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

Falcon’s Beyond Global (NASDAQ:FBYD) released its quarterly earnings data on Friday. The company reported ($0.13) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $4.05 million during the quarter. Falcon’s Beyond Global had a negative return on equity of 82.54% and a net margin of 146.55%.

Falcon’s Beyond Global Stock Down 3.4%

Shares of FBYD stock traded down $0.41 during mid-day trading on Friday, reaching $11.81. 28,656 shares of the company were exchanged, compared to its average volume of 44,427. The company has a debt-to-equity ratio of 32.66, a quick ratio of 0.51 and a current ratio of 0.51. The business’s 50 day simple moving average is $11.71 and its 200 day simple moving average is $8.40. The company has a market capitalization of $1.43 billion, a P/E ratio of 30.03 and a beta of -1.49. Falcon’s Beyond Global has a fifty-two week low of $3.62 and a fifty-two week high of $16.34.

Institutional Trading of Falcon’s Beyond Global

A hedge fund recently raised its stake in Falcon’s Beyond Global stock. Vanguard Group Inc. increased its position in shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) by 434.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 439,813 shares of the company’s stock after purchasing an additional 357,589 shares during the quarter. Vanguard Group Inc. owned 0.36% of Falcon’s Beyond Global worth $4,847,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 38.88% of the company’s stock.

Analyst Upgrades and Downgrades

FBYD has been the subject of several recent research reports. Wall Street Zen upgraded Falcon’s Beyond Global to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Friday, October 31st. 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”.

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.