Falcon's Beyond Global (NASDAQ:FBYD) Shares Up 4.1% - What's Next?

Key Points

• Falcon’s Beyond Global shares rose 4.1% to $5.82 during Friday trading, though volume was 89% below its average.
• Analyst sentiment is negative: MarketBeat reports an average Sell rating, with one analyst rating the stock Sell.
• The company reported a quarterly loss of $0.09 per share and revenue of $7.29 million; its net margin and return on equity were also negative.

Shares of Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) traded up 4.1% during trading on Friday. The company traded as high as $6.30 and last traded at $5.82. Approximately 13,619 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 119,610 shares. The stock had previously closed at $5.59.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wall Street Zen downgraded Falcon's Beyond Global from a "hold" rating to a "sell" rating in a research note on Saturday, August 29th. Weiss Ratings downgraded Falcon's Beyond Global from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday, September 16th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of "Sell".

Falcon's Beyond Global Trading Down 1.0%

The company has a market cap of $671.05 million, a price-to-earnings ratio of -55.32 and a beta of -2.33. The business's 50 day moving average price is $7.61 and its 200-day moving average price is $10.18. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last released its quarterly earnings results on Thursday, November 12th. The company reported ($0.09) earnings per share for the quarter. Falcon's Beyond Global had a negative net margin of 8.60% and a negative return on equity of 50.04%. The company had revenue of $7.29 million during the quarter.

Institutional Investors Weigh In On Falcon's Beyond Global

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp grew its stake in shares of Falcon's Beyond Global by 88.1% in the second quarter. State Street Corp now owns 399,673 shares of the company's stock valued at $7,162,000 after acquiring an additional 187,164 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Falcon's Beyond Global in the 2nd quarter valued at about $1,067,000. HighTower Advisors LLC bought a new stake in Falcon's Beyond Global in the 3rd quarter valued at about $179,000. Black Diamond Financial LLC acquired a new position in shares of Falcon's Beyond Global during the 3rd quarter worth approximately $85,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Falcon's Beyond Global during the 3rd quarter worth approximately $58,000. Institutional investors and hedge funds own 38.88% of the company's stock.

Falcon's Beyond Global Company Profile

Falcon's Beyond Global is an experiential entertainment company that develops and operates attractions, destinations and related media. Its activities span creative design and consulting, attraction development and technology, and the creation and licensing of entertainment brands and intellectual property. The company's businesses include Falcon's Creative Group, which designs themed experiences and attractions, and Falcon's Attractions, which develops related products and technologies. Through its destinations business, Falcon's Beyond has brought its Katmandu brand to theme parks, including locations in Punta Cana, Dominican Republic, and Mallorca, Spain.

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