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

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price gapped up prior to trading on Monday . The stock had previously closed at $19.65, but opened at $20.89. Falcon’s Beyond Global shares last traded at $20.43, with a volume of 5,896 shares traded.

Analysts Set New Price Targets

Several research firms have issued reports on FBYD. Weiss Ratings reissued a “sell (d)” rating on shares of Falcon’s Beyond Global in a research note on Tuesday, December 2nd. Wall Street Zen upgraded 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, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Trading Down 1.6%

The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $2.39 billion, a PE ratio of -164.54 and a beta of -2.10. The company’s 50 day moving average price is $13.09 and its 200 day moving average price is $9.37.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its earnings results on Friday, November 14th. The company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $4.05 million for the quarter. Falcon’s Beyond Global had a negative return on equity of 16.17% and a net margin of 10.57%.

Institutional Investors Weigh In On Falcon’s Beyond Global

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Falcon’s Beyond Global by 434.9% during the third quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after buying an additional 357,589 shares during the period. AllGen Financial Advisors Inc. grew its holdings in Falcon’s Beyond Global by 79.8% during the 3rd quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock worth $476,000 after acquiring an additional 19,157 shares in the last quarter. HighTower Advisors LLC acquired a new position in Falcon’s Beyond Global during the 1st quarter worth approximately $124,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Falcon’s Beyond Global by 21.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock valued at $559,000 after purchasing an additional 9,082 shares during the last quarter. Finally, Clear Street Group Inc. acquired a new stake in shares of Falcon’s Beyond Global in the 3rd quarter valued at $53,000. Hedge funds and other institutional investors own 38.88% of the company’s stock.

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.