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

by · The Markets Daily

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD – Get Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $18.48, but opened at $17.54. Falcon’s Beyond Global shares last traded at $18.95, with a volume of 14,334 shares traded.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FBYD shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Falcon’s Beyond Global in a research note on Tuesday. Wall Street Zen raised shares of Falcon’s Beyond Global to a “hold” rating in a research note on Saturday, October 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Falcon’s Beyond Global presently has an average rating of “Sell”.

Read Our Latest Report on Falcon’s Beyond Global

Falcon’s Beyond Global Trading Up 10.4%

The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of -170.08 and a beta of -2.07. The firm’s 50 day moving average is $12.76 and its 200 day moving average is $9.17.

Falcon’s Beyond Global (NASDAQ:FBYD – Get Free Report) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.13) 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 large investors have recently made changes to their positions in the company. Bank of America Corp DE increased 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 purchasing an additional 3,764 shares during the last quarter. Clear Street Group Inc. bought a new stake in Falcon’s Beyond Global in the third quarter worth $53,000. HighTower Advisors LLC acquired a new position in Falcon’s Beyond Global during the first quarter worth $124,000. AllGen Financial Advisors Inc. increased its position in Falcon’s Beyond Global by 79.8% during the third quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock worth $476,000 after buying an additional 19,157 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Falcon’s Beyond Global by 21.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock valued at $559,000 after buying an additional 9,082 shares in the last quarter. Institutional investors own 38.88% of the company’s stock.

Falcon’s Beyond Global Company Profile

(Get Free Report)

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.

Featured Stories