Falcon’s Beyond Global (NASDAQ:FBYD) Trading Down 11.5% – Time to Sell?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) fell 11.5% during trading on Monday . The stock traded as low as $7.53 and last traded at $6.86. 230 shares changed hands during trading, a decline of 98% from the average session volume of 15,084 shares. The stock had previously closed at $7.75.

Falcon’s Beyond Global Stock Down 0.5 %

The company has a market capitalization of $993.79 million, a PE ratio of 5.11 and a beta of -2.51. The stock’s fifty day moving average price is $7.33 and its two-hundred day moving average price is $7.65.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its quarterly earnings data on Thursday, April 3rd. The company reported ($0.42) earnings per share for the quarter. The firm had revenue of $1.36 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp bought a new position in shares of Falcon’s Beyond Global in the 4th quarter worth approximately $89,000. Wealth Enhancement Advisory Services LLC raised its holdings in Falcon’s Beyond Global by 20.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company’s stock worth $135,000 after purchasing an additional 2,806 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Falcon’s Beyond Global by 22.8% during the fourth quarter. Geode Capital Management LLC now owns 51,084 shares of the company’s stock valued at $397,000 after buying an additional 9,499 shares during the period. 38.88% of the stock is currently owned by 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.