Falcon’s Beyond Global (NASDAQ:FBYD) Trading Down 4% – Here’s Why

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) was down 4% during trading on Thursday . The company traded as low as $18.78 and last traded at $18.9150. Approximately 6,860 shares changed hands during trading, a decline of 94% from the average daily volume of 121,850 shares. The stock had previously closed at $19.70.

Wall Street Analysts Forecast Growth

Several equities research analysts recently 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 note on Saturday, April 4th. Weiss Ratings upgraded shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Falcon’s Beyond Global Price Performance

The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 91.57 and a beta of -2.84. The stock has a 50 day moving average of $15.11 and a 200 day moving average of $11.37. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.25.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FBYD. Vanguard Group Inc. grew 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 acquiring an additional 357,589 shares in the last quarter. Bank of America Corp DE raised 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 acquiring an additional 3,764 shares in the last quarter. Clear Street Group Inc. acquired a new stake in shares of Falcon’s Beyond Global during the 3rd quarter valued at approximately $53,000. Strs Ohio bought a new position in Falcon’s Beyond Global during the fourth quarter worth $39,000. Finally, Global Retirement Partners LLC bought a new position in Falcon’s Beyond Global during the fourth quarter worth $30,000. 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.