Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Down – Here’s What Happened

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) gapped down prior to trading on Friday . The stock had previously closed at $5.97, but opened at $5.23. Falcon’s Beyond Global shares last traded at $5.1540, with a volume of 1,302 shares traded.

Wall Street Analysts Forecast Growth

FBYD has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Falcon’s Beyond Global Trading Up 7.7%

The company has a market capitalization of $658.57 million, a PE ratio of -45.33 and a beta of -1.66. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.31. The company’s fifty day moving average is $12.16 and its 200-day moving average is $10.96.

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

Hedge Funds Weigh In On Falcon’s Beyond Global

A number of large investors have recently added to or reduced their stakes in FBYD. Global Retirement Partners LLC purchased a new stake in shares of Falcon’s Beyond Global during the fourth quarter valued at about $30,000. Strs Ohio bought a new position in shares of Falcon’s Beyond Global during the 4th quarter worth approximately $39,000. Bank of America Corp DE raised its stake in shares of Falcon’s Beyond Global by 8,008.5% during the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock worth $42,000 after acquiring an additional 3,764 shares in the last quarter. Clear Street Group Inc. purchased a new stake in Falcon’s Beyond Global during the third quarter valued at approximately $53,000. Finally, AllGen Financial Advisors Inc. boosted its stake in Falcon’s Beyond Global by 79.8% in the third quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock valued at $476,000 after acquiring an additional 19,157 shares in the last quarter. 38.88% of the stock is currently owned by institutional investors.

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.