Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Down 6.3% – Time to Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) dropped 6.3% during trading on Monday. The stock traded as low as $8.00 and last traded at $8.0210. 26,728 shares changed hands during trading, a decline of 79% from the average session volume of 124,821 shares. The stock had previously closed at $8.56.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FBYD shares. Weiss Ratings lowered Falcon’s Beyond Global from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, September 16th. Wall Street Zen downgraded shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. One research 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 6.6%

The stock has a market capitalization of $969.47 million, a price-to-earnings ratio of -79.95 and a beta of -2.51. The firm’s fifty day moving average is $8.86 and its 200-day moving average is $11.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.01) earnings per share for the quarter. Falcon’s Beyond Global had a negative return on equity of 50.04% and a negative net margin of 8.60%.The firm had revenue of $5.62 million during the quarter.

Institutional Trading of Falcon’s Beyond Global

An institutional investor recently raised its position in Falcon’s Beyond Global stock. State Street Corp increased its position in Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) by 88.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 399,673 shares of the company’s stock after acquiring an additional 187,164 shares during the period. State Street Corp owned about 0.33% of Falcon’s Beyond Global worth $7,162,000 at the end of the most recent reporting period. 38.88% of the stock is currently owned by institutional investors.

About Falcon’s Beyond Global

Falcon’s Beyond Global is an entertainment development company that creates and operates immersive attractions, theme parks, resorts and other experiential destinations. Its activities combine storytelling, technology, design and intellectual-property development to deliver entertainment experiences for visitors and audiences around the world.

The company’s businesses include Falcon’s Creative Group, which develops attractions and themed environments; Falcon’s Beyond Destinations, which focuses on destination-based entertainment and hospitality projects; and Falcon’s Beyond Studios, which develops and produces original intellectual property and related media content.