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

Falcon’s Beyond Global (NASDAQ:FBYD) released its quarterly earnings results on Monday. The company reported ($0.01) EPS for the quarter, FiscalAI reports. The business had revenue of $6.59 million during the quarter. Falcon’s Beyond Global had a negative return on equity of 16.17% and a net margin of 10.57%.

Falcon’s Beyond Global Stock Up 24.0%

FBYD stock traded up $2.31 during mid-day trading on Monday, hitting $11.94. 223,204 shares of the company were exchanged, compared to its average volume of 125,067. The company has a market capitalization of $1.45 billion, a PE ratio of -99.50 and a beta of -1.67. The firm has a fifty day simple moving average of $6.11 and a 200 day simple moving average of $10.77. 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 twelve month low of $3.71 and a twelve month high of $29.02.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FBYD. Weiss Ratings restated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. Wall Street Zen lowered Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Falcon’s Beyond Global

A number of hedge funds have recently bought and sold shares of the company. AllGen Financial Advisors Inc. increased its holdings in Falcon’s Beyond Global by 79.8% in the third quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock valued at $476,000 after buying an additional 19,157 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Falcon’s Beyond Global by 21.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock worth $559,000 after buying an additional 9,082 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Falcon’s Beyond Global by 434.9% during the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after buying an additional 357,589 shares during the last quarter. Bank of America Corp DE grew its position in shares of Falcon’s Beyond Global by 8,008.5% in the 3rd 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 in the last quarter. Finally, Clear Street Group Inc. acquired a new position in shares of Falcon’s Beyond Global in the 3rd quarter worth approximately $53,000. 38.88% of the stock is currently owned by institutional investors and hedge funds.

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.