Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 13.3% – Here’s Why

by · The Cerbat Gem

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD – Get Free Report)’s stock price fell 13.3% during mid-day trading on Tuesday . The company traded as low as $16.09 and last traded at $15.8760. 104,310 shares traded hands during mid-day trading, an increase of 122% from the average session volume of 46,885 shares. The stock had previously closed at $18.32.

Wall Street Analyst Weigh In

A number of research firms have commented on FBYD. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Monday, December 15th. Wall Street Zen raised shares of Falcon’s Beyond Global to a “hold” rating in a report on Saturday, October 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Get Our Latest Analysis on Falcon’s Beyond Global

Falcon’s Beyond Global Stock Down 9.3%

The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.31. The business has a 50 day simple moving average of $13.80 and a 200 day simple moving average of $10.03. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of -138.50 and a beta of -2.10.

Falcon’s Beyond Global (NASDAQ:FBYD – Get Free Report) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.13) EPS for the quarter. Falcon’s Beyond Global had a net margin of 10.57% and a negative return on equity of 16.17%. The business had revenue of $4.05 million during the quarter.

Hedge Funds Weigh In On Falcon’s Beyond Global

Institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC acquired a new stake in Falcon’s Beyond Global in the first quarter valued at $124,000. AllGen Financial Advisors Inc. increased its holdings in shares of Falcon’s Beyond Global by 79.8% in 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 during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Falcon’s Beyond Global by 21.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock worth $559,000 after acquiring an additional 9,082 shares in the last quarter. Clear Street Group Inc. purchased a new stake in Falcon’s Beyond Global during the third quarter worth approximately $53,000. Finally, Bank of America Corp DE lifted its stake 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. Institutional investors and hedge funds own 38.88% of the company’s stock.

About Falcon’s Beyond Global

(Get Free Report)

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.

Recommended Stories