Falcon’s Beyond Global (NASDAQ:FBYD) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Falcon’s Beyond Global (NASDAQ:FBYD) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Price Performance

NASDAQ FBYD opened at $5.44 on Friday. Falcon’s Beyond Global has a 1 year low of $4.81 and a 1 year high of $29.02. The business’s fifty day moving average is $12.16 and its two-hundred day moving average is $10.96. The stock has a market capitalization of $658.57 million, a P/E ratio of -45.33 and a beta of -1.66. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.31.

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

Hedge Funds Weigh In On Falcon’s Beyond Global

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Falcon’s Beyond Global by 434.9% during the third quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock valued at $4,847,000 after purchasing an additional 357,589 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Falcon’s Beyond Global in the 4th quarter worth approximately $30,000. Strs Ohio acquired a new stake in shares of Falcon’s Beyond Global during the 4th quarter valued at $39,000. Clear Street Group Inc. purchased a new position in shares of Falcon’s Beyond Global during the 3rd quarter valued at $53,000. Finally, Bank of America Corp DE increased its stake in shares of 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 worth $42,000 after acquiring an additional 3,764 shares during the last quarter. Institutional investors and hedge funds own 38.88% of the company’s stock.

About Falcon’s Beyond Global

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.