Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 6.5% – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price was down 6.5% during mid-day trading on Tuesday . The stock traded as low as $11.55 and last traded at $11.71. Approximately 43,752 shares changed hands during mid-day trading, an increase of 16% from the average daily volume of 37,878 shares. The stock had previously closed at $12.52.

Analysts Set New Price Targets

Several brokerages have weighed in on FBYD. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Monday. Wall Street Zen upgraded shares of Falcon’s Beyond Global to a “hold” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Performance

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 business has a 50 day moving average of $13.58 and a 200 day moving average of $9.83. The company has a market capitalization of $1.82 billion, a P/E ratio of -125.25 and a beta of -2.07.

Falcon’s Beyond Global (NASDAQ:FBYD) last posted its earnings results on Friday, November 14th. The company reported ($0.13) 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 Investors Weigh In On Falcon’s Beyond Global

Several hedge funds and other institutional investors have recently made changes to their positions in FBYD. Bank of America Corp DE boosted its position in Falcon’s Beyond Global by 8,008.5% in the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after buying an additional 3,764 shares during the period. Clear Street Group Inc. bought a new position in Falcon’s Beyond Global in the third quarter worth approximately $53,000. HighTower Advisors LLC purchased a new position in Falcon’s Beyond Global during the 1st quarter worth $124,000. AllGen Financial Advisors Inc. raised its position 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 purchasing an additional 19,157 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Falcon’s Beyond Global by 21.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock worth $559,000 after buying an additional 9,082 shares during the period. Hedge funds and other institutional investors 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.