Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Down – Here’s What Happened

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) gapped down prior to trading on Monday . The stock had previously closed at $7.46, but opened at $6.83. Falcon’s Beyond Global shares last traded at $6.51, with a volume of 3,194 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen lowered Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. 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 currently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The company’s 50-day moving average price is $7.65 and its 200 day moving average price is $10.79. The stock has a market capitalization of $852.26 million, a PE ratio of -58.67 and a beta of -1.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in shares of Falcon’s Beyond Global in the 4th quarter worth approximately $30,000. Strs Ohio bought a new stake in shares of Falcon’s Beyond Global during the fourth quarter valued at approximately $39,000. Bank of America Corp DE grew 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 worth $42,000 after purchasing an additional 3,764 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new stake in Falcon’s Beyond Global in the fourth quarter worth $47,000. Finally, Clear Street Group Inc. bought a new position in Falcon’s Beyond Global in the third quarter worth $53,000. Hedge funds and other institutional investors own 38.88% of the company’s stock.

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.