Falcon’s Beyond Global (NASDAQ:FBYD) Trading Down 9.4% – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares traded down 9.4% on Friday . The stock traded as low as $15.49 and last traded at $15.2670. Approximately 59,046 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 106,569 shares. The stock had previously closed at $16.86.

Analyst Upgrades and Downgrades

FBYD has been the topic of a number of research analyst reports. Weiss Ratings cut shares of Falcon’s Beyond Global from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. Wall Street Zen raised Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Falcon’s Beyond Global Trading Down 9.8%

The business has a fifty day moving average of $14.52 and a 200-day moving average of $11.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market capitalization of $1.84 billion, a P/E ratio of 72.40 and a beta of -2.84.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its quarterly earnings data on Monday, March 30th. The company reported ($0.01) earnings per share for the quarter. Falcon’s Beyond Global had a negative return on equity of 8.25% and a net margin of 51.31%.The business had revenue of $6.58 million for the quarter.

Institutional Investors Weigh In On Falcon’s Beyond Global

Several hedge funds and other institutional investors have recently made changes to their positions in FBYD. Barclays PLC bought a new position in Falcon’s Beyond Global in the 4th quarter valued at about $343,000. Marshall Wace LLP bought a new stake in Falcon’s Beyond Global during the 4th quarter worth approximately $207,000. Charles Schwab Investment Management Inc. bought a new stake in Falcon’s Beyond Global during the 4th quarter worth approximately $658,000. Wells Fargo & Company MN purchased a new stake in shares of Falcon’s Beyond Global in the fourth quarter worth approximately $241,000. Finally, Nuveen LLC purchased a new stake in shares of Falcon’s Beyond Global in the fourth quarter worth approximately $264,000. 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. 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.