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

Falcon’s Beyond Global (NASDAQ:FBYD) announced its quarterly earnings results on Thursday. The company reported ($0.01) earnings per share for the quarter, FiscalAI reports. The business had revenue of $5.62 million during the quarter. Falcon’s Beyond Global had a negative return on equity of 52.83% and a negative net margin of 8.60%.

Falcon’s Beyond Global Stock Performance

Shares of NASDAQ:FBYD traded down $0.38 during trading on Friday, hitting $9.86. The stock had a trading volume of 59,278 shares, compared to its average volume of 118,477. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.25. 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 $1.20 billion, a price-to-earnings ratio of -98.60 and a beta of -2.57. The stock has a 50-day simple moving average of $13.53 and a two-hundred day simple moving average of $11.19.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Falcon’s Beyond Global

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Falcon’s Beyond Global by 434.9% during the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock valued at $4,847,000 after purchasing an additional 357,589 shares in the last quarter. Bank of America Corp DE grew its position 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 valued at $42,000 after buying an additional 3,764 shares during the period. Strs Ohio purchased a new position in Falcon’s Beyond Global in the fourth quarter valued at $39,000. Global Retirement Partners LLC purchased a new position in Falcon’s Beyond Global in the fourth quarter valued at $30,000. Finally, Geode Capital Management LLC raised its position in shares of Falcon’s Beyond Global by 86.2% in the fourth quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock worth $4,770,000 after acquiring an additional 147,056 shares during the period. Hedge funds and other institutional investors own 38.88% of the company’s stock.

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.