Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Down 6.5% – Here’s Why

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) fell 6.5% during trading on Wednesday . The company traded as low as $6.08 and last traded at $5.9650. 37,402 shares were traded during trading, a decline of 65% from the average session volume of 108,409 shares. The stock had previously closed at $6.38.

Analyst Upgrades and Downgrades

FBYD has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Falcon’s Beyond Global Trading Down 5.0%

The stock has a market cap of $733.64 million, a PE ratio of -50.50 and a beta of -1.80. 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 business has a 50-day moving average of $14.24 and a 200 day moving average of $11.05.

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. Falcon’s Beyond Global had a net margin of 10.57% and a negative return on equity of 16.17%. The business had revenue of $4.05 million for the quarter.

Institutional Trading of Falcon’s Beyond Global

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its stake in Falcon’s Beyond Global by 8,008.5% during 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. Clear Street Group Inc. acquired a new position in shares of Falcon’s Beyond Global in the third quarter valued at approximately $53,000. AllGen Financial Advisors Inc. increased 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 grew its stake in Falcon’s Beyond Global by 21.8% during the third 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 in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Falcon’s Beyond Global by 434.9% during the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after buying an additional 357,589 shares during the last quarter. 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.