Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Down – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $16.03, but opened at $15.14. Falcon’s Beyond Global shares last traded at $15.1650, with a volume of 16,466 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FBYD shares. Wall Street Zen upgraded Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings upgraded Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Falcon’s Beyond Global Stock Performance

The company has a market cap of $1.98 billion, a P/E ratio of 77.88 and a beta of -2.84. The business has a fifty day simple moving average of $14.62 and a two-hundred day simple moving average of $11.22. 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 (NASDAQ:FBYD) last announced its earnings results on Monday, March 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $6.58 million for the quarter. Falcon’s Beyond Global had a net margin of 51.31% and a negative return on equity of 8.25%.

Institutional Trading of Falcon’s Beyond Global

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Falcon’s Beyond Global by 434.9% in the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after acquiring an additional 357,589 shares in the last quarter. Geode Capital Management LLC increased its position in Falcon’s Beyond Global by 86.2% during the 4th quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock valued at $4,770,000 after buying an additional 147,056 shares in the last quarter. Invesco Ltd. purchased a new position in Falcon’s Beyond Global in the 4th quarter worth $2,555,000. State Street Corp lifted its position in Falcon’s Beyond Global by 648.9% during the 4th quarter. State Street Corp now owns 153,824 shares of the company’s stock worth $2,309,000 after acquiring an additional 133,284 shares during the period. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Falcon’s Beyond Global during the 4th quarter valued at about $658,000. Hedge funds and other institutional investors own 38.88% of the company’s stock.

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.