Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 3.2% – Here’s What Happened

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) fell 3.2% during trading on Thursday . The company traded as low as $13.31 and last traded at $12.9150. 1,984 shares changed hands during trading, a decline of 93% from the average session volume of 28,258 shares. The stock had previously closed at $13.34.

Wall Street Analyst Weigh In

FBYD has been the topic of several research reports. Weiss Ratings upgraded shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, November 14th. Wall Street Zen upgraded Falcon’s Beyond Global to a “hold” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Falcon’s Beyond Global currently has an average rating of “Hold”.

Falcon’s Beyond Global Price Performance

The company has a fifty day moving average price of $11.98 and a two-hundred day moving average price of $8.55. The company has a current ratio of 0.31, a quick ratio of 0.51 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.60 billion, a P/E ratio of -110.42 and a beta of -1.49.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its earnings results 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 company had revenue of $4.05 million during the quarter.

Institutional Trading of Falcon’s Beyond Global

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in Falcon’s Beyond Global by 8,008.5% during the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock worth $42,000 after purchasing an additional 3,764 shares during the period. Clear Street Group Inc. bought a new stake in shares of Falcon’s Beyond Global during the 3rd quarter worth about $53,000. Wealth Enhancement Advisory Services LLC increased its position in 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. HighTower Advisors LLC bought a new position in Falcon’s Beyond Global during the first quarter worth about $124,000. Finally, AllGen Financial Advisors Inc. boosted its holdings in Falcon’s Beyond Global by 79.8% in the 3rd quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock valued at $476,000 after purchasing an additional 19,157 shares during the period. 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.