Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Down – Should You Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares gapped down before the market opened on Thursday . The stock had previously closed at $13.32, but opened at $12.20. Falcon’s Beyond Global shares last traded at $12.3050, with a volume of 1,122 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wall Street Zen upgraded Falcon’s Beyond Global to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Friday, October 31st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The company has a debt-to-equity ratio of 32.66, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market capitalization of $1.51 billion, a PE ratio of 31.36 and a beta of -1.49. The firm’s 50 day moving average price is $11.48 and its 200-day moving average price is $8.34.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its earnings results on Thursday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter. Falcon’s Beyond Global had a negative return on equity of 82.54% and a net margin of 146.55%.The firm had revenue of $2.55 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in 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 buying an additional 357,589 shares in the last quarter. AllGen Financial Advisors Inc. purchased a new stake in Falcon’s Beyond Global during the 1st quarter worth approximately $209,000. HighTower Advisors LLC acquired a new position in shares of Falcon’s Beyond Global during the first quarter valued at approximately $124,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Falcon’s Beyond Global in the first quarter valued at approximately $90,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Falcon’s Beyond Global by 21.8% in the third 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. Institutional investors and hedge funds own 38.88% of the company’s stock.

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.