Falcon’s Beyond Global (NASDAQ:FBYD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Falcon’s Beyond Global (NASDAQ:FBYD) from a sell rating to a hold rating in a report published on Saturday.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Falcon’s Beyond Global Trading Up 8.0%

FBYD opened at $12.18 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 406.00 and a beta of -3.77. The firm has a 50 day simple moving average of $6.82 and a 200 day simple moving average of $10.80. Falcon’s Beyond Global has a fifty-two week low of $3.71 and a fifty-two week high of $29.02.

Falcon’s Beyond Global (NASDAQ:FBYD) last posted its quarterly earnings results on Monday, March 30th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $6.59 million for the quarter. Falcon’s Beyond Global had a negative return on equity of 164.17% and a net margin of 19.06%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Invesco Ltd. acquired a new position in Falcon’s Beyond Global during the fourth quarter valued at approximately $2,555,000. Chokshi & Queen Wealth Advisors Inc acquired a new position in Falcon’s Beyond Global during the fourth quarter valued at approximately $162,000. Barclays PLC acquired a new position in Falcon’s Beyond Global during the fourth quarter valued at approximately $343,000. Marshall Wace LLP acquired a new position in Falcon’s Beyond Global during the fourth quarter valued at approximately $207,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in Falcon’s Beyond Global during the fourth quarter valued at approximately $658,000. Institutional investors and hedge funds 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.