Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Down 5.4% – Should You Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price fell 5.4% during mid-day trading on Wednesday . The company traded as low as $7.61 and last traded at $7.6360. Approximately 20,777 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 121,121 shares. The stock had previously closed at $8.07.

Wall Street Analyst Weigh In

FBYD has been the subject of a number of analyst reports. Weiss Ratings raised Falcon’s Beyond Global from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, September 1st. Wall Street Zen lowered shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Down 9.8%

The company has a market capitalization of $805.17 million, a P/E ratio of -66.40 and a beta of -2.60. The stock’s fifty day moving average is $10.87 and its 200 day moving average is $11.79. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25.

Falcon’s Beyond Global (NASDAQ:FBYD) last posted its earnings results on Thursday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. Falcon’s Beyond Global had a negative return on equity of 50.04% and a negative net margin of 8.60%.The business had revenue of $5.62 million during the quarter.

Institutional Trading of Falcon’s Beyond Global

Several institutional investors and hedge funds have recently bought and sold shares of FBYD. Global Retirement Partners LLC purchased a new position in shares of Falcon’s Beyond Global in the 4th quarter valued at approximately $30,000. Strs Ohio bought a new position in shares of Falcon’s Beyond Global during the fourth quarter valued at $39,000. Bank of America Corp DE lifted its stake in 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 during the period. Police & Firemen s Retirement System of New Jersey purchased a new stake in Falcon’s Beyond Global in the fourth quarter worth approximately $47,000. Finally, California State Teachers Retirement System boosted its stake in shares of Falcon’s Beyond Global by 633.5% in the 2nd quarter. California State Teachers Retirement System now owns 6,917 shares of the company’s stock worth $124,000 after buying an additional 5,974 shares during the last quarter. 38.88% of the stock is currently owned by hedge funds and other 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. 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.