Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD – Get Free Report) traded down 13.6% during mid-day trading on Friday. The stock traded as low as $6.79 and last traded at $6.6240. 30,614 shares were traded during mid-day trading, a decline of 75% from the average session volume of 121,145 shares. The stock had previously closed at $7.67.
Wall Street Analyst Weigh In
FBYD has been the topic of a number of recent research reports. Weiss Ratings downgraded Falcon’s Beyond Global from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, September 16th. Wall Street Zen cut Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on FBYD
Falcon’s Beyond Global Stock Performance
The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66. The firm’s 50 day moving average is $8.14 and its 200-day moving average is $10.19. The stock has a market capitalization of $837.91 million, a price-to-earnings ratio of -69.10 and a beta of -2.51.
Falcon’s Beyond Global (NASDAQ:FBYD – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.01) EPS 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 firm had revenue of $5.62 million for the quarter.
Hedge Funds Weigh In On Falcon’s Beyond Global
Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp boosted its position in Falcon’s Beyond Global by 88.1% during the second quarter. State Street Corp now owns 399,673 shares of the company’s stock worth $7,162,000 after purchasing an additional 187,164 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Falcon’s Beyond Global in the second quarter valued at approximately $1,067,000. Finally, Black Diamond Financial LLC purchased a new stake in shares of Falcon’s Beyond Global in the third quarter valued at approximately $85,000. Hedge funds and other institutional investors own 38.88% of the company’s stock.
About Falcon’s Beyond Global
Falcon’s Beyond Global, Inc is an entertainment and technology company that develops immersive destinations, intellectual property and branded experiences. Its activities span theme parks, resorts, attractions, media, merchandise and other forms of location-based entertainment, with a focus on combining storytelling, creative design and technology.
The company operates through businesses that develop and manage destination entertainment projects, create and license original characters and brands, and produce content and experiences for consumers.
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