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

Key Points

• Falcon's Beyond Global, Inc. (NASDAQ:FBYD) saw its stock price increase significantly, opening at $7.73 after previously closing at $7.12.
• The company reported earnings of $0.30 per share and generated $2.55 million in revenue for the most recent quarter, with a net margin of 146.55%.
• Institutional investors own 38.88% of Falcon's Beyond Global, with notable increases in holdings from firms like Wealth Enhancement Advisory Services LLC and Geode Capital Management LLC.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $7.12, but opened at $7.73. Falcon's Beyond Global shares last traded at $7.20, with a volume of 3,658 shares trading hands.

Falcon's Beyond Global Trading Up 1.9%

The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 32.66. The company has a market cap of $903.03 million, a PE ratio of 18.97 and a beta of -1.77. The stock has a 50 day moving average price of $6.65 and a 200 day moving average price of $7.14.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last posted 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 business had revenue of $2.55 million during the quarter.

Institutional Investors Weigh In On Falcon's Beyond Global

Hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of 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 valued at $363,000 after purchasing an additional 24,816 shares during the last quarter. Northern Trust Corp bought a new position in Falcon's Beyond Global during the 4th quarter valued at approximately $89,000. Cassaday & Co Wealth Management LLC bought a new position in Falcon's Beyond Global during the 1st quarter valued at approximately $90,000. HighTower Advisors LLC purchased a new position in Falcon's Beyond Global during the first quarter valued at $124,000. Finally, AllGen Financial Advisors Inc. bought a new stake in Falcon's Beyond Global in the first quarter worth $209,000. 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.