The Beachbody Company Stock Is An At Home Fitness Play

On Aug. 12, 2021, Beachbody released its fiscal second-quarter 2021 results for the quarter ending June 2021. The Company reported an adjusted earnings-per-share (EPS) loss of (-$0.05) as revenues rose 2.1% year-over-year (YoY) to $223.11 million. Two-year revenues growth was 21%, 55% increase in subscriptions and 75% total streams growth of 75%. The Company closed the quarter with $347.2 million in cash with no debt. Beachbody will accelerate growth 30% with growth in bike units, BOD launch and increased medial investment in H2 2021. The Company sees full-year 2021 revenues of $930 million to $960 million and adjusted EBITDA loss of (-$110 million) to (-$100 million).

Beachbody CEO Carl Daikeler commented:

CEO Daikeler boldly stated:

Using the rifle charts on the weekly and daily time frames provides a precision view of the landscape for BODY stock. The weekly rifle chart breakdown has an inverse pup and stochastic mini inverse pup downtrend with a falling 5-period moving average (MA) at the $11.01 Fibonacci (fib) level and weekly lower Bollinger Bands (BBs) at the $9.25 fib. The weekly market structure low (MSL) buy triggers above $10.83. The daily final chart has an ugly inverse pup breakdown powered by the stochastic low band mini inverse pup. The daily 5-period MA resistance is falling at $9.75 with lower daily BBs near the $8.73 fib. The charts are not pretty to say the least, but they are creating an opportunity in spite of the panic selling. Prudent and risk-tolerant investors opportunistic pullback levels at the $8.73 fib, $8.28 fib, $7.87 fib, $7.51 fib, $6.98 fib, and the $6.44 fib level. The upside trajectories range from the $12.05 fib up to the $15.03 fib level.

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