Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 9.8% – Here’s What Happened

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price traded down 9.8% on Thursday . The company traded as low as $5.33 and last traded at $5.3850. 51,091 shares traded hands during trading, a decline of 62% from the average session volume of 135,309 shares. The stock had previously closed at $5.97.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FBYD. Weiss Ratings restated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Monday, December 22nd. Wall Street Zen downgraded Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Falcon’s Beyond Global Trading Up 7.7%

The business has a fifty day moving average price of $12.16 and a two-hundred day moving average price of $10.93. The firm has a market capitalization of $658.57 million, a PE ratio of -45.33 and a beta of -1.66. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.13) earnings per share for the quarter. The firm 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%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FBYD. AllGen Financial Advisors Inc. lifted its holdings in shares of Falcon’s Beyond Global by 79.8% during the third quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock worth $476,000 after purchasing an additional 19,157 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Falcon’s Beyond Global by 21.8% in the 3rd 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 period. Vanguard Group Inc. boosted its holdings in shares of Falcon’s Beyond Global by 434.9% in the third quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock valued at $4,847,000 after acquiring an additional 357,589 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Falcon’s Beyond Global by 8,008.5% in the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after acquiring an additional 3,764 shares in the last quarter. Finally, Clear Street Group Inc. acquired a new position in shares of Falcon’s Beyond Global during the third quarter worth about $53,000. 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.