Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 8.5% – Time to Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) was down 8.5% during mid-day trading on Thursday . The company traded as low as $8.00 and last traded at $7.8650. Approximately 47,390 shares changed hands during trading, a decline of 48% from the average daily volume of 91,040 shares. The stock had previously closed at $8.60.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FBYD shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Monday, December 22nd. Wall Street Zen cut Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Down 2.2%

The firm has a market cap of $803.84 million, a PE ratio of -55.33 and a beta of -1.80. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $14.52 and a two-hundred day simple moving average of $10.97.

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

Institutional Investors Weigh In On Falcon’s Beyond Global

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake 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 worth $4,847,000 after acquiring an additional 357,589 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Falcon’s Beyond Global by 21.8% during 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 in the last quarter. AllGen Financial Advisors Inc. increased its position in shares of Falcon’s Beyond Global by 79.8% in the third quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock worth $476,000 after purchasing an additional 19,157 shares during the last quarter. Clear Street Group Inc. purchased a new stake in Falcon’s Beyond Global in the third quarter valued at approximately $53,000. Finally, Bank of America Corp DE lifted its position in Falcon’s Beyond Global by 8,008.5% during the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after purchasing an additional 3,764 shares during the last quarter. Institutional investors own 38.88% of the company’s stock.

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.