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

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares gapped down prior to trading on Monday . The stock had previously closed at $18.36, but opened at $16.45. Falcon’s Beyond Global shares last traded at $16.5450, with a volume of 1,908 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on FBYD. Wall Street Zen upgraded shares of Falcon’s Beyond Global to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Falcon’s Beyond Global has an average rating of “Sell”.

Falcon’s Beyond Global Price Performance

The company has a market cap of $2.09 billion, a price-to-earnings ratio of -144.08 and a beta of -2.10. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $14.29 and a 200 day moving average price of $10.34.

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

Institutional Investors Weigh In On Falcon’s Beyond Global

Several institutional investors have recently made changes to their positions in FBYD. Bank of America Corp DE lifted its stake in Falcon’s Beyond Global by 8,008.5% in the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after acquiring an additional 3,764 shares during the last quarter. Clear Street Group Inc. acquired a new stake in shares of Falcon’s Beyond Global in the third quarter worth about $53,000. HighTower Advisors LLC bought a new stake in shares of Falcon’s Beyond Global during the 1st quarter worth about $124,000. AllGen Financial Advisors Inc. increased its holdings in shares of Falcon’s Beyond Global by 79.8% during the 3rd 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 during the last quarter. Finally, 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 valued at $559,000 after acquiring an additional 9,082 shares during the last quarter. 38.88% of the stock is currently 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.