Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Down – Here’s Why

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) gapped down prior to trading on Thursday . The stock had previously closed at $13.32, but opened at $12.20. Falcon’s Beyond Global shares last traded at $12.3050, with a volume of 1,122 shares.

Analyst Upgrades and Downgrades

FBYD has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Friday, October 31st. Wall Street Zen upgraded Falcon’s Beyond Global to a “hold” rating in a research note on Saturday, October 25th. One equities research 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 Price Performance

The firm has a 50 day moving average of $11.71 and a 200-day moving average of $8.40. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 32.66. The company has a market cap of $1.43 billion, a P/E ratio of 30.03 and a beta of -1.49.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its earnings results on Friday, November 14th. The company reported ($0.13) EPS for the quarter. The company had revenue of $4.05 million during the quarter. Falcon’s Beyond Global had a negative return on equity of 82.54% and a net margin of 146.55%.

Institutional Investors Weigh In On Falcon’s Beyond Global

Several large investors have recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC bought a new position in Falcon’s Beyond Global during 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 valued at approximately $209,000. HighTower Advisors LLC purchased a new position in shares of Falcon’s Beyond Global in the first quarter valued at $124,000. Wealth Enhancement Advisory Services LLC increased its position in Falcon’s Beyond Global by 21.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock worth $559,000 after purchasing an additional 9,082 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Falcon’s Beyond Global by 434.9% during the third quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock valued at $4,847,000 after purchasing an additional 357,589 shares in the last quarter. 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.