Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Down 8.5% – Should You Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) traded down 8.5% during mid-day trading on Thursday . The stock traded as low as $8.00 and last traded at $7.8650. 47,390 shares were traded during mid-day trading, a decline of 48% from the average session volume of 91,040 shares. The stock had previously closed at $8.60.

Analyst Ratings Changes

FBYD has been the topic of a number of research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. Wall Street Zen cut shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Trading Down 13.0%

The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average price of $14.81 and a 200-day moving average price of $10.99. The firm has a market capitalization of $905.54 million, a PE ratio of -61.92 and a beta of -1.80.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.13) earnings per share 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 Trading of Falcon’s Beyond Global

Large investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in shares of 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 buying an additional 3,764 shares in the last quarter. Clear Street Group Inc. acquired a new position in shares of Falcon’s Beyond Global during the 3rd quarter worth approximately $53,000. 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 valued at $476,000 after buying an additional 19,157 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Falcon’s Beyond Global by 21.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock valued at $559,000 after acquiring an additional 9,082 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Falcon’s Beyond Global by 434.9% in the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock valued at $4,847,000 after purchasing an additional 357,589 shares in the last quarter. Institutional investors and hedge funds 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.