Falcon's Beyond Global (NASDAQ:FBYD) Trading Up 10.9% - Here's Why

Key Points

• Falcon’s Beyond Global shares rose 10.9% to approximately $10.94, despite trading volume falling 90% below the average session volume.
• Weiss Ratings upgraded the stock from “sell (D+)” to “hold (C-),” while the broader analyst consensus remains Hold.
• The company reported a quarterly loss of $0.01 per share on $5.62 million in revenue; it continues to show weak profitability, with a negative net margin of 8.60% and negative return on equity of 50.04%.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) shares were up 10.9% on Monday . The company traded as high as $11.01 and last traded at $10.9360. 12,194 shares were traded during mid-day trading, a decline of 90% from the average session volume of 122,477 shares. The stock had previously closed at $9.86.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Falcon's Beyond Global from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Falcon's Beyond Global presently has a consensus rating of "Hold".

Falcon's Beyond Global Stock Performance

The company has a 50 day simple moving average of $13.53 and a 200-day simple moving average of $11.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market cap of $1.27 billion, a P/E ratio of -104.75 and a beta of -2.57.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $5.62 million for the quarter. Falcon's Beyond Global had a negative net margin of 8.60% and a negative return on equity of 50.04%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new position in shares of Falcon's Beyond Global during the fourth quarter worth approximately $30,000. Strs Ohio purchased a new stake in shares of Falcon's Beyond Global in the 4th quarter valued at $39,000. Bank of America Corp DE grew its holdings in shares of Falcon's Beyond Global by 8,008.5% during the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company's stock valued at $42,000 after purchasing an additional 3,764 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Falcon's Beyond Global during the 4th quarter valued at $47,000. Finally, MetLife Investment Management LLC purchased a new position in Falcon's Beyond Global in the 4th quarter worth $130,000. 38.88% of the stock is currently owned by institutional investors.

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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