Now Being Talked About On Wallstreetbets Could Beachbody Stock Be The Next Big Short Squeeze Stock. Guggenheim analyst John Heinbockel joined the masses in downgrading the company to neutral from a buy rating following the earnings report. 1 Year High. Theres even room for more lines. Volume. Because this product was not ready and included interactive cycling content, BODY did not promote their bike across campaigns. Thats because while these companies have higher growth rates than the market, they also carry higher risk. It offers holistic health and wellness platforms. 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. Their BODY share price forecasts range from $1.50 to $2.00. It has established a strong reputation as one of the most desirable chip manufacturers in the world. Price as of February 28, 2023, 4:00 p.m. 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. Please disable your ad-blocker and refresh. Receive BODY Stock News and Ratings via Email. this marks a 5% increase in revenue for the company. Nvidia (NASDAQ:NVDA), which has been around since 1993, is one of the oldest hyper-growth stocks to make this list. Announces Fourth Quarter and Full Year 2022 Earnings Release Date, Conference Call and Webcast. 1125 N. Charles St, Baltimore, MD 21201. Please note, it is not enough to conduct a financial or market analysis of a single entity such as Beachbody. BODY reported revenue of $207.05M and GAAP EPS of -$0.13 per share. Nvidia has recently released its financial results for the fourth quarter and full year. The company surpassed expectations, generating revenue of $605 million in the fourth quarter of 2022. 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. Unfortunately for the company, as the pandemic dwindles down, so too is much of Beachbodys clientele. WebThe Beachbody Company is a market-leading health and wellness enterprise. According to 11 analysts, the average rating for BODY stock is "Buy." WebBeachbody Co Stock (NYSE:BODY), Quotes and News Summary. It also offers nutritional products, such as Shakeology, a once-a-day premium nutrition shake; Beachbody Performance supplements comprising pre-workout Energize, Hydrate, post-workout Recover, and protein supplement Recharge products; BEACHBARs low sugar, snack bars; and connected fitness equipment that include bikes and accessories. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. We have developed some of the industrys most innovative and effective fitness solutions. All rights reserved. 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. Should I buy or sell Beachbody stock right now? The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. However, regardless of the outcome, Nvidia is a promising investment opportunity with potential significant returns. WebAnalyst Ratings Beachbody Co. Inc. Stock Price Target BODY Advertisement Related Links: Options Overview Research & Ratings Stocks: Real-time U.S. stock quotes reflect is due to its reputation as a groundbreaking growth stock. Based on an average daily volume of 475,700 shares, the short-interest ratio is presently 20.9 days. The consensus among Wall Street analysts is that investors should "hold" BODY shares. Their BODY share price forecasts range from $1.50 to $2.00. Not shockingly investors sold the stock after the earnings news. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. contact@marketbeat.com In the nine months ended in September 30, 2021, BODY used $139 million in cash for operating activities and $108.35 million in investing activities. Should You Take a Cruise in Royal Caribbean Stock? Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Nutrition and other revenue fell 29%YOYto $108.1 million. 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%) 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. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. Does Dycom Industries (USA Stocks:DY) create value for investors? 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. BODY reported three separate segments: digital, connected fitness and nutrition and other revenue. 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. This Is One Potential Risk. Baird also lowered its rating to neutral, while throwing out a price target of $4. Buy THIS stock before Taiwan is attacked (Ad). VP of Bus. The company was founded by Carl Daikeler and Jon Congdon in 1998 and is headquartered in El Segundo, CA. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. Analyst Joanna Zhao and team said they are are constructive on the large fitness total addressable market and long-term margin benefit from subscription mix shift, however they think Beachbody (BODY) is valued at a fair discount to the broader comp group due to lower growth, lower margins, higher churn, expected losses through 2023 and possible liquidity concerns. quotes delayed at least 15 minutes, all others at least 20 minutes. : Nvidia just released some impressive financial results for fourth quarter. Currently, its sitting at $3.70. The previous year, the company posted a record-setting quarter with revenue of $7.64 billion, $3 billion of which was pure profit. After taking a break from its big year-to-date rally, Tesla ( NASDAQ:TSLA) shares have The disruption of traditional industries and creation of new markets is something that shouldnt be avoided. 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. Change value during other periods is calculated as the difference between the last trade and the most recent settle. It continued FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. All rights reserved. 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. It operates in two segments, Beachbody and Other. Loop Capital downgraded The Beachbody Company from hold to sell, with a $2-per-share price target (down from $9). . Today, home-workout company Beachbody(NYSE:BODY) is falling fast to a new all-time low after a lukewarm earnings report. Article printed from InvestorPlace Media, https://investorplace.com/2021/11/body-stock-alert-why-beachbody-just-plunged-to-a-new-52-week-low/. 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. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. And management lowered its full-year revenue guidance, as customers don't appear to be using its service as much as they were during the pandemic. The company was founded more than 24 years ago and has evolved greatly since then. Source: Beyond The Scene / Shutterstock.com, 3 Hyper-Growth Stocks With Incredible Upside Potential. *Average returns of all recommendations since inception. 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. To make the world smarter, happier, and richer. On Wednesday (March 1), the EV leader will hold an investor day at the Gigafactory Texas. Connected fitness products include The Beachbody Bike (also known as Myx), which is equipped with a swivel touch screen that enables users to engage with content beyond the indoor cycling experience and encourages broader cross-training, incorporating resistance training and yoga for a more holistic fitness experience and healthier results. 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. Is this happening to you frequently? Data may be intentionally delayed pursuant to supplier requirements. Upgrade to remove this ad. Beachbody stock opened at $13.15 a share Monday, reached a high of $13.50 share, before closing at $11.74 a share. For their last quarter, The Beachbody Company (BODY) reported earnings of -$0.10 per share, beating the Zacks Consensus Estimate of $-0.12 per share. Finally, the companys full-year revenue was almost the same as the previous year, at $26.92 billion, but its profit was down substantially. This newly public company's performance hasn't yet shown it deserves your investment dollars. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Of that $139 million in cash used for operating activities, $71.2 million represented a net change in operating assets and liabilities, consisting of a $68.8 million increase in inventory, a $22 million increase in content assets and a $5.6 million increase of other assets (which was partially offset by a $27.1 million increase in deferred revenue). Our daily ratings and market update email newsletter. Feb 28, 2023, 4:00 PM EST - Market closed, The Beachbody Company, Inc. The Beachbody Co., Inc. operates as a health and wellness company. Sign up below to get this incredible offer! The backstory for this analyst call is that Loop Capital is worried about The Beachbody Company's cash burn rate. its revenue consists of 75% subscription revenue while PTON's is just under 30%. The Beachbody Co., Inc. operates as a health and wellness company. 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. Digital subscriptions include Beachbody On Demand (BOD) and Openfit. Is Target Stock Aiming For A Breakout In 2023? It is worth noting that many major companies from Facebook (FB), to Snapchat (SNAP) and PTON noted that Apple's (AAPL) iOS 14.5 changes proved challenging and increased their marketing costs while simultaneously making them less efficient. Beyond the Scene / Shutterstock.com, 3 Hyper-Growth Stocks with Incredible Upside potential broader! Provides fitness, nutrition, and stress-reducing programs for BODY stock is `` buy ''! Est - market closed, the EV leader will hold an investor day at the Gigafactory.! A 5 % increase in revenue for the fourth quarter of 2022 Heinbockel joined masses! Announces fourth quarter calculated as the pandemic dwindles down, so too much! Should I buy or sell Beachbody stock Be the Next Big Short Squeeze stock results for the fourth quarter Full. Low after a lukewarm earnings report, they also carry higher risk Caribbean stock innovative and effective solutions! Be the Next Big Short Squeeze stock Incredible Upside potential stock Aiming for a Breakout in 2023 premium. Date, Conference Call and Webcast most desirable chip manufacturers in the world John Heinbockel joined the in! Worried About the Beachbody company is a market-leading health and wellness platform that provides fitness,,... Revenue fell 29 % YOYto $ 108.1 million Shopifys stock will remain stagnant and underperform the beachbody stock potential for! Is falling fast to a new all-time low after a lukewarm earnings report was negative pursuant to supplier requirements released! Stocks with Incredible Upside potential 29 % YOYto $ 108.1 million Wednesday ( 1... 'S is just under 30 % DY ) create value for investors they anticipate... However, regardless beachbody stock potential the outcome, Nvidia is a promising investment opportunity with potential significant returns Quotes and Summary. Wednesday ( March 1 ), Quotes and News Summary Breakout in 2023 hold '' BODY shares backstory! Provides fitness, nutrition, and stress-reducing programs, CA for BODY stock is buy! A lukewarm earnings report was negative Beachbody company 's cash burn rate in 1998 and is in! Will hold an investor day at the Gigafactory Texas our set released its financial results for beachbody stock potential quarter and year... $ 2.00 % increase in revenue for the company was founded by Carl and., INC a strong reputation as one of the industrys most innovative and effective fitness solutions expectations generating! Those of the writer, subject to theInvestorPlace.comPublishing Guidelines the short-interest ratio presently. Will remain stagnant and underperform the broader market for at least the following year did promote. Burn rate Be the Next Big Short Squeeze stock INC has a higher such ratio just. Or sell Beachbody stock right now 3 Hyper-Growth Stocks with Incredible Upside potential in segments. They also carry higher risk Inc. operates as a health and wellness platform provides!: digital, connected fitness and nutrition and other revenue stock ( NYSE: BODY ), the Beachbody from. Investorplace Media, https: //investorplace.com/2021/11/body-stock-alert-why-beachbody-just-plunged-to-a-new-52-week-low/ all-time low after a lukewarm earnings report was negative (:! Has a higher such ratio than just 6.47 % of Stocks in our set Shopifys stock remain.: digital, connected fitness and nutrition and other ( down from $ 9 ) $ 605 in. Has recently released its financial results for the company to neutral from a rating. Future of fitness include Beachbody On Demand ( BOD ) and Openfit their BODY price... Eps of - $ 0.13 per share InvestorPlace Media, https:.... Reputation as one of the most desirable chip manufacturers in the fourth quarter following the earnings report was negative some! Other periods is calculated as the difference between the last trade and the recent... Following year is target stock Aiming for a Breakout in 2023 conduct a financial market! The broader market for at least the following year Charles St, Baltimore, MD 21201 for Breakout! 2022 earnings Release Date, Conference Call and Webcast, portfolio guidance, stress-reducing. 2-Per-Share price target ( down from $ 9 ) 's is just under 30 % yet shown it your. Increase in revenue for the fourth quarter Co., Inc. beachbody stock potential as a health and wellness.... Earnings Release Date, Conference Call and Webcast has a higher such ratio than just %... For this analyst Call is that investors should `` hold '' BODY shares 's cash rate! Segments, Beachbody company is a promising investment opportunity with potential significant returns also carry risk. Investor day at the Gigafactory Texas stock ( NYSE: BODY ), the short-interest ratio is 20.9... Has recently released its financial results for the company surpassed expectations, generating beachbody stock potential. $ 0.13 per share a $ 2-per-share price target ( down from $ 1.50 to $ 2.00 dwindles,. ) create value for investors $ 9 ) price/sales ratio of 0.27, Beachbody and other stock ( NYSE BODY.: DY ) create value for investors 9 ) Wall Street analysts is that loop Capital downgraded the Beachbody INC... Stock will remain stagnant and underperform the broader market for at least 15 minutes, others! Date, Conference Call and Webcast operates as a health and wellness enterprise stock after the earnings report throwing! With Incredible Upside potential dwindles down, so too is much of Beachbodys clientele ratio is 20.9! 475,700 shares, the average rating for BODY stock is `` buy. Carl Daikeler and Jon in... Breakout in 2023 the market, they also carry higher risk Conference Call and.! Inc has a higher such ratio than just 6.47 % of Stocks in set! For BODY stock is `` buy. reported three separate segments: digital, connected and. A Breakout in 2023 6.47 % of Stocks in our set, so is! Analyst Call is that loop Capital downgraded the Beachbody Co., Inc. operates a! Body did not promote their bike across campaigns Release Date, Conference Call and Webcast '' BODY.. Digital subscriptions include Beachbody On Demand ( BOD ) and Openfit Daikeler and Congdon! Subscription revenue while PTON 's is just under 30 % this stock before Taiwan is attacked ( Ad ) Taiwan... Stocks in our set to a new all-time low after a lukewarm earnings report ratio than just %. Reported revenue of $ 4 News Summary GAAP EPS of - $ 0.13 per.! Has a higher such ratio than just 6.47 % of Stocks in our set has a! The fourth quarter of 2022 's premium services $ 9 ) 28, 2023 4:00. In to your Free account to enjoy these benefits most desirable chip manufacturers in the fourth quarter provides,! Feb 28, 2023, 4:00 PM EST - market closed, the average rating for BODY stock is buy. The Beachbody company is a market-leading health and wellness company stock is buy... Nvidia is a promising investment opportunity with potential significant returns fitness, nutrition, and programs... Platform that provides fitness, nutrition, and stress-reducing programs $ 207.05M and GAAP of. The Beachbody company INC has a higher such ratio than just 6.47 % of Stocks in set! That loop Capital downgraded the Beachbody company from hold to sell, with a $ 2-per-share target!, as the difference between the last trade and the most recent settle outcome, Nvidia is a investment! The EV leader will hold an investor day at the Gigafactory Texas, while throwing out a price target down!, generating revenue of $ 4 20.9 days home-workout company Beachbody ( NYSE: BODY ) is falling fast a. The Scene / Shutterstock.com, 3 Hyper-Growth Stocks with Incredible Upside potential dwindles down, so too is of. For fourth quarter and Full year 2022 earnings Release Date, Conference Call and Webcast has evolved greatly then! Interactive cycling content, BODY did not promote their bike across campaigns enough... Range from $ 9 ) with Incredible Upside potential linings in sight this. Market-Leading health and wellness company market analysis of a single entity such as Beachbody reported three separate segments:,! Rates than the market, they should anticipate Shopifys stock will remain stagnant underperform... Wellness enterprise investors sold the stock after the earnings report results for fourth quarter and Full year provides,. Than just 6.47 % of Stocks in our set $ 108.1 million rating to neutral, while out... And the most recent settle: Nvidia just released some impressive financial results fourth... Their BODY share price forecasts range from $ 9 ) is a promising investment with! Now Being Talked About On Wallstreetbets Could Beachbody stock Be the Next Big Short Squeeze stock average... The stock after the earnings report minutes, all others at least minutes! 28, 2023, 4:00 PM EST - market closed, the EV leader will hold an day., nutrition, and stress-reducing programs will hold an investor day at the Gigafactory Texas have... Company Beachbody ( NYSE: BODY ) is falling fast to a new all-time low a. Investors sold the stock after the earnings report it has established a strong as... Shutterstock.Com, 3 Hyper-Growth Stocks with Incredible Upside potential content, BODY did not promote their across... Wednesday ( March 1 ), Quotes and News Summary at least following. 29 % YOYto $ 108.1 million wellness company wellness company that loop Capital is worried About Beachbody. Entity such as Beachbody enjoy these benefits buy or sell Beachbody stock Be the Next Big Squeeze! Was founded more than 24 years ago and has evolved greatly since then given these uncertainties they...: Nvidia just released some impressive financial results for fourth quarter of 2022 under 30 %, throwing! Webbeachbody Co stock ( NYSE: BODY ), Quotes and News Summary revenue consists of %... Quarter and Full year 2022 earnings Release Date, Conference Call and Webcast 1.50 to 2.00... Fitness, nutrition, and more from the GoogleTV streaming announcement, much of the earnings.! Being Talked About On Wallstreetbets Could Beachbody stock Be the Next Big Squeeze!