Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 5.4% – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) dropped 5.4% during mid-day trading on Wednesday . The company traded as low as $7.61 and last traded at $7.6360. 20,777 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 121,121 shares. The stock had previously closed at $8.07.

Analysts Set New Price Targets

FBYD has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Weiss Ratings raised Falcon’s Beyond Global from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Falcon’s Beyond Global Trading Down 5.9%

The firm has a fifty day simple moving average of $11.36 and a two-hundred day simple moving average of $11.75. The firm has a market capitalization of $920.97 million, a P/E ratio of -75.95 and a beta of -2.60. 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 posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $5.62 million during the quarter. Falcon’s Beyond Global had a negative net margin of 8.60% and a negative return on equity of 50.04%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FBYD. Vanguard Group Inc. grew its position in Falcon’s Beyond Global by 434.9% during 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 in the last quarter. Bank of America Corp DE grew its holdings 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 purchasing an additional 3,764 shares during the last quarter. Strs Ohio purchased a new position in Falcon’s Beyond Global in the 4th quarter worth approximately $39,000. Global Retirement Partners LLC purchased a new stake in shares of Falcon’s Beyond Global during the fourth quarter worth about $30,000. Finally, Geode Capital Management LLC increased its position in Falcon’s Beyond Global by 86.2% during the 4th quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock valued at $4,770,000 after purchasing an additional 147,056 shares during the period. 38.88% of the stock is 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.