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

Key Points

• Shares gapped down premarket Monday, opening at $14.89 versus the prior close of $15.37; the stock last traded at $15.4390 on light volume (1,307 shares).
• Wall Street Zen upgraded FBYD from "sell" to "hold" on April 4, but the stock's consensus rating remains "Sell" based on available analyst coverage.
• The company has a market cap of $1.90 billion and a P/E of 523.33, reported ($0.01) EPS on $6.59 million in revenue last quarter with a 19.06% net margin and 60.95% ROE, and institutional investors own about 38.9% of the shares.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $15.37, but opened at $14.89. Falcon's Beyond Global shares last traded at $15.4390, with a volume of 1,307 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Falcon's Beyond Global from a "sell" rating to a "hold" rating in a research report on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of "Sell".

Falcon's Beyond Global Stock Up 2.1%

The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 523.33 and a beta of -3.77. The firm's fifty day moving average price is $8.95 and its two-hundred day moving average price is $10.86. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36 and a quick ratio of 0.36.

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

Hedge Funds Weigh In On Falcon's Beyond Global

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Falcon's Beyond Global by 434.9% in the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company's stock worth $4,847,000 after purchasing an additional 357,589 shares in the last quarter. Geode Capital Management LLC raised its holdings in Falcon's Beyond Global by 86.2% during the fourth quarter. Geode Capital Management LLC now owns 317,709 shares of the company's stock worth $4,770,000 after buying an additional 147,056 shares during the last quarter. Invesco Ltd. bought a new position in shares of Falcon's Beyond Global in the fourth quarter valued at $2,555,000. State Street Corp grew its holdings in shares of Falcon's Beyond Global by 648.9% during the fourth quarter. State Street Corp now owns 153,824 shares of the company's stock valued at $2,309,000 after buying an additional 133,284 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Falcon's Beyond Global by 21.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company's stock valued at $559,000 after buying an additional 9,082 shares during the last quarter. 38.88% of the stock is owned by institutional investors and hedge funds.

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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