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. WebBeachbody stock gains after backing Q4 guidance at ICR Conference. ET, Why The Beachbody Company Stock Plunged 50% in November, Why The Beachbody Company Stock Plummeted 27.5% at the Open Today, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, Billionaire Investor Bill Ackman Is Raking In $97 Million In Annual Dividend Income From These 2 Stocks, 1 Bargain-Basement Warren Buffett Stock Down 78% to Buy Before It Starts Soaring, 3 No-Brainer Stocks to Buy With $50 Right Now, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Market Cap. You can read about the details of expected earnings, their plans and products through the investor presentation. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Logically, as Americans stayed home, the workout videos became a popular alternative to the treadmill. Digital subscriptions include Beachbody On Demand (BOD) and Openfit. 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. If the stock does recover, these could provide a share hangover, as these could be converted into 15,333,333 Class A shares. The Motley Fool has a disclosure policy. Cost basis and return based on previous market day close. 52.70% of the stock of Beachbody is held by insiders. Copyright 2023 InvestorPlace Media, LLC. This compares with the S&P 500 index's 0.8% decline last month. We have developed some of the industrys most innovative and effective fitness solutions. stock was originally listed at a price of $10.20 in Nov 25, 2020. Disclosure: I/we have a beneficial long position in the shares of BODY either through stock ownership, options, or other derivatives. The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 14th 2023. 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. 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. Announces Third Quarter 2022 Financial Results, Bullish insiders bet US$6.1m on The Beachbody Company, Inc. (NYSE:BODY), The Beachbody Company, Inc. , making it challenging to surpass those figures. Beachbody's stock is owned by many different retail and institutional investors. All rights reserved. In 2020, SPACs were all the rage and nearly all SPACs skyrocketed in value when they announced acquisitions. 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 This is because when it comes to tackling intricate computing assignments like artificial intelligence and machine learning, Nvidia chips are typically the preferred choice. This additional subscription allows access to a community, daily activity tracking and healthy cooking shows. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. 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). These companies are leading the charge in their respective industries and are poised for sustained growth in the future. International stock quotes are delayed as per exchange requirements. In the latest quarterly report, BODY did not perform as well as analysts had expected and the stock sold off substantially. On the date of publication, Shrey Dua did not have (either directly or indirectly) any positions in the securities mentioned in this article. Most investors are probably better off waiting to find that out before they put money to work here. Beachbody stock opened at $13.15 a share Monday, reached a high of $13.50 share, before closing at $11.74 a share. This all relates to its after-the-close earnings release on Nov. 15. ET, Why The Beachbody Company Stock Dropped as Much as 16.5% in Early Trading Today, Why The Beachbody Company Stock Plummeted 27.5% at the Open Today, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, Billionaire Investor Bill Ackman Is Raking In $97 Million In Annual Dividend Income From These 2 Stocks, 1 Bargain-Basement Warren Buffett Stock Down 78% to Buy Before It Starts Soaring, 3 No-Brainer Stocks to Buy With $50 Right Now, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. I wrote this article myself, and it expresses my own opinions. 1 Year Low. Beachbody has been on my radar since my cousin and I would do P90X videos before high school. WebThe weekly values shown in the chart below represent, for each rank level the potential weekly earnings from Team Cycle Bonus. Sales were down across its main businesses. Today, home-workout company Beachbody(NYSE:BODY) is falling fast to a new all-time low after a lukewarm earnings report. This comes as more and more Americans go back to the gym. Is Target Stock Aiming For A Breakout In 2023? Please. 2021 revenue or earnings targets that they provided to investors. 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. hese companies are often at the forefront of innovation. Additionally, the subscription revenue associated with those bikes will also start to trickle in each month. That puts UNP shares back above their 200-day moving average, also breaking above a downsloping trend line. It operates in two segments, Beachbody and Other. View BODY analyst ratings or view top-rated stocks. Now Being Talked About On Wallstreetbets Could Beachbody Stock Be The Next Big Short Squeeze Stock. EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY) (Beachbody or the Company), a leading subscription health and wellness company, will release its fourth quarter and fu EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY) (the "Company" or "Beachbody"), a leading subscription health and wellness company, today announced that Carl Daikeler, Co Every few days, I read or hear the news that strongly indicates that the U.S. is not going to undergo a recession in 2023. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. The company sold about 14,700 connected bikes during the quarter, but only 44% of them were delivered to customers, and hence recognized as revenue, in the quarter. Shopifys current premium valuation is due to its reputation as a groundbreaking growth stock. The consensus among Wall Street analysts is that investors should "hold" BODY shares. This might drive the stock higher in the near term. This might drive the stock higher in the near term. 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. In Q3, the company used cash of $113.8 million running its operation and burned through total cash of $147.4 million. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. On Wednesday (March 1), the EV leader will hold an investor day at the Gigafactory Texas. WebBODY Stock Is Up 23% This Week. Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk This suggests a possible upside of Is Lucid (LCID) Stock a Buy? WebThe Beachbody Company, Inc. (BODY) Stock Price, News, Quote & History - Yahoo Finance My Portfolio Crypto Yahoo Finance Plus Videos Personal Finance U.S. markets To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. It will have to raise cash soon -- through either taking on debt or issuing more shares, which would dilute current shareholders' ownership. Or is there an opportunity to expand the business' product line in the future? View the best growth stocks for 2023 here. Additionally, it has $141 million of inventory, $14 million of prepaid expenses, $48.5 million of other current assets as well as $115.4 million of property and equipment. All rights reserved. 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. Adjusted earnings before interest, taxes, depreciation, and amortization (. Those are staggering figures and make one think they would run out of cash soon when extrapolating out those figures. And right now, many investors arent interested in taking outsized risks. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. Data may be intentionally delayed pursuant to supplier requirements. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. WebView the latest Beachbody Co. Inc. (BODY) stock price, news, historical charts, analyst ratings and financial information from WSJ. Many investors may have factored in unrealistically high growth rates into Shopifys valuation, anticipating continued rapid expansion indefinitely. 2 Oil Refiners Posting Record Margins: Can the Trend Continue? Sign up below to get this incredible offer! Copyright Connected-fitness revenue was $5.9 million, compared to none in the year-ago period. Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. All rights reserved. its revenue consists of 75% subscription revenue while PTON's is just under 30%. Today, one of the stocks many retail investors were watching closely was Beachbody (NYSE: BODY ). The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. Company. Loop Capital downgraded The Beachbody Company from hold to sell, with a $2-per-share price target (down from $9). WebBeachbody's current and average target prices are 0.66 and 6.15, respectively. Movie-theatre operator AMC's stock surged 23% after a potential legal delay to a common share dilution plan. Shares of The Beachbody Company (BODY -7.47%) plummeted 50.6% in November, according to data from S&P Global Market Intelligence. [email protected] Price as of February 28, 2023, 4:00 p.m. That puts UNP shares back above their 200-day Nutrition and other revenue was the segment with the biggest decline, decreasing 29% compared to 2020 and 16% compared to 2019. The bottom-line picture was equally bad. 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. 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. The backstory for this analyst call is that Loop Capital is worried about The Beachbody Company's cash burn rate. Beachbody has a P/B Ratio of 0.52. WebBeachbody Company Inc (BODY) Stock Price & News - Google Finance 3,970.04 -42.28 11,394.94 VIX Home BODY NYSE Beachbody Company Inc Follow Share $0.64 After Should I buy or sell Beachbody stock right now? What Is the Best Tech Stock to Buy Now? To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Pending shareholder approval, the company will be listed on the New York Stock Exchange under the ticker symbol "BODY." This article will look at three hyper-growth stocks with the potential for incredible upside. The official website for the company is www.spacroadone.com. In-depth profiles and analysis for 20,000 public companies. I am not receiving compensation for it (other than from Seeking Alpha). 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. 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. The fitness and . At the current cash-burn rate, the company would run out of cash in about one and one-third quarters. This company is best known as a top producer of advanced microprocessors and hardware products. Beachbody is a holding company involved in offering streamed and live fitness, nutrition programs and various products. Shares of Beachbody Company (NYSE: BODY) popped more than 10% intraday Monday after the fitness brand began trading publicly via a SPAC deal. 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). 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. WebHuileng Tan. Sure, PTON is a larger company with more revenue and brand value, but I do not think it warrants such a large divergence in the trading range. With the emergence of the metaverse, which companies will come out on top remains to be seen. VP of Bus. Alibaba ( NYSE: BABA) is a dominant player in the growing Chinese cloud computing and e-commerce markets. WebData & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. Fixing this issue can greatly improve BODY's return to profitability. As of December 31, 2021, the company had 2.5 million digital and 0.3 million nutritional subscriptions. Its unclear what steps Beachbody will need to take to return to favor. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance. Walgreens Boots Alliance. Only 19.65% of the stock of Beachbody is held by institutions. 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. EL SEGUNDO, Calif. , April 19, 2022 /PRNewswire/ -- The Beachbody Company, Inc. (NYSE: BODY) ("Beachbody" or the "Company"), a leading subscription health and wellness company, today announced that Su EL SEGUNDO, Calif.--(BUSINESS WIRE)--BODY First Quarter Earnings Date Announcement. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. Average month-over-month digital retention was 95.6% in the quarter. These meme stocks to sell are mostly relics from the pandemic that continue to hang on. 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. First, due to fluctuations in pay-per-use, average revenue per paid member remained unchanged at $55.8 over the preceding three months. 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. At its, of $40 per share, the company has an enterprise value of $51.6 billion, or eight times the projected revenue for 2023. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. Seeking Alpha authors have a bullish view of BODY. Beachbody was actually one of the few companies that saw gains as a result of the Covid-19 pandemic and subsequent quarantine. A price objective of $2.40 is set on Beachbody Company (BODY). The search for tophyper-growth stocksmay be less of a priority for many investors. Nutrition and other revenue fell 29%YOYto $108.1 million. The Company will host a conference call at 5:00 p.m. (Eastern Time) that day to 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. Additionally, its largest long-term liability was its lease, at approximately $24 million, which as discussed earlier, will be removed since it assigned that lease. Nutritional products include Shakeology, Beachbody Performance supplements, BEACHBARs, and others. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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Continue to hang on am... Of cash soon when extrapolating out those figures cash of $ 113.8 million its... Americans go back to the gym they would run out of cash soon extrapolating... Body 's return to favor steps Beachbody will need to take to return to profitability latest quarterly,., for each rank level the potential for incredible upside and healthy cooking shows treadmill! 10.20 in Nov 25, 2020 depreciation, and it expresses my own opinions under %... Difference between the last trade and the stock sold off substantially Motley Fool today! Is held by institutions the investor presentation 2-per-share price target ( down from $ 9.... Earnings targets that they provided to investors YOYto $ 108.1 million growth stock,! Trickle in each month with those bikes will also start to trickle in each month by Barchart delayed! 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