Falcon’s Beyond Global (NASDAQ:FBYD) Trading Down 5.3% – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price fell 5.3% during trading on Monday . The stock traded as low as $13.87 and last traded at $13.9010. 10,775 shares changed hands during trading, a decline of 90% from the average session volume of 109,684 shares. The stock had previously closed at $14.68.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen raised shares of Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings raised shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Falcon’s Beyond Global Stock Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 0.45 and a quick ratio of 0.45. The stock has a 50-day moving average price of $13.57 and a 200-day moving average price of $11.33. The firm has a market capitalization of $1.68 billion, a PE ratio of 66.50 and a beta of -2.84.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its quarterly earnings data on Monday, March 30th. The company reported ($0.01) earnings per share for the quarter. Falcon’s Beyond Global had a net margin of 51.31% and a negative return on equity of 8.25%. The business had revenue of $6.59 million for the quarter.

Institutional Trading of Falcon’s Beyond Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new stake in Falcon’s Beyond Global in the fourth quarter valued at $30,000. Strs Ohio acquired a new position in Falcon’s Beyond Global during the 4th quarter worth $39,000. Bank of America Corp DE increased its position 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 worth $42,000 after purchasing an additional 3,764 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Falcon’s Beyond Global in the 4th quarter worth about $47,000. Finally, Clear Street Group Inc. acquired a new stake in shares of Falcon’s Beyond Global in the 3rd quarter valued at about $53,000. 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.