Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Down 4% – Time to Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price was down 4% during trading on Thursday . The stock traded as low as $18.78 and last traded at $18.9150. 6,860 shares traded hands during trading, a decline of 94% from the average session volume of 121,850 shares. The stock had previously closed at $19.70.

Analysts Set New Price Targets

Several analysts recently issued reports on FBYD shares. Weiss Ratings raised Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Wall Street Zen upgraded Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Falcon’s Beyond Global Stock Performance

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 stock’s fifty day moving average is $14.93 and its two-hundred day moving average is $11.26. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 84.00 and a beta of -2.84.

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

Institutional Investors Weigh In On Falcon’s Beyond Global

Several large investors have recently made changes to their positions in the company. Invesco Ltd. acquired a new position in shares of Falcon’s Beyond Global during the fourth quarter worth approximately $2,555,000. Chokshi & Queen Wealth Advisors Inc acquired a new stake in Falcon’s Beyond Global in the 4th quarter valued at approximately $162,000. Barclays PLC acquired a new stake in Falcon’s Beyond Global in the 4th quarter valued at approximately $343,000. Marshall Wace LLP acquired a new stake in Falcon’s Beyond Global in the 4th quarter valued at approximately $207,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Falcon’s Beyond Global during the 4th quarter valued at $658,000. 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. 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.