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

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price was down 8.5% on Wednesday . The company traded as low as $10.98 and last traded at $10.8780. Approximately 17,971 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 126,988 shares. The stock had previously closed at $11.89.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FBYD shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Monday, December 22nd. Wall Street Zen raised Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Falcon’s Beyond Global Price Performance

The company has a market cap of $1.31 billion, a PE ratio of 360.00 and a beta of -3.77. 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 stock has a 50 day moving average of $6.92 and a 200-day moving average of $10.78.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its earnings results on Monday, March 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $6.59 million during the quarter. Falcon’s Beyond Global had a negative return on equity of 164.17% and a net margin of 19.06%.

Hedge Funds Weigh In On Falcon’s Beyond Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in Falcon’s Beyond Global in the 4th quarter worth $30,000. Strs Ohio purchased a new position in Falcon’s Beyond Global in the 4th quarter worth $39,000. Police & Firemen s Retirement System of New Jersey purchased a new position in Falcon’s Beyond Global in the 4th quarter worth $47,000. Bank of America Corp DE raised 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. Finally, Clear Street Group Inc. purchased a new position in Falcon’s Beyond Global in the 3rd quarter worth $53,000. Hedge funds and other 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.