Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Down – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares gapped down before the market opened on Monday . The stock had previously closed at $18.02, but opened at $17.50. Falcon’s Beyond Global shares last traded at $18.53, with a volume of 87,275 shares traded.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FBYD. Wall Street Zen raised Falcon’s Beyond Global to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Falcon’s Beyond Global Price Performance

The business’s 50-day simple moving average is $13.89 and its two-hundred day simple moving average is $10.10. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of -151.79 and a beta of -2.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.31.

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

Institutional Trading of Falcon’s Beyond Global

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings 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 purchasing an additional 357,589 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Falcon’s Beyond Global by 21.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock worth $559,000 after buying an additional 9,082 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 during the last quarter. HighTower Advisors LLC acquired a new position in Falcon’s Beyond Global in the 1st quarter valued at approximately $124,000. Finally, Clear Street Group Inc. bought a new position in shares of Falcon’s Beyond Global during the third quarter valued at $53,000. 38.88% of the stock is 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.