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

Key Points

• Falcon's Beyond Global's stock price gapped up from $10.38 to $11.26 before closing at $11.70, reflecting increased market activity.
• Despite the stock's rise, Weiss Ratings continues to maintain a “sell” rating, with the consensus among analysts remaining negative.
• The company reported $2.55 million in revenue for the last quarter, yet exhibits a negative return on equity of 82.54%, indicating financial instability.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $10.38, but opened at $11.26. Falcon's Beyond Global shares last traded at $11.70, with a volume of 7,288 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Falcon's Beyond Global in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Sell".

Falcon's Beyond Global Stock Performance

The company has a fifty day moving average price of $9.73 and a two-hundred day moving average price of $7.87. The company has a debt-to-equity ratio of 32.66, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $1.14 billion, a P/E ratio of 23.92 and a beta of -1.49.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter. Falcon's Beyond Global had a negative return on equity of 82.54% and a net margin of 146.55%.The company had revenue of $2.55 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its stake in Falcon's Beyond Global by 147.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company's stock worth $363,000 after purchasing an additional 24,816 shares during the period. AllGen Financial Advisors Inc. bought a new position in shares of Falcon's Beyond Global during the 1st quarter worth approximately $209,000. HighTower Advisors LLC acquired a new stake in shares of Falcon's Beyond Global during the 1st quarter worth approximately $124,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of Falcon's Beyond Global in the 1st quarter valued at $90,000. 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.

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