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

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $5.97, but opened at $5.23. Falcon’s Beyond Global shares last traded at $5.1540, with a volume of 1,302 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have commented on FBYD. Wall Street Zen upgraded shares of Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Falcon’s Beyond Global has a consensus rating of “Sell”.

Falcon’s Beyond Global Trading Up 10.2%

The stock’s fifty day moving average price is $12.46 and its 200 day moving average price is $10.95. The stock has a market cap of $673.70 million, a P/E ratio of -46.38 and a beta of -1.66. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.13) earnings per share (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 Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FBYD. 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. Wealth Enhancement Advisory Services LLC raised its position in shares of Falcon’s Beyond Global by 21.8% in 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 during the last quarter. Vanguard Group Inc. boosted its stake in Falcon’s Beyond Global by 434.9% in 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. Bank of America Corp DE boosted its stake 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 worth $42,000 after purchasing an additional 3,764 shares in the last quarter. Finally, Clear Street Group Inc. purchased a new stake in Falcon’s Beyond Global during the 3rd quarter valued at about $53,000. 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.