Falcon's Beyond Global (NASDAQ:FBYD) Shares Down 5.1% - What's Next?

Key Points

• Shares of Falcon's Beyond Global fell 5.1% to about $12.88 on Monday, with volume of 79,106 shares (down ~35% from the average session volume).
• Analyst sentiment remains weak with a consensus "Sell" rating, although Wall Street Zen recently upgraded the stock to a "Hold" while Weiss Ratings still lists a "sell (d+)".
• Fundamentals are mixed: the company reported ($0.01) EPS on $6.59M in revenue, yet trades at a high P/E of 448.33 with low liquidity (quick ratio 0.36) and a market cap of about $1.63 billion.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s stock price fell 5.1% on Monday . The stock traded as low as $12.94 and last traded at $12.8750. 79,106 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 122,417 shares. The stock had previously closed at $13.57.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FBYD. Wall Street Zen raised shares of Falcon's Beyond Global from a "sell" rating to a "hold" rating in a report on Saturday, April 4th. Weiss Ratings reissued a "sell (d+)" rating on shares of Falcon's Beyond Global in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Sell".

Falcon's Beyond Global Trading Down 0.9%

The business's fifty day simple moving average is $7.92 and its two-hundred day simple moving average is $10.77. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.52. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 448.33 and a beta of -3.77.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last posted its earnings results on Monday, March 30th. The company reported ($0.01) EPS for the quarter. Falcon's Beyond Global had a return on equity of 60.95% and a net margin of 19.06%.The firm had revenue of $6.59 million for the quarter.

Institutional Investors Weigh In On Falcon's Beyond Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in shares of Falcon's Beyond Global in the 4th quarter valued at $30,000. Strs Ohio acquired a new position in shares of Falcon's Beyond Global in the 4th quarter valued at $39,000. Bank of America Corp DE increased its holdings in shares of Falcon's Beyond Global by 8,008.5% in the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company's stock valued at $42,000 after acquiring an additional 3,764 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Falcon's Beyond Global in the 4th quarter valued at $47,000. Finally, Clear Street Group Inc. acquired a new position in shares of Falcon's Beyond Global in the 3rd quarter valued at $53,000. Hedge funds and other institutional investors own 38.88% of the company's stock.

Falcon's Beyond Global Company Profile

Falcon's Beyond Global, Inc is an experiential entertainment development enterprise. It connects the world by bringing stories to life through theme parks, resorts, animation, consumer products, gaming, and movies. The company propels intellectual property activations concurrently across physical and digital experiences through three core business units. Falcon's Creative Group is a themed entertainment and master planning firm. Falcon's Beyond Destinations develops, owns, and operates global entertainment destinations from resorts, theme parks, and attractions to retail, dining and location-based entertainment venues.

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