Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Up – Still a Buy?
by Mitch Edgeman · The Markets DailyFalcon’s Beyond Global, Inc. (NASDAQ:FBYD – Get Free Report)’s share price gapped up before the market opened on Monday. The stock had previously closed at $6.75, but opened at $7.35. Falcon’s Beyond Global shares last traded at $7.5550, with a volume of 790 shares.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Weiss Ratings lowered Falcon’s Beyond Global from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, September 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Falcon’s Beyond Global currently has an average rating of “Sell”.
Get Our Latest Stock Report on Falcon’s Beyond Global
Falcon’s Beyond Global Stock Up 6.9%
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 moving average is $9.07 and its two-hundred day moving average is $11.82. The stock has a market cap of $963.29 million, a P/E ratio of -78.85 and a beta of -2.60.
Falcon’s Beyond Global (NASDAQ:FBYD – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $5.62 million during the quarter. Falcon’s Beyond Global had a negative net margin of 8.60% and a negative return on equity of 50.04%.
Hedge Funds Weigh In On Falcon’s Beyond Global
An institutional investor recently raised its position in Falcon’s Beyond Global stock. State Street Corp boosted its position in Falcon’s Beyond Global, Inc. (NASDAQ:FBYD – Free Report) by 88.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 399,673 shares of the company’s stock after acquiring an additional 187,164 shares during the period. State Street Corp owned 0.33% of Falcon’s Beyond Global worth $7,162,000 at the end of the most recent quarter. Institutional investors own 38.88% of the company’s stock.
About Falcon’s Beyond Global
Falcon’s Beyond Global, Inc is an entertainment and development company focused on creating immersive attractions, destination resorts and branded experiences. The company combines storytelling, technology and intellectual property to develop theme parks and other location-based entertainment offerings.
Through its businesses, Falcon’s Beyond provides attraction design, master planning, creative development and operational services for theme parks and resorts. Its activities also include developing entertainment brands and intellectual property for use across attractions, hospitality, consumer products, media and other forms of experiential entertainment.
The company’s portfolio includes the Katmandu brand, which features themed attractions, parks and resort experiences.