Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 7% – Here’s Why

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price dropped 7% on Monday . The company traded as low as $14.86 and last traded at $14.4130. Approximately 36,546 shares traded hands during trading, a decline of 68% from the average daily volume of 112,585 shares. The stock had previously closed at $15.50.

Analyst Upgrades and Downgrades

FBYD has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings raised shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Falcon’s Beyond Global currently has a consensus rating of “Hold”.

Falcon’s Beyond Global Trading Up 3.2%

The company has a market cap of $1.87 billion, a price-to-earnings ratio of 73.29 and a beta of -2.84. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $12.75 and its 200 day moving average price is $11.24.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its quarterly earnings data on Monday, March 30th. The company reported ($0.01) EPS for the quarter. The company had revenue of $6.59 million for the quarter. Falcon’s Beyond Global had a negative return on equity of 8.25% and a net margin of 51.31%.

Hedge Funds Weigh In On Falcon’s Beyond Global

Institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new position in shares of Falcon’s Beyond Global during the fourth quarter valued at about $30,000. Strs Ohio acquired a new position in Falcon’s Beyond Global during the 4th quarter worth approximately $39,000. Bank of America Corp DE raised its stake in 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 worth $42,000 after buying an additional 3,764 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new position in Falcon’s Beyond Global during the 4th quarter worth approximately $47,000. Finally, Clear Street Group Inc. acquired a new position in Falcon’s Beyond Global during the 3rd quarter worth approximately $53,000. Institutional investors and hedge funds 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.