Falcon’s Beyond Global (NASDAQ:FBYD) Trading Down 4% – Here’s What Happened

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price was down 4% during mid-day trading on Thursday . The stock traded as low as $18.78 and last traded at $18.9150. 6,860 shares were traded during mid-day trading, a decline of 94% from the average session volume of 121,850 shares. The stock had previously closed at $19.70.

Wall Street Analysts Forecast Growth

FBYD has been the topic of a number of recent research reports. Wall Street Zen raised shares of Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings raised shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Falcon’s Beyond Global Trading Down 10.4%

The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 84.00 and a beta of -2.84. The firm has a 50-day moving average price of $14.93 and a 200 day moving average price of $11.26.

Falcon’s Beyond Global (NASDAQ:FBYD) last posted its quarterly earnings results on Monday, March 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. Falcon’s Beyond Global had a net margin of 51.31% and a negative return on equity of 8.25%. The firm had revenue of $6.58 million for the quarter.

Institutional Trading of Falcon’s Beyond Global

Institutional investors and hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC bought a new position in shares of Falcon’s Beyond Global in the 4th quarter worth about $30,000. Strs Ohio bought a new stake in shares of Falcon’s Beyond Global during the 4th quarter valued at about $39,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Falcon’s Beyond Global during the 4th quarter valued at about $47,000. Bank of America Corp DE raised its stake in Falcon’s Beyond Global by 8,008.5% during the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock worth $42,000 after acquiring an additional 3,764 shares during the period. Finally, Clear Street Group Inc. acquired a new stake in Falcon’s Beyond Global during the third quarter worth about $53,000. 38.88% of the stock is owned by institutional investors and hedge funds.

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.