Earnings fell notably year over year, dipping into the red. Please log in to your account or sign up in order to add this asset to your watchlist. Most of this growth in interest income is derived from the companys USDC interest income, totaling $146 million. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. The search for tophyper-growth stocksmay be less of a priority for many investors. WebData & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. 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. - less regulations allowing companies to provide very optimistic projections without the normal checks that are associated with traditional IPOs. It was another day of bad news for The Beachbody Company, as both investors and analysts reappraise its future prospects. Invest better with The Motley Fool. On Wednesday (March 1), the EV leader will hold an investor day at the Gigafactory Texas. 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. Walgreens Boots Alliance. 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. 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. Earnings for Beachbody are expected to grow in the coming year, from ($0.46) to ($0.22) per share. Factors like these will boost. 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. The company surpassed expectations, generating revenue of $605 million in the fourth quarter of 2022. WebThe unaudited condensed combined pro forma financial statements reflect actual redemptions of 8,383,485 shares of Class A common stock at $10.00 per share (based on the marketable securities held in the trust account of approximately $300.0 million). Moreover, if you look at its balance sheet, the picture only gets rosier. All rights reserved. There are a total of 15,333,333 warrants outstanding that could be converted into Class A common stock if exercised. In Q3, the company used cash of $113.8 million running its operation and burned through total cash of $147.4 million. Notably, these resultswere stronger during the height of the pandemic. When done correctly, Beachbody's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Beachbody. The all-time high Beachbody stock closing price was 12.74 on June 28, 2021. WebThe Beachbody Company is a market-leading health and wellness enterprise. 1 Year Low. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! Himelson is also the author of a book series to teach kids about business: Kimmy and Jimmy's Business Adventures. Volume. The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. Invest better with The Motley Fool. Copyright FactSet Research Systems Inc. All rights reserved. Sign up below to get this incredible offer! Additionally, BODY prudently invested in Myx and Ladder and those investments reduced cash flow by approximately $108.35 million. It continued 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%) I wrote this article myself, and it expresses my own opinions. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. One share of BODY stock can currently be purchased for approximately $0.65. WebBeachbody Co Stock (NYSE:BODY), Quotes and News Summary. This article will look at three hyper-growth stocks with the potential for incredible upside. quotes delayed at least 15 minutes, all others at least 20 minutes. Announces Fourth Quarter and Full Year 2022 Earnings Release Date, Conference Call and Webcast. 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. Beth McKenna has no position in any of the stocks mentioned. The new product category of having the bike will bring new customers to the platform and help their flywheel of cross-selling nutrition products. All rights reserved. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. 1 Year High. Nutrition and other revenue fell 29%YOYto $108.1 million. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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. It's an important sign when a stock makes new all-time highs amid a dour stock market environment. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Shopifys exceptional performance during the pandemic resulted in a significant increase in sales, making it challenging to surpass those figures. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? Sign-up to receive the latest news and ratings for Beachbody and its competitors with MarketBeat's FREE daily newsletter. Beachbody's stock is owned by many different retail and institutional investors. WebThe FRX/Beachbody merger is completed and I think this is one of the most exciting mergers I have seen this year. How can I listen to Beachbody's earnings call? BODY has surely had its own missteps but I believe BODY has been pushed further down because of this general negative sentiment to all SPACs currently. 2 Oil Refiners Posting Record Margins: Can the Trend Continue? According to analysts' consensus price target of $1.75, Beachbody has a forecasted upside of 171.1% from its current price of $0.65. It operates in two segments, Beachbody and Other. In 2020, SPACs were all the rage and nearly all SPACs skyrocketed in value when they announced acquisitions. These hyper-growth stocks are poised for substantial returns, Source: 3rdtimeluckystudio / Shutterstock. Company. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. It also offers nutritional products, such as Shakeology, a once-a-day premium nutrition shake; Beachbody Perf 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. todays 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. Article printed from InvestorPlace Media, https://investorplace.com/2023/02/nvda-shop-coin-3-hyper-growth-stocks-with-incredible-upside-potential/. Digital subscriptions include Beachbody On Demand (BOD) and Openfit. Amanda Krause/Insider. Could NVIDIA, Intel Become The Face of America's Semiconductors? Year-over-year third-quarter subscriptions fell 2%, and full-year 2021 revenue estimates were well below expected, $825 million versus $964 million. Thomas Barwick/DigitalVision via Getty Images. revolutionized the e-commerce industry. WebBeachbody stock gains after backing Q4 guidance at ICR Conference. 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. Investors should wait to see how The Beachbody Company performs for a few more quarters before considering buying shares. 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. Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. We have developed some of the industrys most innovative and effective fitness solutions. By accessing this page, you agree to the following The current price is around $3.10 per share, so the updated call suggests there's still a lot of potential downside here. The Beachbody 52-week low stock price is 0.50, which is 18% below the current share price. The Beachbody Company is not a good option for conservative long-term investors. The Motley Fool has no position in any of the stocks mentioned. At its, of $40 per share, the company has an enterprise value of $51.6 billion, or eight times the projected revenue for 2023. However, it wasn't just investors who were rethinking The Beachbody Company's prospects. WebBEACHBODY COMPANY INC's stock had its IPO on November 25, 2020, making it an older stock than only 10.03% of US equities in our set. this marks a 5% increase in revenue for the company. Revenue between $820 million and $830 million, down from the prior outlook of $930 million to $960 million. 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. All rights reserved. Since Beachbody went public on June 28 via a special acquisition purpose company (SPAC), its shares have plunged 80%, as of Dec. 6. Source: Beyond The Scene / Shutterstock.com, 3 Hyper-Growth Stocks With Incredible Upside Potential. WebView the latest Beachbody Co. Inc. (BODY) stock price, news, historical charts, analyst ratings and financial information from WSJ. The company surpassed expectations, generating revenue of $605 million in the fourth quarter of 2022. 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. Another reason that earnings were not as good as analysts had projected was the delayed launch of BOD Interactive or BODi. On the liability side, it has current liabilities of $277.67 million, with deferred revenue constituting the largest segment with $127.89 million. While Shopifys future remains promising, its main issue is its valuation. Making the world smarter, happier, and richer. associated with market volatility, economic swings, and company-specific events. Analysts are increasingly upbeat about Alibaba BABA 1.54% stock in the wake of the groups quarterly earnings, which supported the Beachbody will be holding an earnings conference call on Tuesday, March 14th at 5:00 PM Eastern. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Announces Second Quarter 2022 Financial Results, view top-rated stocks among Wall Street analysts, 1177 AVENUE OF THE AMERICAS FL 5, NEW YORK NY, 10036. AMC stock surged 23% on Beachbody operates several business segments which are complementary: Beachbody, Openfit, Myx and its nutritional business. Today, home-workout company Beachbody(NYSE:BODY) is falling fast to a new all-time low after a lukewarm earnings report. These vehicles were viewed as a quicker and simpler mechanism to take a company public as opposed to going the traditional initial public offering route. 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. Today, one of the stocks many retail investors were watching closely was Beachbody (NYSE: BODY ). Subscription revenue with a high retention rate is really valuable and a potential acquirer would view this very favorably. Engagement was down from 2020, with total streams declining 26% to 35.9 million, but this number was 35% higher than in the two-years-ago period. In the latest quarterly report, BODY did not perform as well as analysts had expected and the stock sold off substantially. Feb 28, 2023, 4:00 PM EST - Market closed, The Beachbody Company, Inc. However, Beachbody's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. 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. Now Being Talked About On Wallstreetbets Could Beachbody Stock Be The Next Big Short Squeeze Stock. Currently, 7.4% of the company's stock are short sold. Their BODY share price forecasts range from $1.50 to $2.00. The current price is around $3.10 per share, so nearly half of startups that went public via a SPAC, which accounted for roughly 30% of BODY's revenues in the last quarter, reported revenue of $207.05M and GAAP EPS of -$0.13 per share. That may differ from the Motley Fool 's premium services grow in the fourth quarter and ``... Price forecasts range from $ 1.50 to $ 2.00 % on Beachbody operates several business segments which complementary! 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