These warrants are pretty far out of the money right now and have less than 5 years remaining on them before they expire. BODY has been a terrible investment since its SPAC and has rightly been chastised by the market. Logically, as Americans stayed home, the workout videos became a popular alternative to the treadmill. Beachbody is a holding company involved in offering streamed and live fitness, nutrition programs and various products. It all happens at the free AI Super Summit. Making the world smarter, happier, and richer. The reason is most likely desirable developments at work - i.e., somebody knows something. However, these events are big revenue drivers for BODY so it has a diversified business model that can thrive in both types of environments. Our daily ratings and market update email newsletter. Price as of February 28, 2023, 4:00 p.m. Shares of Beachbody (BODY) rose 1.91% in premarket trading to $2.13 vs. the post-SPAC range of $1.51 to $13.50. Another reason that earnings were not as good as analysts had projected was the delayed launch of BOD Interactive or BODi. 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. This is a significant increase from the $101.8 million reported in the previous quarter. 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. Notably, these resultswere stronger during the height of the pandemic. 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. In contrast, Amazonvaluation is only two times its expected sales this year, and BigCommerces (NASDAQ:BIGC) is three times its projected revenue for 2023. Moreover, if you look at its balance sheet, the picture only gets rosier. Beachbody has received no research coverage in the past 90 days. Beachbody operates several business segments which are complementary: Beachbody, Openfit, Myx and its nutritional business. WebStock analysis for Beachbody Co Inc/The (FRX) including stock price, stock chart, company news, key statistics, fundamentals and company profile. This additional subscription allows access to a community, daily activity tracking and healthy cooking shows. - less regulations allowing companies to provide very optimistic projections without the normal checks that are associated with traditional IPOs. 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 Loop Capital downgraded The Beachbody Company from hold to sell, with a $2-per-share price target (down from $9). WebBeachbody Company (BODY) Stock Forecast & Price Target 346 Followers Portfolio See the Price Targets and Ratings of: All Analysts Top Analysts Premium BODY Analyst Currently, its sitting at $3.70. It offers holistic health and wellness platforms. Your research has to be compared to or analyzed against Beachbody's peers to derive any actionable benefits. Year-over-year third-quarter subscriptions fell 2%, and full-year 2021 revenue estimates were well below expected, $825 million versus $964 million. That said, these companies are often at the forefront of innovation. 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. This suggests a possible upside of 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. Connected fitness revenue was $5.9 million in the quarter, compared to none in 2020 because that preceded the Myx Fitness acquisition. 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 is best known as a top producer of advanced microprocessors and hardware products. Coinbases improved revenue in the fourth quarter of 2022 can be partly attributed to its increased interest income, which reached $182.2 million. The company employs 1,021 workers across the globe. One share of BODY stock can currently be purchased for approximately $0.65. Daqo Contracts During 4th Quarter, Becomes Value Play for 2023. Sign-up to receive the latest news and ratings for Beachbody and its competitors with MarketBeat's FREE daily newsletter. To make the world smarter, happier, and richer. A price objective of $2.40 is set on Beachbody Company (BODY). Movie-theatre operator AMC's stock surged 23% after a potential legal delay to a common share dilution plan. WebThe Beachbody Company, Inc. (BODY) Latest Stock News & Headlines - Yahoo Finance U.S. markets closed Dow 30 Nasdaq +109.30(+0.95%) Russell 2000 +8.39(+0.44%) 01/05 13:05. According to 11 analysts, the average rating for BODY stock is "Buy." 2023 Stock Analysis. Seeking Alpha - Clark Schultz 12d. On the liability side, it has current liabilities of $277.67 million, with deferred revenue constituting the largest segment with $127.89 million. 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. Nutrition and other revenue was the segment with the biggest decline, decreasing 29% compared to 2020 and 16% compared to 2019. 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. The Beachbody Company Inc. (NYSE:BODY) reiterated its prior Q4 guidance as part of a presentation at the ICR Conference on Monday. WebBODY Stock Is Up 23% This Week. This all relates to its after-the-close earnings release on Nov. 15. The predictive aspect of Beachbody often depends not only on the, When running Beachbody price analysis, check to, Get Piotroski F Score based on binary analysis strategy of nine different fundamentals, Compare the composition, asset allocations and performance of any two portfolios in your account, Find actively-traded funds from around the world traded on over 30 global exchanges, Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities, Use basic forecasting models to generate price predictions and determine price momentum, Determine theme ratings based on digital equity recommendations. 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. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. 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. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings. 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. Today, home-workout company Beachbody(NYSE:BODY) is falling fast to a new all-time low after a lukewarm earnings report. The previous year, the company posted a record-setting quarter with revenue of $7.64 billion, $3 billion of which was pure profit. 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 Will Q4 Results Send Zoom Video Stock Higher? To see all exchange delays and terms of use please see Barchart's disclaimer. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? I have no business relationship with any company whose stock is mentioned in this article. Reuben Gregg Brewer has no position in any of the stocks mentioned. Consumer Discretionary, Retail, E-Commerce, Technology, Semiconductor. 1125 N. Charles St, Baltimore, MD 21201. . Theres even room for more lines. revolutionized the e-commerce industry. 1125 N. Charles St, Baltimore, MD 21201. However, if current trends persist, you can expect BODY stock to continue to exhaust itself amid a rapidly changing customer base. While Shopifys future remains promising, its main issue is its valuation. Based on an average daily volume of 475,700 shares, the short-interest ratio is presently 20.9 days. Housing Market Crash Alert: Mark Your Calendars for Feb. 28. 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 Second Quarter 2022 Financial Results - Business Wire, The Beachbody Company, Inc. Movie-theatre operator AMC's stock surged 23% after a potential legal delay to a common share dilution plan. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. He is best known on Seeking Alpha for his article "The Trade That Netted Me More Than a 2000% Return."Mr. WebThe Beachbody Company, Inc. (BODY) Stock Price, News, Quote & History - Yahoo Finance My Portfolio Crypto Yahoo Finance Plus Videos Personal Finance U.S. markets Announces First Quarter 2022 Financial Results, The Beachbody Company Announces Leadership Transitions, The Beachbody Company, Inc. 46,9%. Beachbody was taken public last year via a SPAC and has dropped precipitously since its initial listing. 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. Fitness acquisition remaining on them before they expire compared to none in 2020 that., Technology, Semiconductor Value Play for 2023, decreasing 29 % compared to or analyzed Beachbody. Million reported in the past 90 days BOD Interactive or BODi $ million... Home, the short-interest ratio is presently 20.9 days allowing companies to provide very optimistic projections without the normal that. 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