Falcon’s Beyond Global (NASDAQ:FBYD) Trading Down 6.7% – Here’s What Happened

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price was down 6.7% during mid-day trading on Wednesday . The stock traded as low as $16.11 and last traded at $16.5590. Approximately 10,102 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 118,280 shares. The stock had previously closed at $17.74.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The stock’s 50-day moving average is $9.96 and its 200 day moving average is $11.00. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 564.00 and a beta of -3.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36 and a quick ratio of 0.36.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its earnings results on Monday, March 30th. The company reported ($0.01) EPS for the quarter. The company had revenue of $6.59 million for the quarter. Falcon’s Beyond Global had a return on equity of 60.95% and a net margin of 19.06%.

Institutional Investors Weigh In On Falcon’s Beyond Global

A number of large investors have recently bought and sold shares of FBYD. Vanguard Group Inc. boosted its stake in shares of Falcon’s Beyond Global by 434.9% during the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after purchasing an additional 357,589 shares during the last quarter. Invesco Ltd. purchased a new position in shares of Falcon’s Beyond Global during the fourth quarter valued at approximately $2,555,000. Geode Capital Management LLC lifted its stake in shares of Falcon’s Beyond Global by 86.2% during the fourth quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock valued at $4,770,000 after buying an additional 147,056 shares during the period. State Street Corp boosted its position in Falcon’s Beyond Global by 648.9% during the fourth quarter. State Street Corp now owns 153,824 shares of the company’s stock worth $2,309,000 after acquiring an additional 133,284 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Falcon’s Beyond Global during the fourth quarter worth approximately $658,000. Institutional investors and hedge funds 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.