Falcon’s Beyond Global, Inc. (NASDAQ:FBYD – Get Free Report)’s stock price traded down 7.2% during trading on Monday . The company traded as low as $6.36 and last traded at $6.4610. Approximately 16,831 shares were traded during mid-day trading, a decline of 87% from the average session volume of 124,847 shares. The stock had previously closed at $6.96.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on FBYD shares. Weiss Ratings cut Falcon’s Beyond Global from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday. Wall Street Zen cut Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.
View Our Latest Report on FBYD
Falcon’s Beyond Global Price Performance
Falcon’s Beyond Global (NASDAQ:FBYD – Get Free Report) last released its earnings results 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 Inflows and Outflows
A hedge fund recently bought a new stake in Falcon’s Beyond Global stock. Bank of New York Mellon Corp acquired a new stake in Falcon’s Beyond Global, Inc. (NASDAQ:FBYD – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 59,538 shares of the company’s stock, valued at approximately $1,067,000. 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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