Falcon’s Beyond Global (NASDAQ:FBYD) Lowered to “Sell” Rating by Wall Street Zen

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

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Falcon’s Beyond Global Price Performance

Shares of FBYD opened at $14.25 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.73 billion, a PE ratio of -118.75 and a beta of -2.07. Falcon’s Beyond Global has a 12-month low of $3.62 and a 12-month high of $29.02. The business has a 50-day simple moving average of $14.76 and a two-hundred day simple moving average of $10.62.

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

Hedge Funds Weigh In On Falcon’s Beyond Global

A number of institutional investors and hedge funds have recently made changes to their positions in FBYD. Bank of America Corp DE increased its stake 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 worth $42,000 after acquiring an additional 3,764 shares during the last quarter. Clear Street Group Inc. bought a new position in shares of Falcon’s Beyond Global during the third quarter valued at approximately $53,000. HighTower Advisors LLC purchased a new stake in Falcon’s Beyond Global in the first quarter worth $124,000. AllGen Financial Advisors Inc. lifted 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 valued at $476,000 after buying an additional 19,157 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Falcon’s Beyond Global by 21.8% in the third 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 period. 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. 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.