Falcon’s Beyond Global (NASDAQ:FBYD) Trading Down 7.2% – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price traded down 7.2% during mid-day trading on Monday . The company traded as low as $6.36 and last traded at $6.4610. Approximately 16,831 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 124,847 shares. The stock had previously closed at $6.96.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wall Street Zen cut shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Weiss Ratings downgraded shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, September 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Falcon’s Beyond Global Trading Up 3.1%

The company has a 50 day simple moving average of $9.37 and a 200 day simple moving average of $11.82. The company has a market capitalization of $848.82 million, a PE ratio of -70.00 and a beta of -2.60. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66.

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

Institutional Investors Weigh In On Falcon’s Beyond Global

A hedge fund recently raised its stake in Falcon’s Beyond Global stock. State Street Corp grew its holdings in Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) by 88.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 399,673 shares of the company’s stock after purchasing an additional 187,164 shares during the quarter. State Street Corp owned about 0.33% of Falcon’s Beyond Global worth $7,162,000 as of its most recent SEC filing. Institutional investors own 38.88% of the company’s stock.

About Falcon’s Beyond Global

Falcon’s Beyond Global, Inc is an entertainment and development company focused on creating immersive attractions, destination resorts and branded experiences. The company combines storytelling, technology and intellectual property to develop theme parks and other location-based entertainment offerings.

Through its businesses, Falcon’s Beyond provides attraction design, master planning, creative development and operational services for theme parks and resorts. Its activities also include developing entertainment brands and intellectual property for use across attractions, hospitality, consumer products, media and other forms of experiential entertainment.

The company’s portfolio includes the Katmandu brand, which features themed attractions, parks and resort experiences.