Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Down 13.6% – Should You Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price traded down 13.6% during trading on Friday. The stock traded as low as $6.79 and last traded at $6.6240. Approximately 30,614 shares traded hands during trading, a decline of 75% from the average session volume of 121,145 shares. The stock had previously closed at $7.67.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FBYD. Weiss Ratings downgraded shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, September 16th. Wall Street Zen downgraded Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The stock has a market capitalization of $840.20 million, a P/E ratio of -69.40 and a beta of -2.51. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $8.21 and a two-hundred day moving average price of $10.21.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued 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 hedge funds have recently modified their holdings of FBYD. State Street Corp raised its holdings in shares of Falcon’s Beyond Global by 88.1% in the second quarter. State Street Corp now owns 399,673 shares of the company’s stock valued at $7,162,000 after purchasing an additional 187,164 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Falcon’s Beyond Global during the 2nd quarter valued at $1,067,000. Finally, Black Diamond Financial LLC bought a new position in Falcon’s Beyond Global during the third quarter worth about $85,000. Hedge funds and other institutional investors own 38.88% of the company’s stock.

Falcon’s Beyond Global Company Profile

Falcon’s Beyond Global, Inc is an entertainment and technology company that develops immersive destinations, intellectual property and branded experiences. Its activities span theme parks, resorts, attractions, media, merchandise and other forms of location-based entertainment, with a focus on combining storytelling, creative design and technology.

The company operates through businesses that develop and manage destination entertainment projects, create and license original characters and brands, and produce content and experiences for consumers.