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

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price gapped up before the market opened on Friday . The stock had previously closed at $10.80, but opened at $12.15. Falcon’s Beyond Global shares last traded at $11.9850, with a volume of 3,593 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FBYD. Weiss Ratings reissued a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Monday, December 22nd. Wall Street Zen raised Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Up 12.6%

The company has a market cap of $1.65 billion, a price-to-earnings ratio of 452.33 and a beta of -3.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a 50-day moving average price of $7.92 and a 200 day moving average price of $10.77.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its quarterly earnings results on Monday, March 30th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $6.59 million for the quarter. Falcon’s Beyond Global had a return on equity of 60.95% and a net margin of 19.06%.

Institutional Trading of Falcon’s Beyond Global

Several hedge funds and other institutional investors have recently bought and sold shares of FBYD. Vanguard Group Inc. increased its holdings in shares of Falcon’s Beyond Global by 434.9% during the third quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after purchasing an additional 357,589 shares during the period. Geode Capital Management LLC raised its holdings in Falcon’s Beyond Global by 86.2% in the 4th quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock valued at $4,770,000 after acquiring an additional 147,056 shares in the last quarter. Invesco Ltd. acquired a new position in Falcon’s Beyond Global in the 4th quarter valued at $2,555,000. State Street Corp lifted its position in shares of Falcon’s Beyond Global by 648.9% during 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 lifted its position 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 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.

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.