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

Falcon’s Beyond Global (NASDAQ:FBYD) released its earnings results on Thursday. The company reported ($0.01) earnings per share for the quarter, FiscalAI reports. Falcon’s Beyond Global had a negative return on equity of 8.25% and a net margin of 51.31%.The business had revenue of $5.62 million for the quarter.

Falcon’s Beyond Global Price Performance

Shares of FBYD traded up $0.24 during trading hours on Thursday, reaching $10.24. The stock had a trading volume of 76,261 shares, compared to its average volume of 123,651. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.45. Falcon’s Beyond Global has a 12 month low of $3.71 and a 12 month high of $29.02. The stock has a market capitalization of $1.24 billion, a PE ratio of 48.76 and a beta of -2.57. The company’s 50-day moving average is $13.73 and its two-hundred day moving average is $11.18.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Falcon’s Beyond Global

A number of institutional investors have recently added to or reduced their stakes in FBYD. Global Retirement Partners LLC acquired a new stake in Falcon’s Beyond Global in the fourth quarter valued at $30,000. Strs Ohio bought a new position in Falcon’s Beyond Global during the fourth quarter worth $39,000. Bank of America Corp DE boosted its position 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 in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in Falcon’s Beyond Global in the fourth quarter worth approximately $47,000. Finally, MetLife Investment Management LLC acquired a new stake in Falcon’s Beyond Global in the 4th quarter valued at $130,000. 38.88% of the stock is owned by institutional investors.

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.