On February 04, Beachbody Co. Inc. (BODY) continued on a bullish path adding 10.29% in regular trading followed by 7.77% after hours. There is no official announcement, SEC filing, or upcoming event in the company’s timeline.
During the regular trading session, the stock varied between a high of $1.9300 and a low of $1.7050. BODY closed the session at $1.9300 to add $0.18 at a below-average volume of 1.1 million. The stock continued its bullishness into the after-hours to reach $2.0800 on Friday.
More about BODY and its Movement
The health and wellness company, Beachbody Co. Inc. operates holistic health and wellness platforms. It was founded in 1998 and is based in Santa Monica, CA. Currently, its 168.22 million outstanding shares trade at a market capitalization of $597.28 million.
While there is no official announcement or SEC filing, the stock has been bullish to add 17.68% in the past five days. The stock seems to be moving on external factors like social media chatter or stock sentiment. Moreover, BODY stock has declined by 18.57% year to date while it subtracted 82.01% last year.
Good Housekeeping 2022 Fitness Award
On January 21, the company announced the selection of its BODi as a winner of the Good Housekeeping 2022 Fitness Award. BODi or Beachbody On Demand Interactive is the company’s live interactive premium subscription tier. Further, it has been awarded the title for Top Fitness Apps with the Best Classes on Demand.
BODi is a new interactive premium tier for Beachbody On Demand (BOD), which was launched in October 2021. It merges the immersive supportive experience of live group exercise classes with the convenience of at-home workouts. Moreover, it offers both daily live and on-demand classes featuring all types from yoga to indoor cycling with BODY’s most recognized trainers.
In addition, the BODi tier has a price of $19.95 per month, with a pre-requisite of a Beachbody On Demand membership.
BODY’s Financial Results
On November 15, the company announced its financial results for the third quarter of 2021, which ended on September 30.
Hence, in the third quarter of 2021, BODY reported revenue of $208.1 million, marking a decline of 17% year over year and an increase of 6% against 2019.
Furthermore, the company incurred a net loss of $39.9 million in Q3 2021. Comparatively, the company had a net income of $13.8 million in the year-ago period.
