In the last trading session, 1.25 million Beachbody Company Inc (NYSE:BODY) shares changed hands as the company’s beta touched 1.31. With the company’s per share price at $0.15 changed hands at -$0.01 or -3.31% during last session, the market valuation stood at $48.38M. BODY’s last price was a discount, traded about -500.0% off its 52-week high of $0.90. The share price had its 52-week low at $0.13, which suggests the last value was 13.33% up since then. When we look at Beachbody Company Inc’s average trading volume, we note the 10-day average is 0.93 million shares, with the 3-month average coming to 425.91K.
Analysts gave the Beachbody Company Inc (BODY) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended BODY as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Beachbody Company Inc’s EPS for the current quarter is expected to be -$0.08.
Beachbody Company Inc (NYSE:BODY) trade information
Instantly BODY was in red as seen at the end of in last trading. With action -4.80%, the performance over the past five days has been red. The drop to weekly highs of 0.1783 on Friday, 11/17/23 subtracted -3.31% to the stock’s daily price. The company’s shares are showing year-to-date downside of -70.59%, with the 5-day performance at -4.80% in the red. However, in the 30-day time frame, Beachbody Company Inc (NYSE:BODY) is -42.92% down. Looking at the short shares, we see there were 7.13 million shares sold at short interest cover period of 20.24 days.
The consensus price target for the stock as assigned by Wall Street analysts is $0.68, meaning bulls need an upside of 77.94% from its current market value. According to analyst projections, BODY’s forecast low is $0.25 with $1.10 as the target high. To hit the forecast high, the stock’s price needs a -633.33% plunge from its current level, while the stock would need to soar -66.67% for it to hit the projected low.
Beachbody Company Inc (BODY) estimates and forecasts
Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Beachbody Company Inc will rise 46.70%, while the growth in revenue is estimated to hit 44.40% for the next quarter. Year-over-year growth is forecast to reach -23.60% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $119.55 million. 2 analysts are of the opinion that Beachbody Company Inc’s revenue for the quarter ending Mar 2024 will be $128.29 million. The company’s revenue for the corresponding quarters a year ago was $148.17 million and $144.9 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -19.30%. The estimates for the next quarter sales put growth at -11.50%.
The 2023 estimates are for Beachbody Company Inc earnings to increase by 45.24%, but the outlook for the next 5-year period is at 33.40% per year.
Beachbody Company Inc is expected to release its next quarterly earnings report on November 07.
Beachbody Company Inc (NYSE:BODY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.65% of Beachbody Company Inc shares while 36.15% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 43.38%. There are 36.15% institutions holding the Beachbody Company Inc stock share, with Raine Capital Llc the top institutional holder. As of Jun 29, 2023, the company held 21.26% of the shares, roughly 37.47 million BODY shares worth $15.68 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 2.90% or 5.11 million shares worth $2.14 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 3.05 million shares estimated at $1.28 million under it, the former controlled 1.73% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.78% of the shares, roughly 1.38 million shares worth around $0.58 million.