Falcon’s Beyond Global (NASDAQ:FBYD) Trading Down 7.4% – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price traded down 7.4% during trading on Monday . The stock traded as low as $10.65 and last traded at $10.7850. 7,146 shares were traded during trading, a decline of 94% from the average session volume of 112,888 shares. The stock had previously closed at $11.65.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Down 7.5%

The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market capitalization of $1.31 billion, a P/E ratio of 359.33 and a beta of -2.79. The stock has a fifty day moving average price of $10.44 and a two-hundred day moving average price of $11.01.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its quarterly earnings results on Monday, March 30th. The company reported ($0.01) earnings per share for the quarter. Falcon’s Beyond Global had a net margin of 19.06% and a return on equity of 60.95%. The firm had revenue of $6.59 million during the quarter.

Institutional Investors Weigh In On Falcon’s Beyond Global

Institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in shares of Falcon’s Beyond Global in the 4th quarter valued at approximately $30,000. Strs Ohio bought a new position in Falcon’s Beyond Global during the 4th quarter worth $39,000. Bank of America Corp DE grew its stake in Falcon’s Beyond Global by 8,008.5% during the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock worth $42,000 after buying an additional 3,764 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in Falcon’s Beyond Global during the 4th quarter worth $47,000. Finally, Clear Street Group Inc. bought a new position in Falcon’s Beyond Global during the 3rd quarter worth $53,000. 38.88% of the stock is currently owned by institutional investors.

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.