Falcon’s Beyond Global (NASDAQ:FBYD) Downgraded by Wall Street Zen to Sell

Falcon’s Beyond Global (NASDAQ:FBYD) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings downgraded Falcon’s Beyond Global from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Performance

Shares of NASDAQ:FBYD traded down $0.12 on Friday, reaching $9.87. The company’s stock had a trading volume of 76,568 shares, compared to its average volume of 90,295. The stock’s 50-day moving average is $12.62 and its two-hundred day moving average is $11.53. Falcon’s Beyond Global has a 52-week low of $3.71 and a 52-week 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 stock has a market capitalization of $1.20 billion, a P/E ratio of -98.70 and a beta of -2.57.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $5.62 million for the quarter. Falcon’s Beyond Global had a negative return on equity of 50.04% and a negative net margin of 8.60%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FBYD. Global Retirement Partners LLC acquired a new position in shares of Falcon’s Beyond Global during the fourth quarter worth about $30,000. Strs Ohio purchased a new stake in Falcon’s Beyond Global in the 4th quarter valued at approximately $39,000. Bank of America Corp DE boosted its holdings in Falcon’s Beyond Global by 8,008.5% in the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after purchasing an additional 3,764 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in Falcon’s Beyond Global during the 4th quarter worth approximately $47,000. Finally, California State Teachers Retirement System increased its position in Falcon’s Beyond Global by 633.5% during the 2nd quarter. California State Teachers Retirement System now owns 6,917 shares of the company’s stock worth $124,000 after purchasing an additional 5,974 shares during the period. 38.88% of the stock is currently owned by institutional investors and hedge funds.

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. 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.