Falcon's Beyond Global (NASDAQ:FBYD) Shares Gap Up - Here's What Happened

Key Points

• Falcon's Beyond Global shares gapped up Friday, opening at $12.15 vs. Thursday's close of $10.80 and trading around $11.99, up about 11.1% on roughly 3,593 shares traded.
• Analysts hold a consensus Sell rating (Weiss Ratings reiterated "sell (d+)"), although Wall Street Zen recently upgraded the stock to a "Hold."
• The company has a $1.62 billion market cap and an extremely high P/E of 446.13 with thin liquidity (current and quick ratios of 0.36); latest quarter showed ($0.01) EPS on $6.59 million revenue despite reported ROE of 60.95% and a 19.06% net margin.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $10.80, but opened at $12.15. Falcon's Beyond Global shares last traded at $11.9850, with a volume of 3,593 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on FBYD shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of Falcon's Beyond Global in a research report on Monday, December 22nd. Wall Street Zen upgraded shares of Falcon's Beyond Global from a "sell" rating to a "hold" rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Falcon's Beyond Global has a consensus rating of "Sell".

Falcon's Beyond Global Trading Up 11.1%

The business has a 50 day moving average of $7.76 and a 200-day moving average of $10.75. The stock has a market cap of $1.62 billion, a PE ratio of 446.13 and a beta of -3.77. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.52.

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

Hedge Funds Weigh In On Falcon's Beyond Global

Institutional investors and hedge funds have recently modified their holdings of the company. AllGen Financial Advisors Inc. grew its stake in Falcon's Beyond Global by 79.8% in the 3rd quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company's stock worth $476,000 after acquiring an additional 19,157 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Falcon's Beyond Global by 21.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company's stock valued at $559,000 after purchasing an additional 9,082 shares during the last quarter. Vanguard Group Inc. boosted its stake in 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 buying an additional 357,589 shares during the last quarter. Bank of America Corp DE grew its holdings in 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 buying an additional 3,764 shares during the period. Finally, Clear Street Group Inc. acquired a new position in shares of Falcon's Beyond Global during the 3rd quarter valued at about $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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