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

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

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

Falcon’s Beyond Global Price Performance

Shares of NASDAQ:FBYD opened at $6.89 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.31. The business’s fifty day moving average price is $13.90 and its two-hundred day moving average price is $10.99. The stock has a market cap of $834.10 million, a PE ratio of -57.42 and a beta of -1.80. Falcon’s Beyond Global has a one year low of $3.62 and a one year high of $29.02.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $4.05 million during the quarter. Falcon’s Beyond Global had a negative return on equity of 16.17% and a net margin of 10.57%.

Institutional Investors Weigh In On Falcon’s Beyond Global

Hedge funds have recently modified their holdings of the stock. Clear Street Group Inc. acquired a new position in Falcon’s Beyond Global during the third quarter worth approximately $53,000. Bank of America Corp DE boosted its holdings in shares of Falcon’s Beyond Global by 8,008.5% in the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after purchasing an additional 3,764 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Falcon’s Beyond Global by 434.9% during the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock valued at $4,847,000 after buying an additional 357,589 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Falcon’s Beyond Global by 21.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock worth $559,000 after buying an additional 9,082 shares during the last quarter. Finally, AllGen Financial Advisors Inc. raised its position in shares of Falcon’s Beyond Global by 79.8% in the 3rd quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock worth $476,000 after buying an additional 19,157 shares during the period. 38.88% of the stock is owned by institutional investors and hedge funds.

Falcon’s Beyond Global Company Profile

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.