Falcon’s Beyond Global (NASDAQ:FBYD) Trading Down 16.8% – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) dropped 16.8% on Wednesday . The stock traded as low as $5.71 and last traded at $5.5750. Approximately 71,848 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 124,872 shares. The stock had previously closed at $6.70.

Analyst Ratings Changes

FBYD has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. Wall Street Zen raised Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Performance

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 business’s fifty day simple moving average is $13.21 and its 200 day simple moving average is $10.98.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FBYD. Bank of America Corp DE boosted its stake 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 during the last quarter. Clear Street Group Inc. bought a new position in shares of Falcon’s Beyond Global in the 3rd quarter worth $53,000. AllGen Financial Advisors Inc. grew its stake in shares of Falcon’s Beyond Global by 79.8% during 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 during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Falcon’s Beyond Global by 21.8% during 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 during the period. Finally, Vanguard Group Inc. increased its holdings in Falcon’s Beyond Global by 434.9% in the third quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock valued at $4,847,000 after purchasing an additional 357,589 shares during 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. 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.