Beachbody (NYSE:BODY) Shares Up 4.7%

The Beachbody Company, Inc. (NYSE:BODY – Get Rating)’s share price shot up 4.7% during mid-day trading on Friday . The stock traded as high as $0.62 and last traded at $0.61. 326,031 shares were traded during trading, a decline of 8% from the average session volume of 356,241 shares. The stock had previously closed at $0.58.

Analysts Set New Price Targets

Separately, Credit Suisse Group decreased their price objective on shares of Beachbody from $1.70 to $1.50 and set a “neutral” rating for the company in a research report on Thursday, November 10th.

Beachbody Trading Up 4.7 %

The stock has a market capitalization of $189.64 million, a PE ratio of -0.63 and a beta of 1.43. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average is $0.68 and its two-hundred day moving average is $1.02.

Beachbody (NYSE:BODY – Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. Beachbody had a negative net margin of 38.83% and a negative return on equity of 54.39%. The firm had revenue of $165.98 million during the quarter. On average, analysts anticipate that The Beachbody Company, Inc. will post -0.46 earnings per share for the current fiscal year.

Beachbody Company Profile

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The Beachbody Company, Inc operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. It operates in two segments, Beachbody and Other. The company operates Beachbody on Demand, a digital subscription platform that provides access to a library of live and on-demand fitness and nutrition content; and Openfit, a digital streaming platform that provides digital fitness and wellness resource.