Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 5.3% – Should You Sell?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) traded down 5.3% during trading on Monday . The company traded as low as $13.87 and last traded at $13.9010. 10,775 shares were traded during trading, a decline of 90% from the average session volume of 109,684 shares. The stock had previously closed at $14.68.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Wall Street Zen upgraded shares of Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Falcon’s Beyond Global Stock Performance

The company has a market cap of $1.68 billion, a P/E ratio of 65.86 and a beta of -2.84. The business’s 50 day simple moving average is $13.37 and its 200 day simple moving average is $11.32. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25.

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

Institutional Investors Weigh In On Falcon’s Beyond Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FBYD. Vanguard Group Inc. grew its holdings in Falcon’s Beyond Global by 434.9% during the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock valued at $4,847,000 after buying an additional 357,589 shares in the last quarter. Invesco Ltd. purchased a new stake in Falcon’s Beyond Global during the 4th quarter valued at approximately $2,555,000. Geode Capital Management LLC grew its holdings in 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 valued at $4,770,000 after buying an additional 147,056 shares in the last quarter. State Street Corp grew its holdings in Falcon’s Beyond Global by 648.9% during the 4th quarter. State Street Corp now owns 153,824 shares of the company’s stock valued at $2,309,000 after buying an additional 133,284 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Falcon’s Beyond Global during the 4th quarter valued at approximately $658,000. 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.