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

Falcon’s Beyond Global (NASDAQ:FBYD) released its earnings results on Thursday. The company reported ($0.09) earnings per share for the quarter, FiscalAI reports. The business had revenue of $7.29 million during the quarter. Falcon’s Beyond Global had a negative return on equity of 50.04% and a negative net margin of 8.60%.

Falcon’s Beyond Global Stock Down 1.0%

FBYD stock traded down $0.06 on Friday, reaching $5.54. 44,853 shares of the company traded hands, compared to its average volume of 119,777. Falcon’s Beyond Global has a one year low of $3.71 and a one year high of $29.02. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market cap of $671.17 million, a P/E ratio of -55.35 and a beta of -2.33. The firm has a fifty day simple moving average of $7.61 and a 200-day simple moving average of $10.18.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FBYD. Weiss Ratings cut shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, September 16th. Wall Street Zen cut shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Falcon’s Beyond Global

Several hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in shares of Falcon’s Beyond Global during the third quarter valued at $58,000. Black Diamond Financial LLC bought a new position in Falcon’s Beyond Global in the 3rd quarter worth about $85,000. HighTower Advisors LLC bought a new position in Falcon’s Beyond Global in the 3rd quarter worth about $179,000. Bank of New York Mellon Corp bought a new position in Falcon’s Beyond Global in the 2nd quarter worth about $1,067,000. Finally, State Street Corp grew its position in Falcon’s Beyond Global by 88.1% during the 2nd quarter. State Street Corp now owns 399,673 shares of the company’s stock valued at $7,162,000 after purchasing an additional 187,164 shares during the last quarter. 38.88% of the stock is owned by institutional investors.

About Falcon’s Beyond Global

Falcon’s Beyond Global is an experiential entertainment company that develops and operates attractions, destinations and related media. Its activities span creative design and consulting, attraction development and technology, and the creation and licensing of entertainment brands and intellectual property. The company’s businesses include Falcon’s Creative Group, which designs themed experiences and attractions, and Falcon’s Attractions, which develops related products and technologies. Through its destinations business, Falcon’s Beyond has brought its Katmandu brand to theme parks, including locations in Punta Cana, Dominican Republic, and Mallorca, Spain.