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

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $16.56, but opened at $15.73. Falcon’s Beyond Global shares last traded at $15.65, with a volume of 22,678 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on FBYD shares. Wall Street Zen raised Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings raised Falcon’s Beyond Global from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Falcon’s Beyond Global currently has an average rating of “Sell”.

Falcon’s Beyond Global Price Performance

The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 71.00 and a beta of -2.79. The stock has a fifty day simple moving average of $12.25 and a 200-day simple moving average of $11.21. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.45 and a quick ratio of 0.45.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its quarterly earnings results on Monday, March 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. Falcon’s Beyond Global had a net margin of 51.31% and a negative return on equity of 8.25%. The company had revenue of $6.59 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in 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 during the period. Geode Capital Management LLC raised its stake in shares of Falcon’s Beyond Global by 86.2% during the 4th quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock worth $4,770,000 after buying an additional 147,056 shares during the period. Invesco Ltd. acquired a new position in shares of Falcon’s Beyond Global during the 4th quarter worth approximately $2,555,000. State Street Corp raised its stake in shares of Falcon’s Beyond Global by 648.9% during the 4th quarter. State Street Corp now owns 153,824 shares of the company’s stock worth $2,309,000 after buying an additional 133,284 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of 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. 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.