Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 6% – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares traded down 6% on Friday . The stock traded as low as $12.27 and last traded at $12.14. 6,275 shares were traded during mid-day trading, a decline of 90% from the average session volume of 62,492 shares. The stock had previously closed at $12.91.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FBYD. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Monday, December 22nd. Wall Street Zen cut Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Falcon’s Beyond Global presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Trading Down 11.9%

The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.38 billion, a P/E ratio of -94.75 and a beta of -1.80. The firm’s 50-day moving average price is $15.00 and its 200 day moving average price is $10.92.

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

Institutional Investors Weigh In On Falcon’s Beyond Global

A number of institutional investors and hedge funds have recently bought and sold shares of FBYD. AllGen Financial Advisors Inc. lifted its stake in Falcon’s Beyond Global by 79.8% during the 3rd quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock valued at $476,000 after acquiring an additional 19,157 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position 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 valued at $559,000 after purchasing an additional 9,082 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Falcon’s Beyond Global by 434.9% during the third 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. Bank of America Corp DE boosted its holdings 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 worth $42,000 after purchasing an additional 3,764 shares during the last quarter. Finally, Clear Street Group Inc. bought a new stake in Falcon’s Beyond Global in the 3rd quarter worth about $53,000. 38.88% of the stock is 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.