Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 5.5% – Here’s What Happened

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price was down 5.5% during trading on Tuesday . The stock traded as low as $18.66 and last traded at $18.5150. Approximately 67,757 shares were traded during mid-day trading, an increase of 91% from the average daily volume of 35,544 shares. The stock had previously closed at $19.59.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FBYD. Weiss Ratings reissued a “sell (d)” rating on shares of Falcon’s Beyond Global in a report on Tuesday, December 2nd. Wall Street Zen raised Falcon’s Beyond Global to a “hold” rating in a research report on Saturday, October 25th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Falcon’s Beyond Global Trading Down 4.0%

The business has a 50 day simple moving average of $13.27 and a 200-day simple moving average of $9.46. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of -155.27 and a beta of -2.10. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30.

Falcon’s Beyond Global (NASDAQ:FBYD) last released 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 firm had revenue of $4.05 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FBYD. Bank of America Corp DE boosted its holdings in shares of 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 valued at $42,000 after buying an additional 3,764 shares during the period. Clear Street Group Inc. acquired a new stake in Falcon’s Beyond Global in the 3rd quarter valued at approximately $53,000. HighTower Advisors LLC acquired a new position in shares of Falcon’s Beyond Global during the first quarter valued at $124,000. AllGen Financial Advisors Inc. raised its position in shares of Falcon’s Beyond Global by 79.8% during the 3rd quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock worth $476,000 after buying an additional 19,157 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings 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 purchasing an additional 9,082 shares in the last quarter. 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.