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

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) gapped down before the market opened on Tuesday . The stock had previously closed at $16.56, but opened at $15.73. Falcon’s Beyond Global shares last traded at $15.65, with a volume of 22,678 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FBYD shares. Wall Street Zen upgraded shares of Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings upgraded shares of Falcon’s Beyond Global from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Falcon’s Beyond Global has an average rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 75.43 and a beta of -2.79. The stock has a fifty day moving average price of $11.94 and a 200 day moving average price of $11.18.

Falcon’s Beyond Global (NASDAQ:FBYD) last posted its earnings results on Monday, March 30th. The company reported ($0.01) earnings per share for the quarter. Falcon’s Beyond Global had a negative return on equity of 8.25% and a net margin of 51.31%.The company had revenue of $6.59 million during the quarter.

Institutional Investors Weigh In On Falcon’s Beyond Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in FBYD. Invesco Ltd. bought a new stake in Falcon’s Beyond Global during the fourth quarter valued at about $2,555,000. Chokshi & Queen Wealth Advisors Inc bought a new stake in Falcon’s Beyond Global during the fourth quarter valued at about $162,000. Barclays PLC bought a new stake in Falcon’s Beyond Global during the fourth quarter valued at about $343,000. Marshall Wace LLP bought a new stake in Falcon’s Beyond Global during the fourth quarter valued at about $207,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Falcon’s Beyond Global during the fourth quarter valued at about $658,000. 38.88% of the stock is currently 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.