Falcon's Beyond Global (NASDAQ:FBYD) Shares Up 7% - What's Next?

Key Points

• Falcon’s Beyond Global shares rose about 7% to $7.2250, despite trading volume falling 82% below the average daily level.
• Analyst sentiment remains negative: Wall Street Zen and Weiss Ratings both downgraded the stock, while MarketBeat reports an average rating of “Sell.”
• The company reported a quarterly loss of $0.01 per share on $5.62 million in revenue, alongside negative net margins and return on equity; institutional investors own 38.88% of the shares, with State Street increasing its position by 88.1%.

Shares of Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) were up 7% during trading on Friday. The company traded as high as $7.10 and last traded at $7.2250. 22,891 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 124,313 shares. The stock had previously closed at $6.75.

Wall Street Analyst Weigh In

FBYD has been the subject of several research reports. Wall Street Zen downgraded shares of Falcon's Beyond Global from a "hold" rating to a "sell" rating in a research note on Saturday, August 29th. Weiss Ratings downgraded shares of Falcon's Beyond Global from a "sell (d+)" rating to a "sell (d)" rating in a report on Wednesday, September 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of "Sell".

Falcon's Beyond Global Trading Up 8.6%

The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The company has a market cap of $888.84 million, a price-to-earnings ratio of -73.30 and a beta of -2.60. The firm has a 50 day moving average price of $9.14 and a two-hundred day moving average price of $11.81.

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

Institutional Trading of Falcon's Beyond Global

An institutional investor recently raised its position in Falcon's Beyond Global stock. State Street Corp grew its position in Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Free Report) by 88.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 399,673 shares of the company's stock after purchasing an additional 187,164 shares during the period. State Street Corp owned about 0.33% of Falcon's Beyond Global worth $7,162,000 at the end of the most recent reporting period. Institutional investors own 38.88% of the company's stock.

Falcon's Beyond Global Company Profile

Falcon's Beyond Global, Inc is an entertainment and development company focused on creating immersive attractions, destination resorts and branded experiences. The company combines storytelling, technology and intellectual property to develop theme parks and other location-based entertainment offerings.

Through its businesses, Falcon's Beyond provides attraction design, master planning, creative development and operational services for theme parks and resorts. Its activities also include developing entertainment brands and intellectual property for use across attractions, hospitality, consumer products, media and other forms of experiential entertainment.

The company's portfolio includes the Katmandu brand, which features themed attractions, parks and resort experiences.

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