Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 7.1% – Here’s What Happened

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price traded down 7.1% during mid-day trading on Wednesday . The company traded as low as $13.26 and last traded at $13.1030. 21,651 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 127,755 shares. The stock had previously closed at $14.10.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Weiss Ratings reiterated 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 research report on Saturday, February 7th. 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 7.2%

The firm’s 50 day moving average is $6.60 and its 200 day moving average is $10.83. The company has a market capitalization of $1.37 billion, a PE ratio of 376.00 and a beta of -3.77. 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 issued its quarterly earnings data on Monday, March 30th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $6.59 million for the quarter. Falcon’s Beyond Global had a net margin of 19.06% and a negative return on equity of 164.17%.

Hedge Funds Weigh In On Falcon’s Beyond Global

A number of institutional investors have recently bought and sold shares of FBYD. Global Retirement Partners LLC bought a new position in shares of Falcon’s Beyond Global in the 4th quarter worth approximately $30,000. Strs Ohio purchased a new stake in shares of Falcon’s Beyond Global in the 4th quarter worth about $39,000. Bank of America Corp DE increased its stake in shares of 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 valued at $42,000 after purchasing an additional 3,764 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in Falcon’s Beyond Global during the 4th quarter valued at approximately $47,000. Finally, Clear Street Group Inc. bought a new position in shares of Falcon’s Beyond Global during the third quarter valued at $53,000. 38.88% of the stock is owned by institutional investors.

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.