Falcon’s Beyond Global (NASDAQ:FBYD) Trading Down 16.8% – Should You Sell?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) dropped 16.8% during trading on Wednesday . The stock traded as low as $5.71 and last traded at $5.5750. Approximately 71,848 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 124,872 shares. The stock had previously closed at $6.70.

Analysts Set New Price Targets

FBYD has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. Wall Street Zen upgraded Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Falcon’s Beyond Global has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The company’s fifty day simple moving average is $13.64 and its 200 day simple moving average is $11.06. The stock has a market capitalization of $651.30 million, a P/E ratio of -45.54 and a beta of -1.80. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $4.05 million during the quarter. Falcon’s Beyond Global had a negative return on equity of 16.17% and a net margin of 10.57%.

Hedge Funds Weigh In On Falcon’s Beyond Global

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of 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 valued at $42,000 after buying an additional 3,764 shares in the last quarter. Clear Street Group Inc. bought a new stake in Falcon’s Beyond Global in the 3rd quarter worth approximately $53,000. AllGen Financial Advisors Inc. raised its stake in shares of Falcon’s Beyond Global by 79.8% during the third quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock worth $476,000 after acquiring an additional 19,157 shares in the last quarter. 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 acquiring an additional 9,082 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Falcon’s Beyond Global by 434.9% in the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock valued at $4,847,000 after purchasing an additional 357,589 shares in the last quarter. Institutional investors own 38.88% of the company’s stock.

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.