Falcon’s Beyond Global (NASDAQ:FBYD) Trading Down 7.4% – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price was down 7.4% during mid-day trading on Monday . The company traded as low as $10.65 and last traded at $10.7850. Approximately 7,146 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 112,888 shares. The stock had previously closed at $11.65.

Analyst Upgrades and Downgrades

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

Falcon’s Beyond Global Stock Down 7.5%

The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 359.33 and a beta of -2.79. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average price of $10.44 and a two-hundred day moving average price of $11.01.

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. The firm had revenue of $6.59 million during the quarter. Falcon’s Beyond Global had a net margin of 19.06% and a return on equity of 60.95%.

Institutional Investors Weigh In On Falcon’s Beyond Global

Several hedge funds have recently modified their holdings of FBYD. Vanguard Group Inc. raised its holdings 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 valued at $4,847,000 after buying an additional 357,589 shares during the period. Invesco Ltd. purchased a new stake in shares of Falcon’s Beyond Global during the 4th quarter valued at about $2,555,000. Geode Capital Management LLC raised its holdings in shares of Falcon’s Beyond Global by 86.2% during the 4th 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 raised its holdings in shares of Falcon’s Beyond Global by 648.9% during the 4th quarter. State Street Corp now owns 153,824 shares of the company’s stock valued at $2,309,000 after buying an additional 133,284 shares during the period. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Falcon’s Beyond Global during the 4th quarter valued at about $658,000. 38.88% of the stock is currently owned by hedge funds and other institutional investors.

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.