Falcon’s Beyond Global (NASDAQ:FBYD) Releases Quarterly Earnings Results

Falcon’s Beyond Global (NASDAQ:FBYD) posted its earnings results on Thursday. The company reported ($0.09) EPS for the quarter, FiscalAI reports. Falcon’s Beyond Global had a negative net margin of 8.60% and a negative return on equity of 50.04%. The company had revenue of $7.29 million during the quarter.

Falcon’s Beyond Global Stock Performance

Falcon’s Beyond Global stock traded down $0.72 during mid-day trading on Thursday, reaching $5.61. 175,985 shares of the company were exchanged, compared to its average volume of 119,918. The firm has a market cap of $679.90 million, a PE ratio of -55.80 and a beta of -2.33. 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 simple moving average is $7.65 and its two-hundred day simple moving average is $10.18. Falcon’s Beyond Global has a twelve month low of $3.71 and a twelve month high of $29.02.

Institutional Trading of Falcon’s Beyond Global

Hedge funds have recently made changes to their positions in the company. State Street Corp lifted its position in Falcon’s Beyond Global by 23.2% in the third quarter. State Street Corp now owns 492,451 shares of the company’s stock valued at $4,161,000 after purchasing an additional 92,778 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Falcon’s Beyond Global in the third quarter valued at approximately $179,000. Russell Investments Group Ltd. purchased a new stake in shares of Falcon’s Beyond Global in the third quarter valued at approximately $58,000. Black Diamond Financial LLC acquired a new position in Falcon’s Beyond Global during the third quarter worth $85,000. Finally, Bank of New York Mellon Corp acquired a new position in Falcon’s Beyond Global during the second quarter worth $1,067,000. Institutional investors and hedge funds own 38.88% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on FBYD shares. Weiss Ratings lowered Falcon’s Beyond Global from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, September 16th. Wall Street Zen downgraded Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Falcon’s Beyond Global has an average rating of “Sell”.

About Falcon’s Beyond Global

Falcon’s Beyond Global is an experiential entertainment company that develops and operates attractions, destinations and related media. Its activities span creative design and consulting, attraction development and technology, and the creation and licensing of entertainment brands and intellectual property. The company’s businesses include Falcon’s Creative Group, which designs themed experiences and attractions, and Falcon’s Attractions, which develops related products and technologies. Through its destinations business, Falcon’s Beyond has brought its Katmandu brand to theme parks, including locations in Punta Cana, Dominican Republic, and Mallorca, Spain.