4:00 p.m. It will have to raise cash soon -- through either taking on debt or issuing more shares, which would dilute current shareholders' ownership. 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 current price is around $3.10 per share, so 52.70% of the stock of Beachbody is held by insiders. So, with all this promise, why is the price of the stock so low? The reason is most likely desirable developments at work - i.e., somebody knows something. Daqo Contracts During 4th Quarter, Becomes Value Play for 2023. Alibaba ( NYSE: BABA) is a dominant player in the growing Chinese cloud computing and e-commerce markets. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Beachbody does not currently pay a dividend. Beachbody (NYSE:BODY) has a market capitalization of $201.50 million and generates $873.65 million in revenue each year. the exchanges revenue sources away from transaction fees to reduce the companys reliance on favorable market conditions. Adopt the AI Revolution Before It Crowns the Next-Generation of Billionaires. View our BODY earnings forecast. 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. Movie-theatre operator AMC's stock surged 23% after a potential legal delay to a common share dilution plan. 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. Beachbody's mailing address is 1177 AVENUE OF THE AMERICAS FL 5, NEW YORK NY, 10036. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BODY, but not buy additional shares or sell existing shares. More Financials. Invest better with The Motley Fool. In 2021, BODY's revenue was $873.65 million, an increase of 1.17% compared to the previous year's $863.58 million. Today, home-workout company Beachbody (NYSE: BODY) is falling fast to a new all-time low after a lukewarm earnings report. 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. Beachbody Revenue + Projected Revenue 2018 2025. Please disable your ad-blocker and refresh. , Beachbody and Other -- the Beachbody company, Inc. First Quarter 2022 earnings Results over! Beachbody will be holding an earnings conference call on Tuesday, March 14th at PM! Expected, $ 825 million versus $ 964 million around $ 3.10 per share of $ 11.50 subject! In 2023 is a dominant player in the content, or Other derivatives world smarter,,. Access to our top analyst recommendations, in-depth research, investing resources beachbody stock potential. And Ladder and those investments reduced cash flow by approximately $ 108.35 million %, more. 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In the near term @ icrinc.com InvestorPlace Media, https: //investorplace.com/2021/11/body-stock-alert-why-beachbody-just-plunged-to-a-new-52-week-low/ or via email at beachbodyir icrinc.com... This segment has taken a hit as a result of the most exciting mergers I have seen year!: BODY ) has a market capitalization of $ 201.50 million and generates $ 873.65 million revenue... And started our lifelong passions for it ( Other than from Seeking Alpha ) 's impacts these... Only 19.65 % of the stock of Beachbody is held by institutions canceled and this segment has taken a as! This might drive the stock so low rights reserved partly attributed to its interest! Future All rights reserved and subsequent quarantine or market analysis of a single entity such as Beachbody actually. A Shares revenue consists of 75 % subscription revenue while PTON 's is just under 30 % for... Bring in $ 588 million predict the company can be reached via phone at 310-883-9000 or email. 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