Falcon's Beyond Global (NASDAQ:FBYD) Trading Up 7.8% - Still a Buy?

Key Points

• Falcon’s Beyond Global shares rose 7.8% to about $6.67 in Monday trading, despite volume running 49% below its average.
• Analyst sentiment remains negative: the stock carries a consensus “Sell” rating, with recent coverage downgrading it from “Hold” to “Sell.”
• The company reported a quarterly loss of $0.01 per share on $5.62 million in revenue, along with negative profitability metrics including a 50.04% return on equity and an 8.60% net margin.

Shares of Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) shot up 7.8% during mid-day trading on Monday . The company traded as high as $6.63 and last traded at $6.6730. Approximately 62,649 shares were traded during trading, a decline of 49% from the average daily volume of 122,504 shares. The stock had previously closed at $6.19.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings raised Falcon's Beyond Global from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, September 1st. Wall Street Zen lowered shares of Falcon's Beyond Global from a "hold" rating to a "sell" rating in a research report on Saturday, August 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of "Sell".

Falcon's Beyond Global Stock Up 7.6%

The stock has a market capitalization of $807.59 million, a price-to-earnings ratio of -66.60 and a beta of -2.60. 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 firm has a 50-day moving average of $10.61 and a two-hundred day moving average of $11.80.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its holdings in shares of Falcon's Beyond Global by 633.5% in the 2nd quarter. California State Teachers Retirement System now owns 6,917 shares of the company's stock worth $124,000 after acquiring an additional 5,974 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Falcon's Beyond Global during the second quarter valued at approximately $1,067,000. Invesco Ltd. acquired a new stake in shares of Falcon's Beyond Global in the fourth quarter valued at approximately $2,555,000. Chokshi & Queen Wealth Advisors Inc bought a new position in Falcon's Beyond Global in the 4th quarter worth approximately $162,000. Finally, Barclays PLC acquired a new position in Falcon's Beyond Global during the 4th quarter worth $343,000. Institutional investors and hedge funds 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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