Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 7.2% – Time to Sell?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) dropped 7.2% on Wednesday . The stock traded as low as $17.22 and last traded at $17.42. 18,669 shares changed hands during trading, a decline of 85% from the average daily volume of 122,057 shares. The stock had previously closed at $18.78.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Wall Street Zen upgraded Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings upgraded shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Falcon’s Beyond Global Trading Down 3.6%

The business has a fifty day moving average price of $15.26 and a 200-day moving average price of $11.46. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.25. The company has a market cap of $2.19 billion, a P/E ratio of 86.19 and a beta of -2.84.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Barclays PLC acquired a new stake in shares of Falcon’s Beyond Global during the fourth quarter worth $343,000. Nuveen LLC acquired a new stake in Falcon’s Beyond Global in the 4th quarter worth about $264,000. Wells Fargo & Company MN bought a new stake in Falcon’s Beyond Global in the 4th quarter valued at about $241,000. Goldman Sachs Group Inc. acquired a new position in shares of Falcon’s Beyond Global during the 4th quarter worth approximately $211,000. Finally, Marshall Wace LLP bought a new position in shares of Falcon’s Beyond Global during the fourth quarter worth approximately $207,000. Institutional investors 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. 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.