Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 10.8% – Should You Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price dropped 10.8% during trading on Wednesday . The stock traded as low as $12.53 and last traded at $11.88. Approximately 15,246 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 28,285 shares. The stock had previously closed at $13.32.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Friday, October 31st. Wall Street Zen raised shares of Falcon’s Beyond Global to a “hold” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The stock’s 50-day moving average price is $11.38 and its 200 day moving average price is $8.31. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 32.66. The company has a market cap of $1.47 billion, a P/E ratio of 30.86 and a beta of -1.49.

Falcon’s Beyond Global (NASDAQ:FBYD) last posted its earnings results on Thursday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $2.55 million for the quarter. Falcon’s Beyond Global had a net margin of 146.55% and a negative return on equity of 82.54%.

Institutional Investors Weigh In On Falcon’s Beyond Global

Institutional investors have recently modified their holdings of the business. Cassaday & Co Wealth Management LLC bought a new position in Falcon’s Beyond Global in the first quarter valued at approximately $90,000. AllGen Financial Advisors Inc. bought a new position in shares of Falcon’s Beyond Global during the 1st quarter worth approximately $209,000. HighTower Advisors LLC acquired a new stake in Falcon’s Beyond Global during the 1st quarter worth approximately $124,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Falcon’s Beyond Global by 21.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock valued at $559,000 after purchasing an additional 9,082 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Falcon’s Beyond Global by 434.9% in the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock valued at $4,847,000 after acquiring an additional 357,589 shares in the last quarter. Institutional investors and hedge funds 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.