Wall Street Zen Downgrades Falcon’s Beyond Global (NASDAQ:FBYD) to Sell

Falcon’s Beyond Global (NASDAQ:FBYD) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

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

Falcon’s Beyond Global Price Performance

Shares of NASDAQ FBYD opened at $5.44 on Friday. The firm has a market capitalization of $658.57 million, a P/E ratio of -45.33 and a beta of -1.64. The firm’s 50-day moving average price is $12.16 and its 200-day moving average price is $10.98. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. Falcon’s Beyond Global has a 1-year low of $4.81 and a 1-year high of $29.02.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in shares of Falcon’s Beyond Global during the 4th quarter worth approximately $30,000. Strs Ohio purchased a new stake in shares of Falcon’s Beyond Global during the fourth quarter valued at approximately $39,000. Bank of America Corp DE lifted its holdings in Falcon’s Beyond Global by 8,008.5% during 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 period. Vanguard Group Inc. boosted its position in Falcon’s Beyond Global by 434.9% in the third quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after purchasing an additional 357,589 shares during the last quarter. Finally, Clear Street Group Inc. purchased a new position in Falcon’s Beyond Global in the third quarter worth $53,000. 38.88% of the stock is currently owned by hedge funds and other institutional investors.

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.