Falcon’s Beyond Global (NASDAQ:FBYD) Sets New 1-Year Low – Time to Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) hit a new 52-week low during trading on Tuesday . The stock traded as low as $4.46 and last traded at $4.5550, with a volume of 84100 shares. The stock had previously closed at $5.40.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FBYD shares. Weiss Ratings restated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note 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. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Falcon’s Beyond Global presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The firm has a market capitalization of $550.82 million, a P/E ratio of -37.92 and a beta of -1.64. The company has a 50-day moving average of $11.92 and a 200-day moving average of $10.97. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in shares of Falcon’s Beyond Global in the 4th quarter valued at $30,000. Strs Ohio bought a new position in Falcon’s Beyond Global during the fourth quarter worth $39,000. Bank of America Corp DE lifted its holdings in Falcon’s Beyond Global by 8,008.5% in the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after buying an additional 3,764 shares during the period. Clear Street Group Inc. acquired a new position in Falcon’s Beyond Global in the third quarter valued at $53,000. Finally, AllGen Financial Advisors Inc. boosted its position in Falcon’s Beyond Global by 79.8% during the third quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock valued at $476,000 after acquiring an additional 19,157 shares during the last quarter. 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.