Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Down 6% – Should You Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares dropped 6% during mid-day trading on Friday . The stock traded as low as $12.27 and last traded at $12.14. Approximately 6,275 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 62,492 shares. The stock had previously closed at $12.91.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FBYD. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Monday, December 22nd. Wall Street Zen downgraded shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. One equities 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 Down 12.0%

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 $1.38 billion, a price-to-earnings ratio of -94.67 and a beta of -1.80. The firm’s 50-day moving average price is $14.99 and its 200 day moving average price is $10.84.

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

Institutional Trading of Falcon’s Beyond Global

Several institutional investors and hedge funds have recently modified their holdings of FBYD. Clear Street Group Inc. acquired a new position in Falcon’s Beyond Global during the third quarter worth about $53,000. Bank of America Corp DE grew its holdings in shares of Falcon’s Beyond Global by 8,008.5% during the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after purchasing an additional 3,764 shares during the last quarter. Vanguard Group Inc. increased its position 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 purchasing an additional 357,589 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position 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 purchasing an additional 9,082 shares in the last quarter. Finally, AllGen Financial Advisors Inc. lifted its stake in Falcon’s Beyond Global by 79.8% in the 3rd quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock valued at $476,000 after purchasing an additional 19,157 shares during the last quarter. 38.88% of the stock is currently owned by institutional investors.

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.