Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Down 5.3% – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price dropped 5.3% on Monday . The company traded as low as $13.87 and last traded at $13.9010. Approximately 10,775 shares traded hands during trading, a decline of 90% from the average daily volume of 109,684 shares. The stock had previously closed at $14.68.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FBYD. Weiss Ratings raised Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Wall Street Zen raised Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Falcon’s Beyond Global Price Performance

The stock has a market cap of $1.68 billion, a PE ratio of 65.86 and a beta of -2.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.45 and a quick ratio of 0.45. The firm’s 50 day moving average price is $13.37 and its two-hundred day moving average price is $11.32.

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

Institutional Investors Weigh In On Falcon’s Beyond Global

A number of hedge funds have recently made changes to their positions in FBYD. Vanguard Group Inc. increased its stake in shares of Falcon’s Beyond Global by 434.9% in the third quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after buying an additional 357,589 shares during the period. Bank of America Corp DE increased 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 buying an additional 3,764 shares during the period. Clear Street Group Inc. purchased a new position in Falcon’s Beyond Global during the 3rd quarter valued at $53,000. Strs Ohio purchased a new position in Falcon’s Beyond Global during the 4th quarter valued at $39,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Falcon’s Beyond Global during the 4th quarter valued at $30,000. 38.88% of the stock is currently owned by institutional investors.

Falcon’s Beyond Global Company Profile

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.