Falcon’s Beyond Global (NASDAQ:FBYD) Trading Down 8.8% – Here’s What Happened

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares fell 8.8% on Tuesday . The company traded as low as $4.07 and last traded at $4.1850. 45,090 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 132,740 shares. The stock had previously closed at $4.59.

Analyst Upgrades and Downgrades

Several brokerages have commented on FBYD. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Monday, December 22nd. Wall Street Zen cut 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, Falcon’s Beyond Global presently has an average rating of “Sell”.

Falcon’s Beyond Global Trading Up 11.2%

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 business has a 50 day simple moving average of $9.66 and a 200 day simple moving average of $10.75.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Invesco Ltd. bought a new stake in Falcon’s Beyond Global during the fourth quarter worth approximately $2,555,000. Chokshi & Queen Wealth Advisors Inc bought a new stake in shares of Falcon’s Beyond Global during the 4th quarter worth $162,000. Barclays PLC acquired a new position in Falcon’s Beyond Global in the 4th quarter valued at $343,000. Marshall Wace LLP bought a new position in Falcon’s Beyond Global in the 4th quarter worth $207,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in Falcon’s Beyond Global during the 4th quarter worth $658,000. 38.88% of the stock is owned by institutional investors.

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.