Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Down 6.5% – Time to Sell?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) dropped 6.5% on Wednesday . The stock traded as low as $6.08 and last traded at $5.9650. Approximately 37,402 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 108,409 shares. The stock had previously closed at $6.38.

Analyst Ratings Changes

Several research firms have recently commented on FBYD. Weiss Ratings reissued a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Monday, December 22nd. Wall Street Zen lowered shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Falcon’s Beyond Global Price Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $733.64 million, a P/E ratio of -50.50 and a beta of -1.80. The firm’s 50-day moving average is $14.24 and its two-hundred day moving average is $11.05.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its earnings results on Friday, November 14th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $4.05 million for the quarter. Falcon’s Beyond Global had a net margin of 10.57% and a negative return on equity of 16.17%.

Hedge Funds Weigh In On Falcon’s Beyond Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in Falcon’s Beyond Global by 8,008.5% in the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after acquiring an additional 3,764 shares during the last quarter. Clear Street Group Inc. purchased a new stake in shares of Falcon’s Beyond Global in the third quarter valued at $53,000. Wealth Enhancement Advisory Services LLC grew its position 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 valued at $559,000 after acquiring an additional 9,082 shares during the period. 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 worth $476,000 after acquiring an additional 19,157 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Falcon’s Beyond Global by 434.9% in the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after purchasing an additional 357,589 shares during the last quarter. Hedge funds and other institutional investors own 38.88% of the company’s stock.

Falcon’s Beyond Global Company Profile

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.