Falcon’s Beyond Global (NASDAQ:FBYD) Trading Down 7.1% – Time to Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares fell 7.1% during mid-day trading on Wednesday . The company traded as low as $13.26 and last traded at $13.1030. 21,651 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 127,755 shares. The stock had previously closed at $14.10.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Monday, December 22nd. Wall Street Zen cut shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Down 8.8%

The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 433.00 and a beta of -1.68. 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 fifty day moving average of $6.38 and a 200 day moving average of $10.82.

Falcon’s Beyond Global (NASDAQ:FBYD) last posted its earnings results on Monday, March 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. Falcon’s Beyond Global had a negative return on equity of 164.17% and a net margin of 19.06%.The business had revenue of $6.59 million for the quarter.

Institutional Trading of Falcon’s Beyond Global

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC acquired a new position in Falcon’s Beyond Global in the fourth quarter valued at about $30,000. Strs Ohio acquired a new stake in shares of Falcon’s Beyond Global during the fourth quarter valued at about $39,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Falcon’s Beyond Global in the 4th quarter valued at approximately $47,000. Bank of America Corp DE raised its stake in shares of 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 acquiring an additional 3,764 shares during the period. Finally, Clear Street Group Inc. acquired a new position in shares of Falcon’s Beyond Global in the 3rd quarter worth approximately $53,000. 38.88% of the stock is 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.