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

Falcon’s Beyond Global (NASDAQ:FBYD) posted its quarterly earnings data on Thursday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports. Falcon’s Beyond Global had a net margin of 19.06% and a return on equity of 60.95%. The firm had revenue of $5.38 million during the quarter.

Falcon’s Beyond Global Trading Up 14.7%

Shares of Falcon’s Beyond Global stock traded up $1.45 during trading on Thursday, reaching $11.31. 55,069 shares of the company were exchanged, compared to its average volume of 73,907. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.52. Falcon’s Beyond Global has a twelve month low of $3.71 and a twelve month high of $29.02. The business has a 50-day moving average price of $10.88 and a 200-day moving average price of $11.01. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 377.00 and a beta of -2.79.

Analyst Ratings Changes

Separately, 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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Falcon’s Beyond Global

A number of institutional investors have recently made changes to their positions in the stock. Invesco Ltd. acquired a new stake in shares of Falcon’s Beyond Global during the fourth quarter worth $2,555,000. Chokshi & Queen Wealth Advisors Inc acquired a new stake in shares of Falcon’s Beyond Global during the fourth quarter worth $162,000. Barclays PLC acquired a new position in shares of Falcon’s Beyond Global in the 4th quarter valued at $343,000. Marshall Wace LLP acquired a new position in shares of Falcon’s Beyond Global in the 4th quarter valued at $207,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of Falcon’s Beyond Global in the 4th quarter valued at $658,000. 38.88% of the stock is owned by institutional investors and hedge funds.

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.