Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Down – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares gapped down before the market opened on Thursday . The stock had previously closed at $18.48, but opened at $17.54. Falcon’s Beyond Global shares last traded at $18.95, with a volume of 14,334 shares traded.

Analyst Ratings Changes

FBYD has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Falcon’s Beyond Global in a research report on Tuesday. Wall Street Zen raised Falcon’s Beyond Global to a “hold” rating in a research note on Saturday, October 25th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Price Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.31. The business has a 50 day moving average price of $13.09 and a 200-day moving average price of $9.34. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of -167.50 and a beta of -2.07.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its earnings results on Friday, November 14th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $4.05 million during the quarter. Falcon’s Beyond Global had a negative return on equity of 16.17% and a net margin of 10.57%.

Institutional Investors Weigh In On Falcon’s Beyond Global

A number of large investors have recently bought and sold shares of the stock. Clear Street Group Inc. bought a new position in shares of Falcon’s Beyond Global during the 3rd quarter worth about $53,000. Bank of America Corp DE increased its position in Falcon’s Beyond Global by 8,008.5% in the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after buying an additional 3,764 shares in the last quarter. Vanguard Group Inc. raised its stake in Falcon’s Beyond Global by 434.9% during the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after buying an additional 357,589 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Falcon’s Beyond Global by 21.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock worth $559,000 after buying an additional 9,082 shares during the period. Finally, AllGen Financial Advisors Inc. boosted its holdings in Falcon’s Beyond Global by 79.8% in the third quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock worth $476,000 after acquiring an additional 19,157 shares in the last quarter. 38.88% of the stock is currently owned by institutional investors and hedge funds.

About Falcon’s Beyond Global

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.