Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Down 6.5% – Should You Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price traded down 6.5% during mid-day trading on Wednesday . The company traded as low as $6.08 and last traded at $5.9650. 37,402 shares were traded during mid-day trading, a decline of 65% from the average session volume of 108,409 shares. The stock had previously closed at $6.38.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Falcon’s Beyond Global presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Price Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.31. The company’s fifty day moving average price is $13.90 and its 200 day moving average price is $10.99. The firm has a market capitalization of $834.10 million, a price-to-earnings ratio of -57.42 and a beta of -1.80.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AllGen Financial Advisors Inc. increased its position in Falcon’s Beyond Global by 79.8% in the third quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock worth $476,000 after buying an additional 19,157 shares during the period. Wealth Enhancement Advisory Services LLC grew its position 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 worth $559,000 after acquiring an additional 9,082 shares during the last quarter. Clear Street Group Inc. acquired a new stake in shares of Falcon’s Beyond Global in the 3rd quarter worth about $53,000. Bank of America Corp DE lifted its position 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 during the last quarter. Finally, Vanguard Group Inc. lifted its position 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 during the last quarter. Institutional investors and hedge funds own 38.88% of the company’s stock.

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.