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

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

Falcon’s Beyond Global Price Performance

Shares of Falcon’s Beyond Global stock traded down $0.41 during trading on Friday, hitting $11.81. The stock had a trading volume of 28,656 shares, compared to its average volume of 44,427. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 32.66. Falcon’s Beyond Global has a 12 month low of $3.62 and a 12 month high of $16.34. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 30.03 and a beta of -1.49. The business’s 50-day moving average is $11.71 and its 200 day moving average is $8.40.

Institutional Investors Weigh In On Falcon’s Beyond Global

A hedge fund recently raised its stake in Falcon’s Beyond Global stock. Vanguard Group Inc. increased its position in Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) by 434.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 439,813 shares of the company’s stock after buying an additional 357,589 shares during the quarter. Vanguard Group Inc. owned 0.36% of Falcon’s Beyond Global worth $4,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 38.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FBYD shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Friday, October 31st. Wall Street Zen raised Falcon’s Beyond Global to a “hold” rating in a report on Saturday, October 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Falcon’s Beyond Global presently has an average rating of “Sell”.

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.