Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Down 6.5% – Should You Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) dropped 6.5% on Tuesday . The stock traded as low as $11.55 and last traded at $11.71. Approximately 43,752 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 37,878 shares. The stock had previously closed at $12.52.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FBYD shares. Weiss Ratings reissued a “sell (d)” rating on shares of Falcon’s Beyond Global in a research report on Tuesday, December 2nd. Wall Street Zen raised shares of Falcon’s Beyond Global to a “hold” rating in a research note on Saturday, October 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Trading Down 6.0%

The business’s 50-day simple moving average is $13.56 and its two-hundred day simple moving average is $9.73. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.42 billion, a PE ratio of -98.08 and a beta of -2.10.

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

Institutional Trading of Falcon’s Beyond Global

A number of hedge funds and other institutional investors have recently made changes to their positions in FBYD. Bank of America Corp DE raised its holdings in Falcon’s Beyond Global by 8,008.5% in the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after acquiring an additional 3,764 shares in the last quarter. Clear Street Group Inc. acquired a new stake in shares of Falcon’s Beyond Global in the 3rd quarter valued at about $53,000. HighTower Advisors LLC bought a new position in shares of Falcon’s Beyond Global during the first quarter worth about $124,000. AllGen Financial Advisors Inc. grew its stake 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 purchasing an additional 19,157 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in 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 purchasing an additional 9,082 shares in the last quarter. Institutional investors own 38.88% of the company’s stock.

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.