Falcon’s Beyond Global (NASDAQ:FBYD) Trading Down 16.8% – Here’s Why

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) dropped 16.8% during trading on Wednesday . The stock traded as low as $5.71 and last traded at $5.5750. Approximately 71,848 shares traded hands during trading, a decline of 42% from the average daily volume of 124,872 shares. The stock had previously closed at $6.70.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FBYD shares. 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 raised Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Falcon’s Beyond Global has a consensus rating of “Sell”.

Falcon’s Beyond Global Price Performance

The firm has a market cap of $651.30 million, a P/E ratio of -45.54 and a beta of -1.80. The company has a fifty day moving average of $13.64 and a 200-day moving average of $11.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.31.

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

Hedge Funds Weigh In On Falcon’s Beyond Global

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Clear Street Group Inc. bought a new stake in Falcon’s Beyond Global during the third quarter worth $53,000. Bank of America Corp DE increased its position in shares of 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 valued at $42,000 after purchasing an additional 3,764 shares during the last quarter. Vanguard Group Inc. increased 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 valued at $4,847,000 after purchasing an additional 357,589 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of 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 purchasing an additional 9,082 shares during the period. Finally, AllGen Financial Advisors Inc. boosted its holdings in shares of 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 buying an additional 19,157 shares during the last quarter. Hedge funds and other 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.