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

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price gapped down before the market opened 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 traded.

Wall Street Analysts Forecast Growth

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

Falcon’s Beyond Global Trading Up 2.0%

The business’s 50-day moving average price is $14.62 and its two-hundred day moving average price is $11.22. The company has a market capitalization of $1.98 billion, a P/E ratio of 77.88 and a beta of -2.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.45 and a quick ratio of 0.45.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its quarterly earnings data on Monday, March 30th. The company reported ($0.01) EPS for the quarter. Falcon’s Beyond Global had a negative return on equity of 8.25% and a net margin of 51.31%.The business had revenue of $6.58 million for the quarter.

Hedge Funds Weigh In On Falcon’s Beyond Global

A number of institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in shares of Falcon’s Beyond Global in the 4th quarter valued at $30,000. Strs Ohio acquired a new stake in Falcon’s Beyond Global in the fourth quarter worth $39,000. Bank of America Corp DE raised its holdings in shares of 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 purchasing an additional 3,764 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Falcon’s Beyond Global during the 4th quarter worth about $47,000. Finally, Clear Street Group Inc. acquired a new stake in shares of Falcon’s Beyond Global in the 3rd quarter valued at about $53,000. 38.88% of the stock is currently owned by institutional investors and hedge funds.

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.