Should you hold on to your Caesarstone position? The all-time high Beachbody stock closing price was 12.74 on June 28, 2021. Beachbody has a P/B Ratio of 0.52. However, regardless of the outcome, Nvidia is a promising investment opportunity with. Please disable your ad-blocker and refresh. How Long Can Wingstop Stock Continue to Defy Gravity? 3 brokers have issued 1-year price objectives for Beachbody's shares. Have you ever been surprised when a price of a company such as Beachbody is soaring high, The number of cover stories for Beachbody depends on, Beachbody's future price predictability will typically decrease when Beachbody's long traders begin to feel the short-sellers pressure to drive the price lower. 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. The current price is around $3.10 per share, so the updated call suggests there's still a lot of potential downside here. 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. This suggests a possible upside of 171.1% from the stock's current price. I have no business relationship with any company whose stock is mentioned in this article. What is Beachbody's stock price forecast for 2023? associated with market volatility, economic swings, and company-specific events. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Tony Horton was our introduction to fitness and started our lifelong passions for it. On the date of publication, Shrey Dua did not have (either directly or indirectly) any positions in the securities mentioned in this article. - less regulations allowing companies to provide very optimistic projections without the normal checks that are associated with traditional IPOs. 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. 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. This suggests a possible upside of Most investors and analysts believe that BODY is similar to PTON in that it would perform better during a COVID surge because less people would go into a gym and would prefer at-home workouts. 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. Guggenheim analyst John Heinbockel joined the masses in downgrading the company to neutral from a buy rating following the earnings report. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Shopifys exceptional performance during the pandemic resulted in a significant increase in sales, making it challenging to surpass those figures. Nvidias high-end graphics cards and custom chips are crucial in the gaming industry and other fast-growing segments like, With the emergence of the metaverse, which companies will come out on top remains to be seen. 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. 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%). 1125 N. Charles St, Baltimore, MD 21201. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. However, these events are big revenue drivers for BODY so it has a diversified business model that can thrive in both types of environments. Shopify (SHOP): This stock is a great pick for those focused on the future Investors typically determine Beachbody value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Identify stocks that meet your criteria using seven unique stock screeners. Notably, Coinbase has kicked off 2023 positively, posting impressive results. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. Sign in to your free account to enjoy all that MarketBeat has to offer. Himelson is also the author of a book series to teach kids about business: Kimmy and Jimmy's Business Adventures. This revenue came from Myx Fitness, which Beachbody acquired in June at the same time it went public. In the past, retailers hoping to reach a mass audience had limited options and often had to rely on third-party sellers such as Amazon (NASDAQ:AMZN). This article will look at three hyper-growth stocks with the potential for incredible upside. It all happens at the free AI Super Summit. This company is best known as a top producer of advanced microprocessors and hardware products. 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, 7 Consumer Discretionary Stocks to Buy if You Don't Think a Recession Is Coming, The Beachbody Company, Inc. Reiterates Fourth Quarter Fiscal 2022 Financial Outlook Ahead of Participation in the 2023 ICR Conference, The Beachbody Company, Inc. He previously worked as a research analyst at a hedge fund and graduated from Columbia Law School in 2017. This all relates to its after-the-close earnings release on Nov. 15. 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." The reason is most likely desirable developments at work - i.e., somebody knows something. In 2020, SPACs were all the rage and nearly all SPACs skyrocketed in value when they announced acquisitions. In Q3, revenue fell 17% year over year to $208.1 million. View, Average Directional Movement Index Rating. I am not receiving compensation for it (other than from Seeking Alpha). Learn More. Net loss was $0.13 per share, down from earnings per share of $0.05 in the year-ago period. 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. Change value during other periods is calculated as the difference between the last trade and the most recent settle. At its, of $40 per share, the company has an enterprise value of $51.6 billion, or eight times the projected revenue for 2023. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. 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 compares with the S&P 500 index's 0.8% decline last month. However, it is important to note that because of BODY's accounting methods, it only recognizes revenue when the bikes are delivered and only 44% of those bikes were delivered. The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 14th 2023. Its unclear what steps Beachbody will need to take to return to favor. 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. Get daily stock ideas from top-performing Wall Street analysts. WebThe FRX/Beachbody merger is completed and I think this is one of the most exciting mergers I have seen this year. Revenue between $820 million and $830 million, down from the prior outlook of $930 million to $960 million. In-depth profiles and analysis for 20,000 public companies. I wrote this article myself, and it expresses my own opinions. Losses were -$228.38 million, 965.6% more than in 2020. This exceeded predictions that it would only bring in $588 million. Copyright 2023 InvestorPlace Media, LLC. 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 The Beachbody Company is not a good option for conservative long-term investors. WebBeachbody reported Gross Profit of 626.73 Million in 2022. Regarding its projections for 2023, Coinbase announced it was ready to handle various transaction revenue situations in the upcoming year, which could involve fluctuations or stability in cryptocurrency market capitalization and asset volatility compared to the levels observed at the end of 2022. Shares of Beachbody (BODY) rose 1.91% in premarket trading to $2.13 vs. the post-SPAC range of $1.51 to $13.50. Shares of Beachbody Company (NYSE: BODY) popped more than 10% intraday Monday after the fitness brand began trading publicly via a SPAC deal. These hyper-growth stocks are poised to provide investors with substantial returns in the future. Seeking Alpha authors have a bullish view of These quicker offerings came with a drawback for investors - less regulations allowing companies to provide very optimistic projections without the normal checks that are associated with traditional IPOs. 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. Our daily ratings and market update email newsletter. The Beachbody Company Inc. (NYSE:BODY) reiterated its prior Q4 guidance as part of a presentation at the ICR Conference on Monday. 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. The Motley Fool has no position in any of the stocks mentioned. On Wednesday (March 1), the EV leader will hold an investor day at the Gigafactory Texas. While Shopifys future remains promising, its main issue is its valuation. WebThe Beachbody Company, Inc. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. 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. Copyright FactSet Research Systems Inc. All rights reserved. 2023 Stock Analysis. Many investors may have factored in unrealistically high growth rates into Shopifys valuation, anticipating continued rapid expansion indefinitely. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. 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. 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. As of February 15th, there was short interest totaling 9,920,000 shares, an increase of 7.1% from the January 31st total of 9,260,000 shares. How can I listen to Beachbody's earnings call? The Beachbody Company, Inc. is a digital fitness and nutrition subscription company, which creates content and brands. There are currently 2 hold ratings and 1 buy rating for the stock. At the current cash-burn rate, the company would run out of cash in about one and one-third quarters. WebThe Beachbody Company, Inc. (BODY) Stock Price, News, Quote & History - Yahoo Finance My Portfolio Crypto Yahoo Finance Plus Videos Personal Finance U.S. markets The S&P 500 index has returned 7.9% over this period. 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. A. Announces Third Quarter 2022 Earnings Release Date, Conference Call and Webcast, The Beachbody Company Makes In-Home Fitness and Eating Plans Even More Affordable with New BODi Bike Studio Bundle, Including a 3 Year Subscription - Business Wire, The Beachbody Company Makes In-Home Fitness and Eating Plans Even More Affordable with New BODi Bike Studio Bundle, Including a 3 Year Subscription, Beachbodys Newest Super Trainer, Andrea Rogers, Debuts All New Cardio-Dance Program, "XB Sweat + Sculpt", Beachbody Company (NYSE:BODY) shareholders have endured a 81% loss from investing in the stock a year ago - Nasdaq, Beachbody Company (NYSE:BODY) shareholders have endured a 81% loss from investing in the stock a year ago, The Beachbody Company to Participate in the Jefferies Virtual Fitness & Wellness Summit - Business Wire, The Beachbody Company to Participate in the Jefferies Virtual Fitness & Wellness Summit, Beachbody Company Misses Q2 EPS by 3c By Investing.com - Investing.com India, The Beachbody Company, Inc. 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