Falcon’s Beyond Global (NASDAQ:FBYD) Stock Rating Upgraded by Wall Street Zen

Falcon’s Beyond Global (NASDAQ:FBYD) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Performance

Shares of NASDAQ:FBYD opened at $11.28 on Friday. The company has a market capitalization of $1.37 billion, a PE ratio of 376.00 and a beta of -3.77. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. Falcon’s Beyond Global has a 12-month low of $3.71 and a 12-month high of $29.02. The business’s fifty day simple moving average is $6.69 and its 200-day simple moving average is $10.81.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its quarterly earnings data on Monday, March 30th. The company reported ($0.01) earnings per share for the quarter. Falcon’s Beyond Global had a negative return on equity of 164.17% and a net margin of 19.06%.The company had revenue of $6.59 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Falcon’s Beyond Global by 434.9% in the third quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after buying an additional 357,589 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Falcon’s Beyond Global by 86.2% during the fourth quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock valued at $4,770,000 after buying an additional 147,056 shares during the last quarter. Invesco Ltd. acquired a new position in shares of Falcon’s Beyond Global in the 4th quarter valued at $2,555,000. State Street Corp increased its position in shares of Falcon’s Beyond Global by 648.9% in the 4th quarter. State Street Corp now owns 153,824 shares of the company’s stock valued at $2,309,000 after acquiring an additional 133,284 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Falcon’s Beyond Global by 21.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock valued at $559,000 after acquiring an additional 9,082 shares during the period. Institutional investors and hedge funds own 38.88% of the company’s stock.

About Falcon’s Beyond Global

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.