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Full Answer
Is Beachbody stock a buy at its all time high?
At the current price, BODY stock is more than 10x cheaper than PTON stock, which costs $125. If you’re looking for a bargain opportunity, Beachbody stock currently trades at a 35 percent discount to its all-time high.
What is Beachbody’s market cap?
It had a market cap of US$ 374 million for all class shares. The SPAC company had 30 million shares listed on the NYSE, which got delisted after Beachbody went live under ticker symbol “BODY” on the US exchange. Forest
What happened to Beachbody SPAC stock?
The SPAC stock stopped trading flat at US$ 9.81 per share on Friday, June 25. It had a market cap of US$ 374 million for all class shares. The SPAC company had 30 million shares listed on the NYSE, which got delisted after Beachbody went live under ticker symbol “BODY” on the US exchange.
What is Beachbody company?
His previous stint was with BloombergQuint where he covered financial developments from... The Beachbody Company, a California-based fitness enterprise, debuted on Monday, June 28, through a merger with blank check firm Forest Road Acquisition Corp on the New York Exchange (NYSE).
How do I invest in beachbody?
Invest in The Beachbody Company on Stash Stash allows you to purchase smaller pieces of investments, called fractional shares, rather than having to pay the full price for a whole share. of The Beachbody Company stock, you'll need to sign up for Stash and open a personal portfolio.
Is beachbody stock worth buying?
Beachbody has received a consensus rating of Hold. The company's average rating score is 1.75, and is based on no buy ratings, 3 hold ratings, and 1 sell rating.
Is beachbody a public company?
Beachbody Co-founder, Chairman and CEO Carl Daikeler (front center) rang open the New York Stock Exchange on June 28, the first day the combined company now known as The Beachbody Company Inc. began trading publicly on the NYSE.
Is beachbody a buy right now?
Beachbody Company Inc (NYSE:BODY) The 6 analysts offering 12-month price forecasts for Beachbody Company Inc have a median target of 2.00, with a high estimate of 2.50 and a low estimate of 1.00. The median estimate represents a +36.99% increase from the last price of 1.46.
Is beachbody losing money?
In November, Beachbody reported that quarterly sales fell 17% to $208.1 million, and posted a loss $43.4 million before interest, taxes, depreciation and amortization.
Is beachbody a profitable company?
In 2017, revenue was estimated at $1 billion. In 2018, it dropped to $790 million and in 2019 it dropped further to $756 million. However in 2020, it rose to $880 million and for 2021, they are on track to reach $1.1 billion. Beachbody OnDemand users pay an annual fee of $99 to use the service.
Who owns Beachbody stock?
Top 10 Owners of Beachbody Company IncStockholderStakeShares ownedThe Vanguard Group, Inc.2.90%4,920,306Fidelity Management & Research Co...1.55%2,625,640BlackRock Fund Advisors1.16%1,971,759Robert W. Baird & Co., Inc. (Priv...0.60%1,014,9406 more rows
Is Beachbody a pyramid scheme?
Beachbody is not a pyramid scheme. There are two things that we do as Beachbody Coaches. First, we help people who are going to be investing in a product, and help them to go through the program. Second, we introduce the business opportunity to people who would like to sign up as Coaches themselves.
Who is the owner of Beachbody?
The Beachbody CompanyBeachbody / Parent organizationThe Beachbody Company is a publicly traded American fitness and media company based in Santa Monica, California. It operates the brands Beachbody On Demand, Team Beachbody, MYXfitness and Openfit. Wikipedia
What happened to beachbody?
Summary. Beachbody was taken public last year via a SPAC and has dropped precipitously since its initial listing. Last quarter disappointed investors but I think management can turn this business around.
Why is beachbody tanking?
Management lowered its full-year revenue guidance, citing "delayed product launches, media spend reassessment, COVID-related consumer behavior and market uncertainty." For 2021, it now expects the following: Revenue between $820 million and $830 million, down from the prior outlook of $930 million to $960 million.
Is Tony Horton with Beachbody?
Tony Horton stepped back from Beachbody around 2018. Since he's created his own home workout programs through other companies. Next Level. launched around 2019 and is currently on Amazon.
Should I buy or sell Beachbody stock right now?
4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Beachbody in the last year. There are currently 1 sell rating and...
What is Beachbody's stock price forecast for 2022?
4 Wall Street research analysts have issued 1-year target prices for Beachbody's shares. Their forecasts range from 2.00 to 15.00. On average, they...
How has Beachbody's stock performed in 2022?
Beachbody's stock was trading at 2.37 at the start of the year. Since then, BODY stock has decreased by 35.9% and is now trading at 1.52. View the...
Are investors shorting Beachbody?
Beachbody saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 8,970,000 shares, an increase...
How were Beachbody's earnings last quarter?
The Beachbody Company, Inc. (NYSE:BODY) announced its quarterly earnings data on Monday, May, 9th. The company reported ($0.14) EPS for the quarter...
Who are Beachbody's key executives?
Beachbody's management team includes the following people: Mr. Carl D. Daikeler , Co-Founder, Chairman & CEO (Age 57, Pay $844.42k) Ms. Susan M....
Who are some of Beachbody's key competitors?
Some companies that are related to Beachbody include Jowell Global (JWEL) , Home Bistro (HBIS) , SinglePoint (SING) , BoxScore Brands (BOXS) ,...
What is Beachbody's stock symbol?
Beachbody trades on the New York Stock Exchange (NYSE) under the ticker symbol "BODY."
How do I buy shares of Beachbody?
Shares of BODY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBul...
About Beachbody
The Beachbody Company, Inc. operates as a digital fitness and nutrition subscription company. It operates Beachbody, an on-demand streaming platform; Openfit, a live digital streaming platform; and Myx fitness, a fitness brand platform.
Headlines
Thinking about buying stock in Phunware, Beachbody Company, Rush Street Interactive, Exela Technologies, or Riot Blockchain? - Benzinga
Beachbody (NYSE:BODY) Frequently Asked Questions
5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Beachbody in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Beachbody stock.
BODY stock faces post-merger fatigue
In typical SPAC lingo, the fall in BODY stock is known as "post-merger fatigue." Before the merger announcement, investors bet on the sponsor’s reputation. However, after the merger is announced, markets evaluate the implied valuation of the stock.
Beachbody stock target price
According to the data compiled by TipRanks, two analysts are covering Beachbody stock. The stock has one buy rating and one hold rating. The stock’s average target price of $12.75 is a 28 percent premium over the current prices. BODY stock’s lowest target price is $11, while its highest target price is $14.5.
Why BODY stock has fallen
Along with the post-merger blues, blame the recent investor apathy towards “stay-at-home” stocks and the crash in Peloton stock for the fall in BODY stock. Peloton stock has been weak after reports of a fatal accident involving its equipment and the subsequent recall.
Beachbody's earnings
Beachbody has provided its proforma results for the first quarter of 2021. The company had 3.2 million subscribers at the end of March, which was 39 percent higher than the same period in 2020. Its revenues increased 43 percent YoY in the quarter to $243.3 million.
PTON versus BODY
Both PTON and BODY are targeting a similar market. However, from a valuation perspective, PTON trades at 2022 EV-to-sales multiples of 5.7x, which is way above that of BODY. From a growth perspective, Beachbody should be able to aggressively pursue growth both in North America and globally after the merger with FRX.
Will Beachbody (BODY) stock go up?
Beachbody’s pullback on the second day erased all of its first-day gains and more. Many investors wonder whether BODY stock will recover. The stock was rising in the premarket session on June 30, which is a sign that some investors are taking advantage of the pullback to buy the dip.
Beachbody stock price prediction
Wall Street's coverage of Beachbody is still minimal. Currently, BODY stock carries a 12-month target price of $12.75, which implies 14 percent upside potential to the current price. The highest Beachbody stock price prediction of $14.50 suggests a 30 percent upside.
Is Beachbody stock a good buy now?
Beachbody’s subscribers base is expanding and recently hit 3.2 million. Its subscriber retention rate is also great at about 96 percent. Subscription sales provide recurring revenue and make the business more predictable.
Is Beachbody better than Peloton?
With Beachbody going public, investors now have more fitness stocks to choose from. Should BODY or PTON stock be in your portfolio? If your investment budget can accommodate it, holding both Beachbody and Peloton stocks in your portfolio would be beneficial considering the fitness industry's bright prospects.
The Beachbody Co Inc Stock Forecast
Is The Beachbody Co Inc Stock Undervalued? The current The Beachbody Co Inc [ BODY] share price is $2.3500. The Score for BODY is 72, which is 44% above its historic median score of 50, and infers lower risk than normal.
The Beachbody Co Inc Stock Price History
The current trend is relatively stagnant and BODY is experiencing selling pressure, which indicates risk of future bearish movement.
Stock Predictions
Is The Beachbody Co Inc stock public? Yes, The Beachbody Co Inc is a publicly traded company.
Style Scorecard
The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.
Chart for BODY
The Beachbody Company Inc. is a digital fitness and nutrition subscription company. The Beachbody Company Inc., formerly known as Forest Road Acquisition Corp., is based in headquartered in Southern California.
Why is Beachbody (BODY) stock falling?
Beachbody stock made its public debut on Jun. 28, gaining more than 6 percent on the first day of trading to close at about $13. BODY's decline to under $10 can be attributed to several factors.
Will BODY stock recover?
After BODY stock falls to under $10, many investors see a limited downside. Beachbody shares rose about 2 percent in premarket trading on Jul. 15, a sign that some investors are moving to buy the dip. A rush to accumulate the stock should drive BODY back up.
Beachbody (BODY) stock's price prediction
Analyst's average price target for Beachbody stock is $13.83, which implies an upside of more than 70 percent. Their highest target for BODY is $16 and their lowest is $11, which the stock has dropped below.
Is BODY stock a good long-term investment?
With its broad range of fitness, nutritional products, and digital subscriptions, Beachbody is positioned for growth. Between 2020 and 2025, the company forecasts its revenue growing 30 percent compounded annually to reach $3.3 billion from $880 million.
Signals & Forecast
The The Beachbody Company, Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $1.75 and $1.72. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, The Beachbody Company, Inc. finds support just below today's level at $1.75.
Is The Beachbody Company, Inc. stock A Buy?
The Beachbody Company, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Insiders are very positive buying more shares than they are selling in The Beachbody Company, Inc
In the last 42 trades there were 158.46 million shares bought and 24.29 million shares sold. The last trade was done 90 days ago by Frank Kristin E. who bough 42.49 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
