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

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) gapped down before the market opened on Monday . The stock had previously closed at $18.36, but opened at $16.45. Falcon’s Beyond Global shares last traded at $16.5450, with a volume of 1,908 shares traded.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FBYD shares. Wall Street Zen raised shares of Falcon’s Beyond Global to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings restated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. 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”.

Falcon’s Beyond Global Stock Up 1.9%

The firm has a market cap of $2.09 billion, a price-to-earnings ratio of -144.08 and a beta of -2.10. The stock has a 50-day moving average of $14.29 and a 200-day moving average of $10.34. 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 (NASDAQ:FBYD) last posted its earnings results on Friday, November 14th. The company reported ($0.13) earnings per share (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.

Hedge Funds Weigh In On Falcon’s Beyond Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in 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 valued at $42,000 after acquiring an additional 3,764 shares during the period. Clear Street Group Inc. bought a new position in shares of Falcon’s Beyond Global in the third quarter worth $53,000. HighTower Advisors LLC acquired a new position in shares of Falcon’s Beyond Global during the first quarter valued at $124,000. AllGen Financial Advisors Inc. increased its holdings in shares of 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 valued at $476,000 after purchasing an additional 19,157 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of 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 purchasing an additional 9,082 shares in the last quarter. 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.