Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 3.2% – Should You Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) traded down 3.2% on Thursday . The stock traded as low as $13.31 and last traded at $12.9150. 1,984 shares were traded during mid-day trading, a decline of 93% from the average session volume of 28,258 shares. The stock had previously closed at $13.34.

Wall Street Analyst Weigh In

FBYD has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, November 14th. Wall Street Zen raised Falcon’s Beyond Global to a “hold” rating in a research note on Saturday, October 25th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Falcon’s Beyond Global Stock Down 0.7%

The company has a quick ratio of 0.51, a current ratio of 0.31 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -110.42 and a beta of -1.49. The firm has a 50-day moving average of $11.98 and a two-hundred day moving average of $8.55.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FBYD. Bank of America Corp DE grew its stake in shares of Falcon’s Beyond Global by 8,008.5% in the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock worth $42,000 after acquiring an additional 3,764 shares during the last quarter. Clear Street Group Inc. acquired a new stake in shares of Falcon’s Beyond Global during the 3rd quarter worth approximately $53,000. HighTower Advisors LLC bought a new position in Falcon’s Beyond Global in the first quarter worth $124,000. AllGen Financial Advisors Inc. boosted its stake in Falcon’s Beyond Global by 79.8% during the third quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock worth $476,000 after buying an additional 19,157 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Falcon’s Beyond Global by 21.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock worth $559,000 after purchasing an additional 9,082 shares in the last quarter. Institutional investors and hedge funds own 38.88% of the company’s stock.

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.