Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 7% – What’s Next?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) were down 7% on Monday . The company traded as low as $14.86 and last traded at $14.4130. Approximately 36,546 shares were traded during trading, a decline of 68% from the average daily volume of 112,585 shares. The stock had previously closed at $15.50.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wall Street Zen raised Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings upgraded Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Falcon’s Beyond Global Stock Performance

The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average price of $12.57 and a two-hundred day moving average price of $11.23. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 69.12 and a beta of -2.84.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its quarterly earnings data on Monday, March 30th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $6.59 million during the quarter. Falcon’s Beyond Global had a net margin of 51.31% and a negative return on equity of 8.25%.

Institutional Investors Weigh In On Falcon’s Beyond Global

Several hedge funds have recently bought and sold shares of FBYD. Global Retirement Partners LLC bought a new stake in shares of Falcon’s Beyond Global in the 4th quarter valued at about $30,000. Strs Ohio purchased a new stake in shares of Falcon’s Beyond Global in the fourth quarter worth approximately $39,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Falcon’s Beyond Global in the fourth quarter worth approximately $47,000. Bank of America Corp DE raised 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 purchasing an additional 3,764 shares during the last quarter. Finally, Clear Street Group Inc. purchased a new stake in shares of Falcon’s Beyond Global during the third quarter valued at approximately $53,000. 38.88% of the stock is currently owned by institutional investors and hedge funds.

About Falcon’s Beyond Global

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.